Nomura Holdings Inc. purchased a new position in International Game Technology (NYSE:IGT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 163,347 shares of the company’s stock, valued at approximately $2,994,000. Nomura Holdings Inc. owned 0.08% of International Game Technology at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in IGT. Renaissance Technologies LLC increased its stake in International Game Technology by 104.8% in the 2nd quarter. Renaissance Technologies LLC now owns 2,791,500 shares of the company’s stock worth $51,084,000 after purchasing an additional 1,428,700 shares during the period. Peregrine Capital Management LLC purchased a new position in International Game Technology in the 2nd quarter worth approximately $20,764,000. FMR LLC increased its stake in International Game Technology by 37.8% in the 1st quarter. FMR LLC now owns 2,402,519 shares of the company’s stock worth $56,940,000 after purchasing an additional 659,564 shares during the period. Goldman Sachs Group Inc. increased its stake in International Game Technology by 9.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 4,280,449 shares of the company’s stock worth $78,332,000 after purchasing an additional 386,229 shares during the period. Finally, Vanguard Group Inc. increased its stake in International Game Technology by 14.1% in the 2nd quarter. Vanguard Group Inc. now owns 2,591,247 shares of the company’s stock worth $47,420,000 after purchasing an additional 320,244 shares during the period. 39.01% of the stock is currently owned by institutional investors and hedge funds.
IGT has been the topic of a number of analyst reports. Deutsche Bank AG initiated coverage on International Game Technology in a research note on Tuesday, September 26th. They issued a “buy” rating and a $30.00 price target on the stock. Bank of America Corporation raised International Game Technology from a “neutral” rating to a “buy” rating and boosted their target price for the company from $24.00 to $30.00 in a research note on Wednesday, September 20th. ValuEngine raised International Game Technology from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, BidaskClub raised International Game Technology from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. One 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. International Game Technology has a consensus rating of “Hold” and a consensus price target of $28.13.
International Game Technology (NYSE:IGT) traded down 0.38% during trading on Friday, hitting $23.31. The stock had a trading volume of 152,291 shares. International Game Technology has a 12 month low of $17.25 and a 12 month high of $32.07. The stock has a 50 day moving average price of $22.46 and a 200-day moving average price of $20.79. The stock’s market cap is $4.73 billion.
International Game Technology (NYSE:IGT) last announced its quarterly earnings results on Tuesday, August 1st. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.17). International Game Technology had a negative net margin of 2.28% and a positive return on equity of 10.35%. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the business posted $0.43 earnings per share. The company’s revenue was down 5.1% compared to the same quarter last year. On average, equities analysts predict that International Game Technology will post $1.18 EPS for the current year.
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International Game Technology Company 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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