Fox Run Management L.L.C. Purchases New Stake in Daktronics, Inc. (NASDAQ:DAKT)

Fox Run Management L.L.C. acquired a new position in shares of Daktronics, Inc. (NASDAQ:DAKT) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,010 shares of the technology company’s stock, valued at approximately $169,000.

Several other hedge funds have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Daktronics during the 3rd quarter worth approximately $427,000. FMR LLC lifted its stake in Daktronics by 5,451.9% during the third quarter. FMR LLC now owns 48,690 shares of the technology company’s stock worth $629,000 after purchasing an additional 47,813 shares during the last quarter. Barclays PLC boosted its holdings in shares of Daktronics by 348.2% in the 3rd quarter. Barclays PLC now owns 58,388 shares of the technology company’s stock valued at $754,000 after purchasing an additional 45,360 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Daktronics by 8.5% in the 4th 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, PEAK6 Investments LLC raised its holdings in shares of Daktronics by 269.9% during the 3rd quarter. PEAK6 Investments LLC now owns 42,073 shares of the technology company’s stock worth $543,000 after buying an additional 30,699 shares in the last quarter. 61.69% of the stock is owned by institutional investors.

Daktronics Price Performance

Shares of NASDAQ:DAKT opened at $12.04 on Friday. Daktronics, Inc. has a one year low of $8.81 and a one year high of $19.89. 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 market cap of $600.71 million, a price-to-earnings ratio of 48.16, a PEG ratio of 0.57 and a beta of 1.12. The firm has a 50 day simple moving average of $14.88 and a 200 day simple moving average of $14.89.

Analyst Ratings Changes

Separately, Craig Hallum initiated coverage on Daktronics in a research note on Wednesday, January 22nd. They issued a “buy” rating and a $26.00 price objective 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.