Micro Focus International PLC – (NYSE:MFGP) Position Lowered by Legal & General Group Plc

Legal & General Group Plc reduced its holdings in Micro Focus International PLC – (NYSE:MFGP) by 24.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 560,284 shares of the company’s stock after selling 183,565 shares during the quarter. Legal & General Group Plc owned about 0.13% of Micro Focus International worth $9,645,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Atria Investments LLC acquired a new position in Micro Focus International during the second quarter worth $182,000. Stevens Capital Management LP purchased a new position in Micro Focus International during the second quarter worth $190,000. SG Americas Securities LLC purchased a new position in Micro Focus International during the second quarter worth $228,000. Cambridge Investment Research Advisors Inc. increased its position in Micro Focus International by 41.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 14,712 shares of the company’s stock worth $207,000 after buying an additional 4,305 shares in the last quarter. Finally, Epoch Investment Partners Inc. purchased a new position in Micro Focus International during the first quarter worth $207,000. 22.80% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently commented on MFGP shares. Credit Suisse Group reaffirmed an “underperform” rating on shares of Micro Focus International in a research report on Monday, July 16th. ValuEngine downgraded Micro Focus International from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $16.00.

Shares of Micro Focus International stock opened at $17.94 on Tuesday. Micro Focus International PLC – has a twelve month low of $12.67 and a twelve month high of $36.21.

Micro Focus International Company Profile

Micro Focus International plc, an infrastructure software company, develops, sells, and supports software products and solutions to federal, airlines, and healthcare industries in the United Kingdom, the United States, Germany, France, Japan, and internationally. The company operates through Micro Focus and SUSE segments.

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Institutional Ownership by Quarter for Micro Focus International (NYSE:MFGP)

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