JPMorgan Chase & Co. Has $8.82 Million Stock Holdings in Daktronics, Inc. (NASDAQ:DAKT)

JPMorgan Chase & Co. cut its position in shares of Daktronics, Inc. (NASDAQ:DAKT - Free Report) by 13.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 523,255 shares of the technology company's stock after selling 81,682 shares during the period. JPMorgan Chase & Co. owned 1.11% of Daktronics worth $8,822,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of DAKT. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Daktronics in the third quarter valued at approximately $427,000. FMR LLC lifted its holdings in Daktronics by 5,451.9% during the 3rd quarter. FMR LLC now owns 48,690 shares of the technology company's stock valued at $629,000 after purchasing an additional 47,813 shares during the last quarter. Barclays PLC boosted its position in Daktronics by 348.2% during the third quarter. Barclays PLC now owns 58,388 shares of the technology company's stock worth $754,000 after purchasing an additional 45,360 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Daktronics by 8.5% in the fourth quarter. Principal Financial Group Inc. now owns 22,413 shares of the technology company's stock valued at $378,000 after purchasing an additional 1,765 shares during the last quarter. Finally, Rhumbline Advisers raised its position in shares of Daktronics by 3.3% in the fourth quarter. Rhumbline Advisers now owns 58,951 shares of the technology company's stock valued at $994,000 after purchasing an additional 1,889 shares during the period. 61.69% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Insider Transactions at Daktronics

In other Daktronics news, Director Andrew David Siegel bought 2,500 shares of the stock in a transaction dated Friday, April 4th. The shares were bought 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 owns 43,446 shares of the company's stock, valued at $499,629. This trade represents a 6.11 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 5.50% of the company's stock.

Daktronics Stock Performance

DAKT traded up $0.05 during trading on Friday, hitting $12.41. The stock had a trading volume of 178,670 shares, compared to its average volume of 481,159. 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 company has a 50 day moving average price of $13.37 and a 200-day moving average price of $14.86. Daktronics, Inc. has a one year low of $8.93 and a one year high of $19.89. The firm has a market cap of $649.50 million, a price-to-earnings ratio of 49.64, a P/E/G ratio of 0.57 and a beta of 1.34.

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.