Daktronics, Inc. (NASDAQ:DAKT) Shares Bought by Gabelli Funds LLC

Gabelli Funds LLC raised its holdings in Daktronics, Inc. (NASDAQ:DAKTFree Report) by 7.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 69,700 shares of the technology company’s stock after acquiring an additional 4,700 shares during the period. Gabelli Funds LLC owned approximately 0.15% of Daktronics worth $591,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Tower Research Capital LLC TRC raised its holdings in Daktronics by 831.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 8,376 shares of the technology company’s stock valued at $71,000 after acquiring an additional 7,477 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its holdings in Daktronics by 271.5% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 139,960 shares of the technology company’s stock valued at $1,187,000 after acquiring an additional 102,290 shares during the last quarter. Anthracite Investment Company Inc. acquired a new stake in Daktronics in the 4th quarter valued at about $4,069,000. Dimensional Fund Advisors LP raised its holdings in Daktronics by 14.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,451,404 shares of the technology company’s stock valued at $20,788,000 after acquiring an additional 305,597 shares during the last quarter. Finally, LSV Asset Management acquired a new stake in Daktronics in the 4th quarter valued at about $1,272,000. Institutional investors and hedge funds own 61.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Daktronics from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th.

Read Our Latest Stock Report on DAKT

Daktronics Stock Up 1.5 %

DAKT stock opened at $11.53 on Tuesday. The firm has a market cap of $532.57 million, a PE ratio of 11.19, a PEG ratio of 0.45 and a beta of 1.06. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.38 and a current ratio of 2.21. The firm’s 50 day moving average price is $10.41 and its 200-day moving average price is $9.26. Daktronics, Inc. has a one year low of $5.94 and a one year high of $12.42.

Daktronics Company Profile

(Free Report)

Daktronics, Inc designs, manufactures, and markets electronic display systems and related products 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.

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Institutional Ownership by Quarter for Daktronics (NASDAQ:DAKT)

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