Candriam Luxembourg S.C.A. Lowers Stake in Luxoft Holding, Inc. (LXFT)

Candriam Luxembourg S.C.A. cut its position in shares of Luxoft Holding, Inc. (NYSE:LXFT) by 23.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,000 shares of the software maker’s stock after selling 3,000 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Luxoft Holding were worth $478,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. D.A. Davidson & CO. grew its position in Luxoft Holding by 9.1% in the second quarter. D.A. Davidson & CO. now owns 2,019 shares of the software maker’s stock valued at $122,000 after acquiring an additional 168 shares during the period. Bank of America Corp DE boosted its stake in Luxoft Holding by 305.1% in the first quarter. Bank of America Corp DE now owns 2,228 shares of the software maker’s stock worth $139,000 after purchasing an additional 1,678 shares in the last quarter. Pacad Investment Ltd. boosted its stake in Luxoft Holding by 50.0% in the second quarter. Pacad Investment Ltd. now owns 3,300 shares of the software maker’s stock worth $201,000 after purchasing an additional 1,100 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Luxoft Holding by 182.0% in the second quarter. Wells Fargo & Company MN now owns 3,432 shares of the software maker’s stock worth $209,000 after purchasing an additional 2,215 shares in the last quarter. Finally, Trexquant Investment LP acquired a new position in Luxoft Holding in the second quarter worth $210,000. Institutional investors and hedge funds own 78.81% of the company’s stock.

A number of research firms have commented on LXFT. UBS AG boosted their price objective on Luxoft Holding from $51.00 to $55.00 and gave the stock a “neutral” rating in a research note on Monday. Berenberg Bank set a $60.00 price target on Luxoft Holding and gave the company a “buy” rating in a research note on Monday, August 14th. Zacks Investment Research lowered Luxoft Holding from a “buy” rating to a “strong sell” rating in a research note on Wednesday, August 16th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $47.00 price target on shares of Luxoft Holding in a research note on Friday. Finally, VTB Capital started coverage on Luxoft Holding in a research note on Tuesday, August 15th. They set a “buy” rating and a $65.00 price target on the stock. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $59.50.

Luxoft Holding, Inc. (NYSE LXFT) opened at $51.95 on Tuesday. Luxoft Holding, Inc. has a one year low of $40.15 and a one year high of $67.85. The firm has a market capitalization of $1,177.62, a PE ratio of 25.45 and a beta of 1.45.

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Luxoft Holding Company Profile

Luxoft Holding, Inc, is a provider of software development services and information technology (IT) solutions to a global client base consisting primarily of large multinational corporations. The Company’s software development services consist of custom software development and support, product engineering and testing, and technology consulting.

Institutional Ownership by Quarter for Luxoft Holding (NYSE:LXFT)

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