Luxoft Holding, Inc. (LXFT) Stake Boosted by Trexquant Investment LP

Trexquant Investment LP lifted its holdings in Luxoft Holding, Inc. (NYSE:LXFT) by 64.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,663 shares of the software maker’s stock after acquiring an additional 2,218 shares during the period. Trexquant Investment LP’s holdings in Luxoft were worth $271,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. D.A. Davidson & CO. boosted its stake in shares of Luxoft by 9.1% in the second quarter. D.A. Davidson & CO. now owns 2,019 shares of the software maker’s stock worth $122,000 after acquiring an additional 168 shares during the period. Bank of America Corp DE lifted its position in shares of Luxoft 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 buying an additional 1,678 shares in the last quarter. Pacad Investment Ltd. lifted its position in shares of Luxoft 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 buying an additional 1,100 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Luxoft 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 buying an additional 2,215 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D purchased a new stake in shares of Luxoft in the second quarter worth about $237,000. 52.56% of the stock is owned by hedge funds and other institutional investors.

Shares of Luxoft Holding, Inc. (LXFT) traded up $1.05 during mid-day trading on Thursday, reaching $52.95. The company’s stock had a trading volume of 246,600 shares, compared to its average volume of 212,405. Luxoft Holding, Inc. has a fifty-two week low of $40.15 and a fifty-two week high of $67.85. The stock has a market capitalization of $1,748.87, a P/E ratio of 24.83 and a beta of 1.48.

LXFT has been the topic of a number of research analyst reports. Wedbush downgraded Luxoft from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $60.80 to $67.00 in a research report on Friday, August 11th. Cowen set a $63.00 target price on Luxoft and gave the stock a “buy” rating in a research report on Friday, August 11th. Berenberg Bank set a $60.00 target price on Luxoft and gave the stock a “buy” rating in a research report on Monday, August 14th. VTB Capital initiated coverage on Luxoft in a research report on Tuesday, August 15th. They issued a “buy” rating and a $65.00 target price on the stock. Finally, Zacks Investment Research downgraded Luxoft from a “buy” rating to a “strong sell” rating in a research report on Wednesday, August 16th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. Luxoft has an average rating of “Hold” and an average target price of $60.75.

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Luxoft 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 (NYSE:LXFT)

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