FNY Investment Advisers LLC cut its stake in Micro Focus International PLC – (NYSE:MFGP) by 43.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,998 shares of the company’s stock after selling 15,500 shares during the quarter. FNY Investment Advisers LLC’s holdings in Micro Focus International were worth $515,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. CWM LLC increased its position in Micro Focus International by 173.7% during the fourth quarter. CWM LLC now owns 1,571 shares of the company’s stock worth $27,000 after buying an additional 997 shares during the last quarter. Synovus Financial Corp increased its position in Micro Focus International by 44.2% during the fourth quarter. Synovus Financial Corp now owns 1,840 shares of the company’s stock worth $31,000 after buying an additional 564 shares during the last quarter. Atlas Capital Advisors LLC acquired a new position in Micro Focus International during the fourth quarter worth $49,000. Bessemer Group Inc. increased its position in Micro Focus International by 73.4% during the fourth quarter. Bessemer Group Inc. now owns 4,353 shares of the company’s stock worth $75,000 after buying an additional 1,843 shares during the last quarter. Finally, Financial Advocates Investment Management increased its position in Micro Focus International by 1,140.2% during the fourth quarter. Financial Advocates Investment Management now owns 5,643 shares of the company’s stock worth $246,000 after buying an additional 5,188 shares during the last quarter. 21.08% of the stock is currently owned by institutional investors and hedge funds.
MFGP stock opened at $23.37 on Friday. Micro Focus International PLC – has a 52-week low of $14.73 and a 52-week high of $27.32.
Several equities analysts have commented on MFGP shares. Goldman Sachs Group downgraded shares of Micro Focus International from a “buy” rating to a “neutral” rating in a research report on Monday, January 28th. Zacks Investment Research raised shares of Micro Focus International from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Thursday, February 21st. Barclays downgraded shares of Micro Focus International from an “overweight” rating to an “equal weight” rating and set a $25.37 target price on the stock. in a research report on Friday, April 12th. Finally, Citigroup cut shares of Micro Focus International from a “neutral” rating to a “sell” rating in a report on Thursday, April 4th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $26.19.
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About Micro Focus International
Micro Focus International plc, an infrastructure software company, develops, sells, and supports software products and solutions to small and medium size enterprises. The company offers infrastructure software products that are managed on an investment portfolio. Its product portfolio includes application modernization and connectivity, application delivery management, and IT operations management, as well as security, information management, and Governance.
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