Guardian Capital LP lowered its stake in shares of Luxoft Holding, Inc. (NYSE:LXFT) by 37.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,245 shares of the software maker’s stock after selling 14,750 shares during the quarter. Guardian Capital LP owned about 0.11% of Luxoft worth $1,159,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the business. AXA boosted its position in shares of Luxoft by 11.1% in the second quarter. AXA now owns 294,979 shares of the software maker’s stock valued at $17,949,000 after acquiring an additional 29,362 shares during the period. Dimensional Fund Advisors LP bought a new stake in shares of Luxoft in the first quarter valued at approximately $3,568,000. Dupont Capital Management Corp boosted its position in shares of Luxoft by 23.7% in the third quarter. Dupont Capital Management Corp now owns 11,577 shares of the software maker’s stock valued at $553,000 after acquiring an additional 2,221 shares during the period. FMR LLC boosted its position in shares of Luxoft by 5.4% in the second quarter. FMR LLC now owns 2,058,143 shares of the software maker’s stock valued at $125,239,000 after acquiring an additional 105,039 shares during the period. Finally, Wasatch Advisors Inc. boosted its position in shares of Luxoft by 5.3% in the second quarter. Wasatch Advisors Inc. now owns 1,645,647 shares of the software maker’s stock valued at $100,138,000 after acquiring an additional 82,333 shares during the period. 52.56% of the stock is owned by hedge funds and other institutional investors.
Shares of Luxoft Holding, Inc. (LXFT) traded up $0.25 during midday trading on Thursday, hitting $53.80. The company had a trading volume of 113,100 shares, compared to its average volume of 212,960. The firm has a market capitalization of $1,804.47, a price-to-earnings ratio of 25.62 and a beta of 1.48. Luxoft Holding, Inc. has a twelve month low of $40.15 and a twelve month high of $67.85.
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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.
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