Luxoft Holding, Inc. (LXFT) Holdings Cut by Guardian Capital LP

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.

A number of research analysts recently commented on the company. Credit Suisse Group lowered Luxoft from a “neutral” rating to an “underperform” rating in a research note on Thursday, September 7th. BidaskClub lowered Luxoft from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Zacks Investment Research lowered Luxoft from a “buy” rating to a “strong sell” rating in a research note on Wednesday, August 16th. UBS upped their target price on Luxoft from $51.00 to $55.00 and gave the company a “neutral” rating in a research note on Monday, November 20th. Finally, Cowen restated a “buy” rating and issued a $63.00 target price on shares of Luxoft in a research note on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $60.75.

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About Luxoft

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 (NYSE:LXFT)

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