Wells Fargo & Company MN Acquires 52,497 Shares of International Game Technology (IGT)

Wells Fargo & Company MN grew its holdings in International Game Technology (NYSE:IGT) by 91.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 110,039 shares of the company’s stock after buying an additional 52,497 shares during the quarter. Wells Fargo & Company MN owned 0.05% of International Game Technology worth $2,702,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. DekaBank Deutsche Girozentrale increased its position in shares of International Game Technology by 101.1% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 5,790 shares of the company’s stock worth $116,000 after purchasing an additional 2,911 shares in the last quarter. Sigma Planning Corp acquired a new stake in shares of International Game Technology during the 3rd quarter worth about $214,000. Amalgamated Bank increased its position in shares of International Game Technology by 44.7% during the 2nd quarter. Amalgamated Bank now owns 19,558 shares of the company’s stock worth $358,000 after purchasing an additional 6,042 shares in the last quarter. Utah Retirement Systems increased its position in shares of International Game Technology by 15.8% during the 2nd quarter. Utah Retirement Systems now owns 19,800 shares of the company’s stock worth $363,000 after purchasing an additional 2,700 shares in the last quarter. Finally, Lumina Fund Management LLC acquired a new stake in shares of International Game Technology during the 2nd quarter worth about $366,000. Institutional investors own 40.64% of the company’s stock.

Shares of International Game Technology (IGT) opened at $27.79 on Friday. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.84 and a quick ratio of 0.70. The firm has a market cap of $5,625.53, a PE ratio of 16.16 and a beta of 1.56. International Game Technology has a 1 year low of $17.25 and a 1 year high of $29.36.

International Game Technology (NYSE:IGT) last posted its quarterly earnings data on Tuesday, November 14th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.16. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.16 billion. International Game Technology had a negative net margin of 18.62% and a positive return on equity of 10.68%. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.45 EPS. equities research analysts forecast that International Game Technology will post 1.23 earnings per share for the current fiscal year.

A number of equities research analysts recently issued reports on the stock. Deutsche Bank assumed coverage on shares of International Game Technology in a research report on Tuesday, September 26th. They set a “buy” rating and a $30.00 target price for the company. Bank of America increased their target price on shares of International Game Technology from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, November 15th. ValuEngine cut shares of International Game Technology from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, Argus upgraded shares of International Game Technology from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research report on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $30.70.

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International Game Technology Profile

International Game Technology (IGT) is a global gaming company specializing in the design, development, manufacture, and marketing of casino-style gaming equipment, systems technology, and game content across multiple platforms: land-based, online real-money and social gaming. The Company is a supplier of gaming entertainment products worldwide.

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Institutional Ownership by Quarter for International Game Technology (NYSE:IGT)

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