Sei Investments Co. lowered its stake in Luxoft Holding, Inc. (NYSE:LXFT) by 63.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,100 shares of the software maker’s stock after selling 3,700 shares during the quarter. Sei Investments Co.’s holdings in Luxoft were worth $100,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. D.A. Davidson & CO. raised its holdings 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 valued at $122,000 after purchasing an additional 168 shares during the last quarter. Bank of America Corp DE increased its holdings in Luxoft by 305.1% during 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 during the last quarter. Pacad Investment Ltd. increased its holdings in Luxoft by 50.0% during 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 during the last quarter. Wells Fargo & Company MN increased its holdings in Luxoft by 182.0% during 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 during the last quarter. Finally, Trexquant Investment LP acquired a new position in Luxoft during the second quarter worth $210,000. Institutional investors own 52.56% of the company’s stock.

A number of equities analysts recently weighed in on LXFT shares. Pivotal Research started coverage on shares of Luxoft in a report on Tuesday, December 5th. They set a “buy” rating and a $70.00 target price on the stock. Cowen restated a “buy” rating and set a $63.00 target price on shares of Luxoft in a report on Thursday, October 12th. BidaskClub upgraded shares of Luxoft from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. KeyCorp reiterated a “hold” rating on shares of Luxoft in a report on Thursday, September 28th. Finally, Cantor Fitzgerald reiterated a “hold” rating and issued a $47.00 price objective on shares of Luxoft in a report on Friday, November 17th. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $60.75.

Luxoft Holding, Inc. (NYSE LXFT) opened at $54.60 on Monday. The company has a market cap of $1,839.86, a price-to-earnings ratio of 26.12 and a beta of 1.48. Luxoft Holding, Inc. has a fifty-two week low of $40.15 and a fifty-two week high of $67.85.

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Luxoft 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 (NYSE:LXFT)

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