Wealth Enhancement Advisory Services LLC Makes New Investment in Daktronics, Inc. (NASDAQ:DAKT)

Wealth Enhancement Advisory Services LLC purchased a new stake in Daktronics, Inc. (NASDAQ:DAKT) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 751,191 shares of the technology company’s stock, valued at approximately $7,482,000. Wealth Enhancement Advisory Services LLC owned 1.63% of Daktronics as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in DAKT. Invesco Ltd. grew its stake in Daktronics by 21.0% in the third quarter. Invesco Ltd. now owns 761,239 shares of the technology company’s stock valued at $6,790,000 after acquiring an additional 132,223 shares during the period. Trexquant Investment LP increased its stake in Daktronics by 105.2% during the 3rd quarter. Trexquant Investment LP now owns 62,886 shares of the technology company’s stock worth $561,000 after purchasing an additional 32,241 shares in the last quarter. Caxton Associates LP raised its holdings in Daktronics by 51.8% during the 3rd quarter. Caxton Associates LP now owns 24,448 shares of the technology company’s stock worth $218,000 after buying an additional 8,346 shares during the period. Quadrature Capital Ltd lifted its stake in Daktronics by 29.3% in the third quarter. Quadrature Capital Ltd now owns 41,663 shares of the technology company’s stock valued at $371,000 after buying an additional 9,451 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of Daktronics by 5.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 478,204 shares of the technology company’s stock valued at $4,266,000 after buying an additional 23,469 shares during the period. 61.69% of the stock is currently owned by institutional investors.

Daktronics Trading Up 3.6 %

DAKT opened at $13.95 on Monday. The stock has a market capitalization of $645.89 million, a P/E ratio of 22.87, a P/E/G ratio of 0.55 and a beta of 1.06. The company has a current ratio of 2.09, a quick ratio of 1.38 and a debt-to-equity ratio of 0.31. Daktronics, Inc. has a 12 month low of $5.99 and a 12 month high of $14.58. The firm’s fifty day simple moving average is $11.01 and its 200 day simple moving average is $9.44.

About Daktronics

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.