International Game Technology (IGT) Shares Sold by Boston Partners
Boston Partners reduced its stake in shares of International Game Technology (NYSE:IGT) by 8.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 211,429 shares of the company’s stock after selling 18,462 shares during the period. Boston Partners’ holdings in International Game Technology were worth $5,651,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. W. E. Donoghue & Co. LLC purchased a new position in shares of International Game Technology during the 1st quarter valued at $537,000. American Century Companies Inc. grew its holdings in shares of International Game Technology by 38.6% during the 1st quarter. American Century Companies Inc. now owns 655,435 shares of the company’s stock valued at $17,520,000 after acquiring an additional 182,409 shares in the last quarter. Trexquant Investment LP grew its holdings in shares of International Game Technology by 11.9% during the 1st quarter. Trexquant Investment LP now owns 31,924 shares of the company’s stock valued at $853,000 after acquiring an additional 3,403 shares in the last quarter. Stephens Inc. AR grew its holdings in shares of International Game Technology by 12.9% during the 1st quarter. Stephens Inc. AR now owns 23,525 shares of the company’s stock valued at $629,000 after acquiring an additional 2,689 shares in the last quarter. Finally, Castleark Management LLC bought a new stake in International Game Technology in the fourth quarter worth $4,839,000. Institutional investors and hedge funds own 40.41% of the company’s stock.
A number of brokerages recently issued reports on IGT. ValuEngine upgraded shares of International Game Technology from a “buy” rating to a “strong-buy” rating in a report on Monday, April 2nd. Jefferies Group set a $34.00 price objective on shares of International Game Technology and gave the stock a “buy” rating in a report on Friday, March 9th. Finally, Bank of America set a $32.00 price objective on shares of International Game Technology and gave the stock a “buy” rating in a report on Thursday, March 8th. One equities research analyst has rated the stock with a sell rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $32.40.
International Game Technology (NYSE:IGT) last issued its quarterly earnings data on Thursday, March 8th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.37). The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.25 billion. International Game Technology had a positive return on equity of 10.28% and a negative net margin of 21.64%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.88 earnings per share. equities analysts anticipate that International Game Technology will post 1.5 EPS for the current year.
International Game Technology Profile
International Game Technology PLC operates and provides technology products and services across lotteries, electronic gaming machines, sports betting, and interactive gaming markets worldwide. The company operates through: North America Gaming and Interactive, North America Lottery, International, and Italy segments.
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