Principal Financial Group Inc. Sells 1,468 Shares of International Game Technology PLC (NYSE:IGT)

Principal Financial Group Inc. decreased its position in shares of International Game Technology PLC (NYSE:IGTFree Report) by 11.4% during the third quarter, HoldingsChannel reports. The fund owned 11,359 shares of the company’s stock after selling 1,468 shares during the quarter. Principal Financial Group Inc.’s holdings in International Game Technology were worth $344,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. CWM LLC lifted its position in shares of International Game Technology by 166.5% during the third quarter. CWM LLC now owns 898 shares of the company’s stock worth $27,000 after purchasing an additional 561 shares during the last quarter. Allworth Financial LP increased its stake in International Game Technology by 770.0% in the 3rd quarter. Allworth Financial LP now owns 957 shares of the company’s stock worth $29,000 after buying an additional 847 shares during the period. Parkside Financial Bank & Trust lifted its holdings in International Game Technology by 84.9% during the 1st quarter. Parkside Financial Bank & Trust now owns 1,163 shares of the company’s stock valued at $29,000 after buying an additional 534 shares in the last quarter. Industrial Alliance Investment Management Inc. purchased a new stake in International Game Technology in the 2nd quarter valued at about $37,000. Finally, VisionPoint Advisory Group LLC bought a new position in International Game Technology in the 2nd quarter worth about $45,000. 44.33% of the stock is owned by hedge funds and other institutional investors.

International Game Technology Price Performance

Shares of NYSE IGT opened at $27.00 on Tuesday. The company has a debt-to-equity ratio of 2.76, a quick ratio of 0.96 and a current ratio of 1.13. The firm has a fifty day moving average of $26.61 and a 200 day moving average of $28.79. The firm has a market cap of $5.38 billion, a PE ratio of 56.25 and a beta of 1.96. International Game Technology PLC has a one year low of $22.30 and a one year high of $33.99.

Analyst Ratings Changes

A number of brokerages have weighed in on IGT. Susquehanna decreased their target price on International Game Technology from $50.00 to $48.00 and set a “positive” rating for the company in a research report on Thursday, November 2nd. StockNews.com raised shares of International Game Technology from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Stifel Nicolaus cut their target price on shares of International Game Technology from $39.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, November 1st. Truist Financial lowered their price target on shares of International Game Technology from $37.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, November 1st. Finally, Jefferies Financial Group reissued a “hold” rating and set a $29.00 price objective (down from $36.00) on shares of International Game Technology in a report on Thursday, January 4th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $41.29.

View Our Latest Report on International Game Technology

About International Game Technology

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International Game Technology PLC operates and provides gaming technology products and services in North America, Europe, the Middle East, Africa, Asia-Pacific, Latin America, and the Caribbean. It operates in three segments: Global Lottery, Global Gaming, and Digital & Betting. The company designs, sells, operates, and leases a suite of point-of-sale machines that reconciles lottery funds between the retailer and lottery authority; provides online lottery transaction processing systems; produces instant ticket games; and offers printing services, such as instant ticket marketing plans and graphic design, programming, packaging, shipping, and delivery services, as well as iLottery solutions and services.

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

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