Russell Investments Group Ltd. Trims Stock Holdings in Daktronics, Inc. (NASDAQ:DAKT)

Russell Investments Group Ltd. trimmed its holdings in shares of Daktronics, Inc. (NASDAQ:DAKT - Free Report) by 13.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 138,208 shares of the technology company's stock after selling 20,796 shares during the quarter. Russell Investments Group Ltd. owned 0.29% of Daktronics worth $2,330,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Daktronics in the third quarter valued at approximately $427,000. Barclays PLC raised its holdings in shares of Daktronics by 348.2% in the third quarter. Barclays PLC now owns 58,388 shares of the technology company's stock valued at $754,000 after acquiring an additional 45,360 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Daktronics by 8.5% during the 4th quarter. Principal Financial Group Inc. now owns 22,413 shares of the technology company's stock worth $378,000 after acquiring an additional 1,765 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Daktronics by 3.3% in the 4th 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 in the last quarter. Finally, Anchor Capital Advisors LLC boosted its stake in shares of Daktronics by 60.2% during the fourth quarter. Anchor Capital Advisors LLC now owns 171,346 shares of the technology company's stock valued at $2,889,000 after purchasing an additional 64,360 shares in the last quarter. Institutional investors own 61.69% of the company's stock.

Wall Street Analyst Weigh In

Separately, Craig Hallum initiated coverage on 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 purchased 7,200 shares of the company's stock in a transaction dated Monday, March 31st. The shares were acquired at an average price of $11.82 per share, for a total transaction of $85,104.00. Following the completion of the purchase, the director now owns 40,946 shares of the company's stock, valued at approximately $483,981.72. The trade was a 21.34 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 5.50% of the company's stock.

Daktronics Stock Up 0.3 %

Daktronics stock traded up $0.04 during trading hours on Wednesday, reaching $12.22. The stock had a trading volume of 108,125 shares, compared to its average volume of 478,426. The business's 50 day moving average price is $13.21 and its 200-day moving average price is $14.84. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.35 and a quick ratio of 1.67. Daktronics, Inc. has a 52 week low of $9.10 and a 52 week high of $19.89. The company has a market cap of $639.66 million, a price-to-earnings ratio of 48.90, a PEG ratio of 0.57 and a beta of 1.34.

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.