California State Teachers Retirement System lessened its holdings in International Game Technology (NYSE:IGT) by 6.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 185,839 shares of the company’s stock after selling 13,206 shares during the period. California State Teachers Retirement System owned approximately 0.09% of International Game Technology worth $4,562,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. DekaBank Deutsche Girozentrale lifted its stake in shares of International Game Technology by 101.1% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 5,790 shares of the company’s stock valued at $116,000 after purchasing an additional 2,911 shares during the last quarter. Sigma Planning Corp acquired a new position in shares of International Game Technology in the 3rd quarter valued at $214,000. Pinnacle Associates Ltd. lifted its stake in shares of International Game Technology by 14.4% in the 2nd quarter. Pinnacle Associates Ltd. now owns 11,467 shares of the company’s stock valued at $210,000 after purchasing an additional 1,445 shares during the last quarter. Amalgamated Bank lifted its stake in 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 acquiring an additional 6,042 shares in the last quarter. Finally, Utah Retirement Systems lifted its stake in 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 acquiring an additional 2,700 shares in the last quarter. 40.64% of the stock is currently owned by institutional investors and hedge funds.

International Game Technology (IGT) opened at $26.90 on Friday. International Game Technology has a 12 month low of $17.25 and a 12 month high of $29.36. The company has a current ratio of 0.84, a quick ratio of 0.70 and a debt-to-equity ratio of 2.66. The stock has a market capitalization of $5,390.72, a PE ratio of -5.98 and a beta of 1.56.

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

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 28th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend was Monday, November 27th. International Game Technology’s dividend payout ratio is currently -17.78%.

Several equities analysts recently issued reports on the company. ValuEngine lowered International Game Technology from a “buy” rating to a “hold” rating in a research note on Wednesday. Argus raised International Game Technology from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research note on Wednesday, November 29th. Deutsche Bank increased their target price on International Game Technology to $34.00 and gave the stock a “buy” rating in a research note on Monday, November 20th. Finally, Bank of America increased their target price on International Game Technology from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target 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.

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

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