Legal & General Group Plc Grows Stake in Luxoft Holding, Inc. (LXFT)

Legal & General Group Plc lifted its position in shares of Luxoft Holding, Inc. (NYSE:LXFT) by 18.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,100 shares of the software maker’s stock after buying an additional 1,100 shares during the quarter. Legal & General Group Plc’s holdings in Luxoft Holding were worth $432,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in LXFT. Janney Capital Management LLC raised its stake in Luxoft Holding by 8.8% in the 2nd quarter. Janney Capital Management LLC now owns 5,073 shares of the software maker’s stock valued at $308,000 after purchasing an additional 412 shares during the last quarter. Goelzer Investment Management Inc. raised its stake in Luxoft Holding by 6.3% in the 2nd quarter. Goelzer Investment Management Inc. now owns 23,016 shares of the software maker’s stock valued at $1,401,000 after purchasing an additional 1,361 shares during the last quarter. Bank of America Corp DE raised its stake in Luxoft Holding by 305.1% in the 1st quarter. Bank of America Corp DE now owns 2,228 shares of the software maker’s stock valued at $139,000 after purchasing an additional 1,678 shares during the last quarter. UBS Group AG raised its stake in Luxoft Holding by 105.4% in the 1st quarter. UBS Group AG now owns 6,133 shares of the software maker’s stock valued at $384,000 after purchasing an additional 3,147 shares during the last quarter. Finally, Two Sigma Securities LLC acquired a new position in Luxoft Holding in the 1st quarter valued at about $204,000. 80.02% of the stock is owned by institutional investors and hedge funds.

Shares of Luxoft Holding, Inc. (NYSE LXFT) opened at 47.00 on Friday. The stock has a market cap of $1.58 billion, a PE ratio of 29.41 and a beta of 1.47. The firm has a 50-day moving average price of $48.20 and a 200 day moving average price of $58.25. Luxoft Holding, Inc. has a 12-month low of $40.15 and a 12-month high of $67.85.

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Several research analysts recently weighed in on the stock. BidaskClub downgraded shares of Luxoft Holding from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Cowen and Company set a $68.00 target price on shares of Luxoft Holding and gave the company a “buy” rating in a research note on Friday, June 16th. Berenberg Bank set a $60.00 target price on shares of Luxoft Holding and gave the company a “buy” rating in a research note on Monday, August 14th. Zacks Investment Research downgraded shares of Luxoft Holding from a “buy” rating to a “strong sell” rating in a research note on Wednesday, August 16th. Finally, KeyCorp reissued a “hold” rating on shares of Luxoft Holding in a research note on Thursday, September 28th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $65.14.

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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