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.

Several equities analysts recently commented on LXFT shares. Credit Suisse Group lowered Luxoft from a “neutral” rating to an “underperform” rating in a research note on Thursday, September 7th. BidaskClub lowered Luxoft from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Zacks Investment Research lowered Luxoft from a “buy” rating to a “strong sell” rating in a research note on Wednesday, August 16th. UBS upped their target price on Luxoft from $51.00 to $55.00 and gave the company a “neutral” rating in a research note on Monday, November 20th. Finally, Cowen restated a “buy” rating and set a $63.00 price target on shares of Luxoft in a research note on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $60.75.

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Luxoft 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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