Aberdeen Asset Management PLC UK lessened its holdings in shares of Luxoft Holding, Inc. (NYSE:LXFT) by 1.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 67,647 shares of the software maker’s stock after selling 700 shares during the period. Aberdeen Asset Management PLC UK owned 0.31% of Luxoft Holding worth $4,117,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Parametric Portfolio Associates LLC increased its position in Luxoft Holding by 53.0% during the first quarter. Parametric Portfolio Associates LLC now owns 58,910 shares of the software maker’s stock worth $3,685,000 after buying an additional 20,396 shares during the period. Oxford Asset Management acquired a new position in Luxoft Holding during the first quarter worth approximately $1,654,000. Clinton Group Inc. increased its position in Luxoft Holding by 20.2% during the first quarter. Clinton Group Inc. now owns 9,045 shares of the software maker’s stock worth $566,000 after buying an additional 1,522 shares during the period. Alliancebernstein L.P. acquired a new position in Luxoft Holding during the first quarter worth approximately $918,000. Finally, AXA increased its position in Luxoft Holding by 4.2% during the first quarter. AXA now owns 265,617 shares of the software maker’s stock worth $16,614,000 after buying an additional 10,617 shares during the period. 80.58% of the stock is currently owned by institutional investors and hedge funds.

Luxoft Holding, Inc. (NYSE LXFT) opened at 49.00 on Friday. Luxoft Holding, Inc. has a 52 week low of $40.15 and a 52 week high of $67.85. The stock has a market capitalization of $1.64 billion, a P/E ratio of 30.66 and a beta of 1.50. The firm has a 50 day moving average price of $52.43 and a 200 day moving average price of $59.39.

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Several research analysts have commented on the company. UBS AG reaffirmed a “neutral” rating and set a $66.00 price target (up previously from $63.00) on shares of Luxoft Holding in a research report on Thursday, May 25th. Berenberg Bank set a $60.00 price target on Luxoft Holding and gave the stock a “buy” rating in a research report on Monday, August 14th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $55.00 price target on shares of Luxoft Holding in a research report on Tuesday, May 23rd. VTB Capital assumed coverage on Luxoft Holding in a research report on Tuesday, August 15th. They set a “buy” rating and a $65.00 price target on the stock. Finally, Cowen and Company lifted their price target on Luxoft Holding from $65.00 to $68.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 24th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $64.38.

About Luxoft Holding

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

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