State of Alaska Department of Revenue Invests $169,000 in International Game Technology (IGT)

State of Alaska Department of Revenue acquired a new stake in International Game Technology (NYSE:IGT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,400 shares of the company’s stock, valued at approximately $169,000.

Several other institutional investors also recently bought and sold shares of IGT. Northern Trust Corp boosted its holdings in shares of International Game Technology by 0.3% in the second quarter. Northern Trust Corp now owns 287,236 shares of the company’s stock valued at $5,257,000 after acquiring an additional 887 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of International Game Technology by 14.1% in the second quarter. Vanguard Group Inc. now owns 2,591,247 shares of the company’s stock valued at $47,420,000 after acquiring an additional 320,244 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of International Game Technology by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,921,569 shares of the company’s stock valued at $35,167,000 after acquiring an additional 12,899 shares in the last quarter. Voya Investment Management LLC boosted its holdings in shares of International Game Technology by 5.3% in the second quarter. Voya Investment Management LLC now owns 30,256 shares of the company’s stock valued at $554,000 after acquiring an additional 1,510 shares in the last quarter. Finally, Balyasny Asset Management LLC bought a new position in shares of International Game Technology in the second quarter valued at approximately $1,457,000. Institutional investors and hedge funds own 40.63% of the company’s stock.

IGT has been the subject of several recent analyst reports. Bank of America increased their price objective on shares of International Game Technology from $30.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, November 15th. Deutsche Bank increased their price objective on shares of International Game Technology to $34.00 and gave the company a “buy” rating in a report on Monday, November 20th. ValuEngine cut shares of International Game Technology from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, Argus raised 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 note on Wednesday, November 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $30.70.

Shares of International Game Technology (NYSE:IGT) opened at $26.61 on Friday. International Game Technology has a one year low of $17.25 and a one year high of $29.89. The company has a market cap of $5,562.79, a P/E ratio of 15.98 and a beta of 1.57. The company has a current ratio of 0.84, a quick ratio of 0.70 and a debt-to-equity ratio of 2.66.

International Game Technology (NYSE:IGT) last released its earnings results on Tuesday, November 14th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.24 by $0.16. International Game Technology had a negative net margin of 18.62% and a positive return on equity of 10.68%. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the business earned $0.45 earnings per share. The business’s quarterly revenue was down 3.6% on a year-over-year basis. equities analysts predict that International Game Technology will post 1.23 EPS for the current year.

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About International Game Technology

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.

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

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