International Game Technology (IGT) Shares Bought by Zweig DiMenna Associates LLC

Zweig DiMenna Associates LLC lifted its stake in International Game Technology (NYSE:IGT) by 77.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 350,159 shares of the company’s stock after acquiring an additional 153,300 shares during the quarter. Zweig DiMenna Associates LLC owned approximately 0.17% of International Game Technology worth $8,596,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its stake in shares of International Game Technology by 38.9% in the first quarter. PNC Financial Services Group Inc. now owns 4,989 shares of the company’s stock worth $118,000 after acquiring an additional 1,398 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of International Game Technology in the first quarter worth $125,000. Pinnacle Associates Ltd. increased its stake in shares of International Game Technology by 14.4% in the second quarter. Pinnacle Associates Ltd. now owns 11,467 shares of the company’s stock worth $210,000 after acquiring an additional 1,445 shares during the last quarter. Cadence Capital Management LLC increased its stake in shares of International Game Technology by 18.2% in the second quarter. Cadence Capital Management LLC now owns 12,670 shares of the company’s stock worth $232,000 after acquiring an additional 1,948 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of International Game Technology in the second quarter worth $273,000. 37.81% of the stock is currently owned by institutional investors and hedge funds.

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A number of equities analysts have recently weighed in on IGT shares. BidaskClub raised shares of International Game Technology from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. ValuEngine downgraded shares of International Game Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Bank of America Corporation raised shares of International Game Technology from a “neutral” rating to a “buy” rating and upped their price target for the stock from $24.00 to $30.00 in a research note on Wednesday, September 20th. Finally, Deutsche Bank AG started coverage on shares of 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. 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 company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $28.13.

International Game Technology (NYSE:IGT) traded down $0.28 during trading on Friday, reaching $23.80. 1,409,200 shares of the company’s stock traded hands, compared to its average volume of 1,925,383. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.85 and a quick ratio of 0.71. The firm has a market capitalization of $4,817.83, a P/E ratio of 13.45 and a beta of 1.45. International Game Technology has a 52-week low of $17.25 and a 52-week high of $32.07.

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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