Parametric Portfolio Associates Cut Luxoft Holding (LXFT) Holding as Share Value Rose; Great West Life Assurance Company Increases Stake in Praxair (PX)

January 23, 2018 - By Maria Brooks

Parametric Portfolio Associates Llc decreased its stake in Luxoft Holding Inc (LXFT) by 90.4% based on its latest 2017Q3 regulatory filing with the SEC. Parametric Portfolio Associates Llc sold 49,338 shares as the company’s stock rose 16.10% with the market. The institutional investor held 5,240 shares of the technology company at the end of 2017Q3, valued at $250,000, down from 54,578 at the end of the previous reported quarter. Parametric Portfolio Associates Llc who had been investing in Luxoft Holding Inc for a number of months, seems to be less bullish one the $1.94B market cap company. The stock increased 0.52% or $0.3 during the last trading session, reaching $57.8. About 167,345 shares traded. Luxoft Holding, Inc. (NYSE:LXFT) has risen 10.58% since January 23, 2017 and is uptrending. It has underperformed by 6.12% the S&P500.

Great West Life Assurance Company increased its stake in Praxair Inc (PX) by 1.61% based on its latest 2017Q3 regulatory filing with the SEC. Great West Life Assurance Company bought 3,714 shares as the company’s stock rose 10.06% with the market. The institutional investor held 234,986 shares of the basic industries company at the end of 2017Q3, valued at $33.09M, up from 231,272 at the end of the previous reported quarter. Great West Life Assurance Company who had been investing in Praxair Inc for a number of months, seems to be bullish on the $45.59 billion market cap company. The stock decreased 0.85% or $1.37 during the last trading session, reaching $159.25. About 1.54 million shares traded. Praxair, Inc. (NYSE:PX) has risen 17.42% since January 23, 2017 and is uptrending. It has outperformed by 0.72% the S&P500.

Investors sentiment increased to 1.08 in Q3 2017. Its up 0.18, from 0.9 in 2017Q2. It is positive, as 39 investors sold PX shares while 277 reduced holdings. 83 funds opened positions while 258 raised stakes. 235.36 million shares or 0.26% less from 235.97 million shares in 2017Q2 were reported. Kentucky-based Teachers Retirement Of The State Of Kentucky has invested 0.05% in Praxair, Inc. (NYSE:PX). Kentucky Retirement Fund owns 7,559 shares. 42,800 were accumulated by Numeric Invsts Limited Co. Norinchukin Bank The reported 60,597 shares. Beach Counsel Inc Pa has 41,426 shares for 0.61% of their portfolio. Congress Asset Management Ma has invested 0.01% in Praxair, Inc. (NYSE:PX). Acadian Asset Management Limited Liability stated it has 673 shares or 0% of all its holdings. Jane Street Gru Lc reported 30,562 shares stake. Alphamark Llc reported 0% stake. Los Angeles Cap Management And Equity Research has invested 0.31% of its portfolio in Praxair, Inc. (NYSE:PX). Granite Investment Prtn Ltd Co has invested 0.28% in Praxair, Inc. (NYSE:PX). Sva Plumb Wealth Management Limited Com owns 29,740 shares or 0.51% of their US portfolio. Baring Asset Mgmt Limited has 76,840 shares for 0.63% of their portfolio. Gulf International Retail Bank (Uk) holds 0.17% or 91,779 shares. B & T Mgmt Dba Alpha Mgmt stated it has 17,978 shares or 1.19% of all its holdings.

Among 22 analysts covering Praxair (NYSE:PX), 11 have Buy rating, 3 Sell and 8 Hold. Therefore 50% are positive. Praxair had 45 analyst reports since August 12, 2015 according to SRatingsIntel. As per Friday, January 27, the company rating was upgraded by JP Morgan. Susquehanna maintained the shares of PX in report on Wednesday, October 7 with “Neutral” rating. Zacks upgraded Praxair, Inc. (NYSE:PX) on Friday, August 28 to “Sell” rating. The firm has “Sell” rating by Zacks given on Wednesday, August 12. The rating was maintained by Deutsche Bank on Friday, June 2 with “Hold”. The rating was maintained by Susquehanna with “Buy” on Tuesday, November 7. Bank of America upgraded Praxair, Inc. (NYSE:PX) on Saturday, January 7 to “Neutral” rating. Barclays Capital maintained the stock with “Equal Weight” rating in Monday, November 2 report. The firm has “Buy” rating by SunTrust given on Tuesday, December 19. Bank of America upgraded the stock to “Buy” rating in Wednesday, June 7 report.

Great West Life Assurance Company, which manages about $40.22B US Long portfolio, decreased its stake in Sysco Corp (NYSE:SYY) by 431,167 shares to 1.88M shares, valued at $101.43M in 2017Q3, according to the filing. It also reduced its holding in Ishares Tr (IBB) by 1,324 shares in the quarter, leaving it with 70,539 shares, and cut its stake in Richmont Mines Inc (NYSEMKT:RIC).

Analysts await Luxoft Holding, Inc. (NYSE:LXFT) to report earnings on February, 13. They expect $0.61 EPS, down 8.96% or $0.06 from last year’s $0.67 per share. LXFT’s profit will be $20.42M for 23.69 P/E if the $0.61 EPS becomes a reality. After $0.66 actual EPS reported by Luxoft Holding, Inc. for the previous quarter, Wall Street now forecasts -7.58% negative EPS growth.

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