LSV Asset Management Decreases Stake in Daktronics, Inc. (NASDAQ:DAKT)

LSV Asset Management lowered its position in shares of Daktronics, Inc. (NASDAQ:DAKT - Free Report) by 23.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 234,363 shares of the technology company's stock after selling 71,037 shares during the quarter. LSV Asset Management owned about 0.50% of Daktronics worth $3,951,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. KLP Kapitalforvaltning AS acquired a new stake in shares of Daktronics during the fourth quarter worth about $125,000. Knott David M Jr purchased a new position in Daktronics during the 4th quarter worth approximately $132,000. Retirement Solution LLC acquired a new stake in Daktronics during the 4th quarter valued at approximately $169,000. Fox Run Management L.L.C. purchased a new stake in shares of Daktronics in the 4th quarter valued at $169,000. Finally, Hennessy Advisors Inc. acquired a new stake in shares of Daktronics in the fourth quarter worth $170,000. Hedge funds and other institutional investors own 61.69% of the company's stock.

Insider Transactions at Daktronics

In related news, Director Andrew David Siegel acquired 2,500 shares of the firm's stock in a transaction on Friday, April 4th. The shares were acquired at an average cost of $11.50 per share, with a total value of $28,750.00. Following the completion of the acquisition, the director now directly owns 43,446 shares in the company, valued at approximately $499,629. This trade represents a 6.11 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 5.50% of the company's stock.

Daktronics Stock Performance

Shares of DAKT traded up $0.05 during trading hours on Friday, hitting $12.41. The stock had a trading volume of 178,670 shares, compared to its average volume of 480,634. The firm has a 50-day moving average price of $13.45 and a 200 day moving average price of $14.84. Daktronics, Inc. has a fifty-two week low of $8.93 and a fifty-two week high of $19.89. The firm has a market capitalization of $649.50 million, a price-to-earnings ratio of 49.64, a PEG ratio of 0.57 and a beta of 1.34. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.67 and a current ratio of 2.35.

Analysts Set New Price Targets

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

Daktronics Profile

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.