Geode Capital Management LLC Has $15.85 Million Stock Holdings in Daktronics, Inc. (NASDAQ:DAKT)

Geode Capital Management LLC increased its position in shares of Daktronics, Inc. (NASDAQ:DAKT - Free Report) by 3.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 939,809 shares of the technology company's stock after buying an additional 27,672 shares during the period. Geode Capital Management LLC owned 2.00% of Daktronics worth $15,849,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new position in Daktronics during the 4th quarter worth $125,000. Retirement Solution LLC acquired a new position in shares of Daktronics during the 4th quarter worth about $169,000. Fox Run Management L.L.C. bought a new stake in Daktronics during the 4th quarter valued at approximately $169,000. Hennessy Advisors Inc. acquired a new stake in Daktronics in the 4th quarter valued at approximately $170,000. Finally, Commonwealth Equity Services LLC bought a new position in Daktronics in the 4th quarter worth approximately $187,000. 61.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Craig Hallum began coverage on Daktronics in a research report on Wednesday, January 22nd. They issued a "buy" rating and a $26.00 price objective for the company.

Daktronics Stock Performance

NASDAQ DAKT traded up $0.09 during midday trading on Wednesday, hitting $12.27. The company had a trading volume of 226,570 shares, compared to its average volume of 478,857. The firm has a fifty day simple moving average of $13.21 and a two-hundred day simple moving average of $14.84. Daktronics, Inc. has a fifty-two week low of $9.10 and a fifty-two week high of $19.89. The company has a quick ratio of 1.67, a current ratio of 2.35 and a debt-to-equity ratio of 0.40. The stock has a market cap of $642.17 million, a price-to-earnings ratio of 49.08, a P/E/G ratio of 0.57 and a beta of 1.34.

Insider Activity at Daktronics

In other news, Director Andrew David Siegel purchased 2,500 shares of the business's stock in a transaction on Friday, April 4th. The stock was purchased at an average price of $11.50 per share, with a total value of $28,750.00. Following the acquisition, the director now directly owns 43,446 shares in the company, valued at approximately $499,629. The trade was a 6.11 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 5.50% of the stock is owned by corporate 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.