Northern Trust Corp lifted its stake in Luxoft Holding, Inc. (NYSE:LXFT) by 5.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,584 shares of the software maker’s stock after buying an additional 1,934 shares during the period. Northern Trust Corp owned approximately 0.16% of Luxoft worth $2,105,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Standard Life Investments LTD lifted its stake in shares of Luxoft by 153.9% in the 2nd quarter. Standard Life Investments LTD now owns 330,669 shares of the software maker’s stock worth $20,114,000 after acquiring an additional 200,442 shares during the period. Dimensional Fund Advisors LP acquired a new stake in shares of Luxoft in the first quarter valued at about $3,568,000. AXA lifted its stake 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 purchasing an additional 29,362 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Luxoft in the second quarter valued at about $926,000. Finally, Alliancebernstein L.P. acquired a new stake in shares of Luxoft in the first quarter valued at about $918,000. 79.35% of the stock is currently owned by hedge funds and other institutional investors.

LXFT has been the subject of several recent analyst reports. VTB Capital initiated coverage on shares of Luxoft in a research note on Tuesday, August 15th. They issued a “buy” rating and a $65.00 price objective for the company. Berenberg Bank set a $60.00 target price on shares of Luxoft and gave the stock a “buy” rating in a research report on Monday, August 14th. Cowen set a $63.00 target price on shares of Luxoft and gave the stock a “buy” rating in a research report on Friday, August 11th. KeyCorp restated a “hold” rating on shares of Luxoft in a research report on Friday, November 3rd. Finally, BidaskClub upgraded shares of Luxoft from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $59.43.

Shares of Luxoft Holding, Inc. (LXFT) traded up $0.25 during midday trading on Thursday, hitting $54.05. 330,800 shares of the stock were exchanged, compared to its average volume of 212,684. The stock has a market capitalization of $1,812.90, a P/E ratio of 25.74 and a beta of 1.45. Luxoft Holding, Inc. has a 1-year low of $40.15 and a 1-year high of $67.85.

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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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