Daktronics, Inc. (NASDAQ:DAKT) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. raised its position in Daktronics, Inc. (NASDAQ:DAKT - Free Report) by 11.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,388,284 shares of the technology company's stock after buying an additional 140,482 shares during the period. American Century Companies Inc. owned about 2.95% of Daktronics worth $23,406,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Progeny 3 Inc. lifted its position in shares of Daktronics by 27.3% in the third quarter. Progeny 3 Inc. now owns 2,284,608 shares of the technology company's stock valued at $29,494,000 after acquiring an additional 489,700 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Daktronics by 76.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 451,873 shares of the technology company's stock valued at $5,834,000 after purchasing an additional 195,830 shares in the last quarter. Empowered Funds LLC boosted its stake in Daktronics by 5.1% during the 4th quarter. Empowered Funds LLC now owns 237,609 shares of the technology company's stock worth $4,006,000 after purchasing an additional 11,539 shares during the last quarter. Anchor Capital Advisors LLC grew its holdings in shares of Daktronics by 60.2% during the fourth quarter. Anchor Capital Advisors LLC now owns 171,346 shares of the technology company's stock worth $2,889,000 after buying an additional 64,360 shares in the last quarter. Finally, Money Concepts Capital Corp grew its holdings in shares of Daktronics by 0.4% during the fourth quarter. Money Concepts Capital Corp now owns 150,724 shares of the technology company's stock worth $2,541,000 after buying an additional 607 shares in the last quarter. 61.69% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Separately, Craig Hallum initiated coverage on shares of Daktronics in a research report on Wednesday, January 22nd. They set a "buy" rating and a $26.00 price target on the stock.

Daktronics Price Performance

Shares of NASDAQ:DAKT traded down $1.03 during midday trading on Thursday, hitting $12.22. The company had a trading volume of 689,708 shares, compared to its average volume of 480,535. Daktronics, Inc. has a twelve month low of $8.81 and a twelve month high of $19.89. The stock has a market cap of $639.56 million, a price-to-earnings ratio of 48.88, a price-to-earnings-growth ratio of 0.57 and a beta of 1.12. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.35 and a quick ratio of 1.67. The business's 50-day simple moving average is $14.52 and its 200-day simple moving average is $14.90.

Insider Buying and Selling at Daktronics

In other news, Director Andrew David Siegel bought 7,200 shares of the firm's stock in a transaction on Monday, March 31st. The shares were bought at an average cost of $11.82 per share, for a total transaction of $85,104.00. Following the acquisition, the director now directly owns 40,946 shares of the company's stock, valued at $483,981.72. This trade represents a 21.34 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 5.50% of the stock is owned by company insiders.

About Daktronics

Daktronics, Inc designs, manufactures, and sells electronic scoreboards, programmable display systems and large screen video displays for sporting, commercial, and transportation applications in the United States and internationally. It operates through Commercial, Live Events, High School Park and Recreation, Transportation, and International segments.