Raymond James Financial Inc. Invests $760,000 in Daktronics, Inc. (NASDAQ:DAKT)

Raymond James Financial Inc. bought a new position in shares of Daktronics, Inc. (NASDAQ:DAKT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 45,091 shares of the technology company's stock, valued at approximately $760,000. Raymond James Financial Inc. owned approximately 0.10% of Daktronics as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of DAKT. Charles Schwab Investment Management Inc. raised its position in Daktronics by 76.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 451,873 shares of the technology company's stock worth $5,834,000 after acquiring an additional 195,830 shares during the period. FMR LLC boosted its holdings in Daktronics by 5,451.9% in the 3rd quarter. FMR LLC now owns 48,690 shares of the technology company's stock worth $629,000 after buying an additional 47,813 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Daktronics during the 3rd quarter worth approximately $164,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Daktronics during the 3rd quarter worth approximately $427,000. Finally, Janus Henderson Group PLC acquired a new position in shares of Daktronics during the third quarter valued at approximately $216,000. Institutional investors and hedge funds own 61.69% of the company's stock.

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. 5.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

Daktronics Price Performance

Shares of DAKT stock traded down $0.32 during trading hours on Thursday, reaching $12.17. The company had a trading volume of 304,728 shares, compared to its average volume of 483,676. Daktronics, Inc. has a 12-month low of $8.81 and a 12-month high of $19.89. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.67 and a current ratio of 2.35. The company has a market capitalization of $636.94 million, a price-to-earnings ratio of 48.68, a PEG ratio of 0.57 and a beta of 1.34. The stock has a fifty day moving average of $13.85 and a 200-day moving average of $14.87.

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.