Hartwell J M Limited Partnership reduced its holdings in shares of Luxoft Holding Inc (NYSE:LXFT) by 66.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 117,270 shares of the software maker’s stock after selling 229,850 shares during the quarter. Luxoft makes up approximately 1.2% of Hartwell J M Limited Partnership’s holdings, making the stock its 15th largest holding. Hartwell J M Limited Partnership’s holdings in Luxoft were worth $6,532,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. NWQ Investment Management Company LLC grew its stake in Luxoft by 90.5% during the 3rd quarter. NWQ Investment Management Company LLC now owns 603,218 shares of the software maker’s stock valued at $28,834,000 after purchasing an additional 286,497 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Luxoft by 100.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 245,276 shares of the software maker’s stock valued at $11,724,000 after purchasing an additional 123,126 shares during the last quarter. FMR LLC grew its stake in Luxoft by 5.4% during the 2nd quarter. FMR LLC now owns 2,058,143 shares of the software maker’s stock valued at $125,239,000 after purchasing an additional 105,039 shares during the last quarter. Wasatch Advisors Inc. grew its stake in Luxoft by 5.3% during the 2nd quarter. Wasatch Advisors Inc. now owns 1,645,647 shares of the software maker’s stock valued at $100,138,000 after purchasing an additional 82,333 shares during the last quarter. Finally, Citadel Advisors LLC grew its stake in Luxoft by 249.6% during the 3rd quarter. Citadel Advisors LLC now owns 104,165 shares of the software maker’s stock valued at $4,979,000 after purchasing an additional 74,368 shares during the last quarter. 50.65% of the stock is currently owned by institutional investors.

Shares of Luxoft Holding Inc (LXFT) traded up $0.95 on Monday, hitting $57.45. The stock had a trading volume of 202,100 shares, compared to its average volume of 276,054. Luxoft Holding Inc has a 1 year low of $40.15 and a 1 year high of $67.85. The stock has a market capitalization of $1,935.89, a P/E ratio of 34.40 and a beta of 1.48.

Luxoft (NYSE:LXFT) last issued its earnings results on Thursday, November 16th. The software maker reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.13. Luxoft had a return on equity of 17.81% and a net margin of 6.72%. research analysts predict that Luxoft Holding Inc will post 2.18 earnings per share for the current fiscal year.

LXFT has been the topic of several research analyst reports. BidaskClub downgraded Luxoft from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Zacks Investment Research downgraded Luxoft from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 15th. Pivotal Research began coverage on Luxoft in a research note on Tuesday, December 5th. They set a “buy” rating and a $70.00 price target on the stock. KeyCorp upgraded Luxoft from a “sector weight” rating to an “overweight” rating in a research note on Tuesday, December 5th. Finally, UBS Group upped their target price on Luxoft from $51.00 to $55.00 and gave the stock a “neutral” rating in a research note on Monday, November 20th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $63.00.

TRADEMARK VIOLATION WARNING: “Luxoft Holding Inc (LXFT) Position Cut by Hartwell J M Limited Partnership” was originally published by Watch List News and is the property of of Watch List News. If you are viewing this news story on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The legal version of this news story can be accessed at https://www.watchlistnews.com/luxoft-holding-inc-lxft-position-cut-by-hartwell-j-m-limited-partnership/1818177.html.

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.

Want to see what other hedge funds are holding LXFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Luxoft Holding Inc (NYSE:LXFT).

Institutional Ownership by Quarter for Luxoft (NYSE:LXFT)

Receive News & Ratings for Luxoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Luxoft and related companies with MarketBeat.com's FREE daily email newsletter.