Allianz Asset Management GmbH Has $30.47 Million Stake in Luxoft Holding, Inc. (LXFT)
Allianz Asset Management GmbH raised its stake in Luxoft Holding, Inc. (NYSE:LXFT) by 0.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 637,539 shares of the software maker’s stock after acquiring an additional 1,522 shares during the quarter. Allianz Asset Management GmbH owned approximately 2.88% of Luxoft worth $30,474,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in 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 worth $122,000 after acquiring an additional 168 shares during the last quarter. Bank of America Corp DE increased its stake in Luxoft by 305.1% in the first 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. Pacad Investment Ltd. increased its stake in Luxoft by 50.0% in the second 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 during the last quarter. Wells Fargo & Company MN increased its stake in Luxoft by 182.0% in the second quarter. Wells Fargo & Company MN now owns 3,432 shares of the software maker’s stock valued at $209,000 after purchasing an additional 2,215 shares during the last quarter. Finally, Trexquant Investment LP acquired a new position in Luxoft in the second quarter valued at $210,000. 52.56% of the stock is owned by institutional investors.
Shares of Luxoft Holding, Inc. (LXFT) opened at $53.15 on Friday. Luxoft Holding, Inc. has a 1 year low of $40.15 and a 1 year high of $67.85. The firm has a market capitalization of $1,791.00, a PE ratio of 25.43 and a beta of 1.48.
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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