Barings LLC maintained its position in International Game Technology (NYSE:IGT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,100 shares of the company’s stock at the close of the 2nd quarter. Barings LLC’s holdings in International Game Technology were worth $405,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its holdings in International Game Technology by 9.9% in the second quarter. Goldman Sachs Group Inc. now owns 4,280,449 shares of the company’s stock valued at $78,332,000 after purchasing an additional 386,229 shares during the last quarter. Renaissance Technologies LLC increased its holdings in International Game Technology by 104.8% in the second quarter. Renaissance Technologies LLC now owns 2,791,500 shares of the company’s stock valued at $51,084,000 after purchasing an additional 1,428,700 shares during the last quarter. Vanguard Group Inc. increased its holdings in 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 purchasing an additional 320,244 shares during the last quarter. FMR LLC increased its holdings in International Game Technology by 37.8% in the first quarter. FMR LLC now owns 2,402,519 shares of the company’s stock valued at $56,940,000 after purchasing an additional 659,564 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in 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 purchasing an additional 12,899 shares during the last quarter. Institutional investors and hedge funds own 38.98% of the company’s stock.

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Shares of International Game Technology (NYSE IGT) opened at 23.37 on Wednesday. International Game Technology has a one year low of $17.25 and a one year high of $32.07. The company’s market capitalization is $4.74 billion. The firm has a 50 day moving average price of $22.62 and a 200 day moving average price of $20.75.

International Game Technology (NYSE:IGT) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.17). The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.20 billion. International Game Technology had a negative net margin of 2.28% and a positive return on equity of 10.35%. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.43 earnings per share. On average, equities research analysts predict that International Game Technology will post $1.18 EPS for the current fiscal year.

A number of research firms recently commented on IGT. Deutsche Bank AG initiated coverage on International Game Technology in a report on Tuesday, September 26th. They issued a “buy” rating and a $30.00 price objective for the company. Bank of America Corporation upgraded International Game Technology from a “neutral” rating to a “buy” rating and increased their price target for the stock from $24.00 to $30.00 in a report on Wednesday, September 20th. ValuEngine upgraded International Game Technology from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, BidaskClub downgraded International Game Technology from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $28.13.

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.

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

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