Invesco Ltd. Has $12.22 Million Holdings in Daktronics, Inc. (NASDAQ:DAKT)

Invesco Ltd. boosted its position in shares of Daktronics, Inc. (NASDAQ:DAKT - Free Report) by 554.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 724,796 shares of the technology company's stock after acquiring an additional 614,075 shares during the period. Invesco Ltd. owned 1.54% of Daktronics worth $12,220,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new position in shares of Daktronics during the 4th quarter worth about $125,000. Knott David M Jr acquired a new position in shares of Daktronics during the fourth quarter worth approximately $132,000. Retirement Solution LLC bought a new stake in shares of Daktronics in the fourth quarter valued at approximately $169,000. Fox Run Management L.L.C. acquired a new stake in shares of Daktronics in the fourth quarter worth $169,000. Finally, Hennessy Advisors Inc. acquired a new stake in shares of Daktronics in the fourth quarter worth $170,000. 61.69% of the stock is currently owned by institutional investors.

Insider Transactions at Daktronics

In other Daktronics news, Director Andrew David Siegel acquired 2,500 shares of Daktronics stock in a transaction dated Friday, April 4th. The stock was bought at an average cost of $11.50 per share, with a total value of $28,750.00. Following the acquisition, the director now owns 43,446 shares of the company's stock, valued at approximately $499,629. The trade was a 6.11 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.50% of the stock is owned by insiders.

Daktronics Stock Performance

DAKT traded up $0.09 on Wednesday, hitting $12.27. 226,570 shares of the stock traded hands, compared to its average volume of 480,165. The business has a fifty day moving average price of $13.14 and a two-hundred day moving average price of $14.82. The company has a current ratio of 2.35, a quick ratio of 1.67 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $642.17 million, a PE ratio of 49.08, a P/E/G ratio of 0.57 and a beta of 1.34. Daktronics, Inc. has a 52 week low of $9.22 and a 52 week high of $19.89.

Analyst Upgrades and Downgrades

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

Daktronics Company 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.