XTX Topco Ltd Takes Position in Daktronics, Inc. (NASDAQ:DAKT)

XTX Topco Ltd acquired a new position in shares of Daktronics, Inc. (NASDAQ:DAKT) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 14,903 shares of the technology company’s stock, valued at approximately $251,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Barclays PLC raised its holdings in shares of Daktronics by 19.2% during the 4th quarter. Barclays PLC now owns 69,593 shares of the technology company’s stock worth $1,172,000 after acquiring an additional 11,205 shares during the period. Summit Investment Advisors Inc. increased its position in Daktronics by 29.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,192 shares of the technology company’s stock worth $71,000 after purchasing an additional 965 shares during the last quarter. Sterling Capital Management LLC raised its stake in Daktronics by 68.1% during the fourth quarter. Sterling Capital Management LLC now owns 22,607 shares of the technology company’s stock worth $381,000 after purchasing an additional 9,161 shares during the period. Raymond James Financial Inc. acquired a new position in Daktronics in the 4th quarter valued at about $760,000. Finally, Renaissance Technologies LLC grew its stake in shares of Daktronics by 9.6% in the 4th quarter. Renaissance Technologies LLC now owns 570,061 shares of the technology company’s stock valued at $9,611,000 after buying an additional 50,148 shares during the period. Institutional investors and hedge funds own 61.69% of the company’s stock.

Insider Buying and Selling at Daktronics

In related news, Director Andrew David Siegel bought 2,500 shares of the company’s stock in a transaction that occurred on Friday, April 4th. The stock was purchased at an average price of $11.50 per share, for a total transaction of $28,750.00. Following the acquisition, the director now owns 43,446 shares of the company’s stock, valued at approximately $499,629. This trade represents a 6.11 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 5.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum initiated coverage on shares of Daktronics in a research report on Wednesday, January 22nd. They set a “buy” rating and a $26.00 price target on the stock.

Daktronics Stock Up 0.8 %

Shares of DAKT opened at $12.56 on Friday. The company’s 50-day moving average price is $12.99 and its 200 day moving average price is $14.81. Daktronics, Inc. has a 12-month low of $9.23 and a 12-month high of $19.89. The company has a current ratio of 2.35, a quick ratio of 1.67 and a debt-to-equity ratio of 0.40. The firm has a market cap of $657.35 million, a P/E ratio of 50.24, a price-to-earnings-growth ratio of 0.57 and a beta of 1.34.

Daktronics Company 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.