BT Investment Management Ltd purchased a new stake in shares of Luxoft Holding, Inc. (NYSE:LXFT) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 4,900 shares of the software maker’s stock, valued at approximately $298,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jacobson & Schmitt Advisors LLC grew its position in shares of Luxoft Holding by 0.3% during the 2nd quarter. Jacobson & Schmitt Advisors LLC now owns 66,435 shares of the software maker’s stock valued at $4,043,000 after purchasing an additional 171 shares in the last quarter. Janney Capital Management LLC grew its position in shares of Luxoft Holding by 8.8% during 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 in the last quarter. Legal & General Group Plc grew its position in shares of Luxoft Holding by 13.2% during the 1st quarter. Legal & General Group Plc now owns 6,000 shares of the software maker’s stock valued at $375,000 after purchasing an additional 700 shares in the last quarter. Pacad Investment Ltd. grew its position in shares of Luxoft Holding by 50.0% during the 2nd quarter. Pacad Investment Ltd. now owns 3,300 shares of the software maker’s stock valued at $201,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Goelzer Investment Management Inc. grew its position in shares of Luxoft Holding by 6.3% during 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 in the last quarter. Hedge funds and other institutional investors own 80.02% of the company’s stock.

LXFT has been the subject of several research reports. VTB Capital initiated coverage on shares of Luxoft Holding in a research report on Tuesday, August 15th. They issued a “buy” rating and a $65.00 target price for the company. Berenberg Bank set a $60.00 target price on shares of Luxoft Holding and gave the stock a “buy” rating in a research report on Monday, August 14th. Cowen and Company set a $63.00 target price on shares of Luxoft Holding and gave the stock a “buy” rating in a research report on Friday, August 11th. BidaskClub lowered shares of Luxoft Holding from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. Finally, UBS AG reiterated a “neutral” rating and issued a $66.00 target price (up from $63.00) on shares of Luxoft Holding in a research report on Thursday, May 25th. Three analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $64.38.

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Shares of Luxoft Holding, Inc. (NYSE:LXFT) opened at 47.55 on Friday. The firm’s 50-day moving average is $51.56 and its 200 day moving average is $59.24. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 29.76 and a beta of 1.50. Luxoft Holding, Inc. has a 52-week low of $40.15 and a 52-week high of $67.85.

Luxoft Holding 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.

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

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