Quantbot Technologies LP acquired a new stake in Luxoft Holding, Inc. (NYSE:LXFT) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 11,509 shares of the software maker’s stock, valued at approximately $550,000. Quantbot Technologies LP owned about 0.05% of Luxoft Holding as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of LXFT. Alliancebernstein L.P. bought a new stake in shares of Luxoft Holding during the first quarter worth $918,000. California Public Employees Retirement System raised its position in shares of Luxoft Holding by 20.7% during the first quarter. California Public Employees Retirement System now owns 24,500 shares of the software maker’s stock worth $1,532,000 after acquiring an additional 4,200 shares during the last quarter. Legal & General Group Plc raised its position in shares of Luxoft Holding by 13.2% during the first quarter. Legal & General Group Plc now owns 6,000 shares of the software maker’s stock worth $375,000 after acquiring an additional 700 shares during the last quarter. Dimensional Fund Advisors LP bought a new stake in shares of Luxoft Holding during the first quarter worth $3,568,000. Finally, UBS Group AG raised its position in shares of Luxoft Holding by 105.4% during the first quarter. UBS Group AG now owns 6,133 shares of the software maker’s stock worth $384,000 after acquiring an additional 3,147 shares during the last quarter. Hedge funds and other institutional investors own 78.81% of the company’s stock.

Shares of Luxoft Holding, Inc. (NYSE:LXFT) opened at $52.80 on Friday. Luxoft Holding, Inc. has a 52-week low of $40.15 and a 52-week high of $67.85. The firm has a market capitalization of $1,770.00, a price-to-earnings ratio of 24.93 and a beta of 1.45.

A number of equities research analysts have recently weighed in on LXFT shares. VTB Capital started coverage on Luxoft Holding in a research report on Tuesday, August 15th. They set a “buy” rating and a $65.00 target price for the company. Berenberg Bank set a $60.00 target price on Luxoft Holding and gave the stock a “buy” rating in a research report on Monday, August 14th. Cowen Inc set a $63.00 target price on Luxoft Holding and gave the stock a “buy” rating in a research report on Friday, August 11th. KeyCorp restated a “hold” rating on shares of Luxoft Holding in a research report on Friday, November 3rd. Finally, BidaskClub upgraded Luxoft Holding from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $59.50.

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About Luxoft Holding

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 Holding (NYSE:LXFT)

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