Bloom Tree Partners Llc Lowered Its Position in Luxoft Hldg Inc (NYSE:LXFT) as Price Declined

May 16, 2018 - By Richard Doty

Luxoft Holding, Inc. (NYSE:LXFT) Corporate Logo

In 2018Q1 Securities and Exchange filling is reported Alok Agrawal’s stake in Luxoft Hldg Inc (NYSE:LXFT) which was reduced by 73.47%. By selling 427,958 shares Bloom Tree Partners Llc made the stock Sank with 24.59%. At the end of 2018Q1, the 154,505 shares of the technology company held by the hedge fund run by Alok Agrawal were priced at $6.33 million, down from 582,463 at the end of the previous reported quarter. Bloom Tree Partners Llc has risen its stake in and also increased its holding in by shares in the quarter, for a total of shares.

Bloom Tree Partners was founded by Alok Agrawal, a 2002 grade of Harvard Business School. Prior to turning his attention to global long/short equity funds through Bloom Tree, Agrawal was associated with Julian Robertson’s Tiger Management. He also worked with Oracle Corporation and Bessemer Venture Partners. Bloom Tree Partners Llc is a New York-based hedge fund that was founded by Alok Agrawal. It had more than $1.41 billion assets under management in March, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Bloom Tree Partners latest Adv, the fund reported to have 11 full and part-time employees. Among which 6 performing investment advisory and research functions. The hedge fund had between 1-10 clients.

Luxoft Holding, Inc. (NYSE:LXFT) Ratings Coverage

In total 7 analysts cover Luxoft Holding Inc (NYSE:LXFT). “Buy” rating has 4, “Sell” are 0, while 3 are “Hold”. (NYSE:LXFT) has 57% bullish analysts. 8 are the (NYSE:LXFT)’s ratings reports on May 16, 2018 according to StockzIntelligence Inc. On Wednesday, January 17 the company was upgraded by Cantor Fitzgerald. On Thursday, February 15 the company was maintained by Credit Suisse. On Thursday, February 15 the company was maintained by KeyBanc Capital Markets. On Monday, November 20 the firm has “Neutral” rating by UBS given. On Wednesday, February 14 Cowen & Co downgraded Luxoft Holding, Inc. (NYSE:LXFT) rating. Cowen & Co has “Hold” rating and $50.0 target. On Wednesday, February 14 JP Morgan maintained Luxoft Holding, Inc. (NYSE:LXFT) rating. JP Morgan has “Overweight” rating and $65 target. On Tuesday, December 5 the stock of Luxoft Holding, Inc. (NYSE:LXFT) earned “Overweight” rating by KeyBanc Capital Markets.

Luxoft Holding, Inc., together with its subsidiaries, provides software development services and IT solutions to multinational firms primarily in Europe and the United States.The firm is valued at $1.41 billion. It offers application software development, software architecture design, performance engineering, optimization and testing, process consulting, and software quality assurance services; functional specification and mock-up, product design, engineering, automated testing, maintenance, support, and performance engineering services; and IT strategy, software engineering process, and data security consulting services.The P/E ratio is 24.49. The companyÂ’s products and platforms include Teora, a suite of developer tools designed to enable automotive human machine interface developers build the logic of their user interface; Populus, a tool chain for HMI design and development, and the deployment of automotive user interfaces for distributed embedded systems; and AllView, a user-experience demonstrator that links instrument cluster, head unit, head-up display, and mobile devices.

Luxoft Holding, Inc. (NYSE:LXFT) Analyst Ratings Chart

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