Oppenheimer Asset Management Inc. boosted its position in Micro Focus International PLC – (NYSE:MFGP) by 13.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 72,471 shares of the company’s stock after purchasing an additional 8,654 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Micro Focus International were worth $1,869,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in MFGP. Dodge & Cox lifted its stake in Micro Focus International by 14.0% in the third quarter. Dodge & Cox now owns 53,699,061 shares of the company’s stock valued at $992,359,000 after acquiring an additional 6,581,169 shares during the last quarter. Norges Bank acquired a new stake in shares of Micro Focus International in the fourth quarter worth $43,845,000. JPMorgan Chase & Co. lifted its stake in shares of Micro Focus International by 549.3% in the third quarter. JPMorgan Chase & Co. now owns 794,676 shares of the company’s stock worth $14,685,000 after buying an additional 672,292 shares during the last quarter. Ingalls & Snyder LLC lifted its stake in shares of Micro Focus International by 0.6% in the fourth quarter. Ingalls & Snyder LLC now owns 745,751 shares of the company’s stock worth $12,834,000 after buying an additional 4,581 shares during the last quarter. Finally, OLD Mission Capital LLC lifted its stake in shares of Micro Focus International by 883.0% in the fourth quarter. OLD Mission Capital LLC now owns 624,553 shares of the company’s stock worth $10,749,000 after buying an additional 561,019 shares during the last quarter. Institutional investors own 21.03% of the company’s stock.
NYSE:MFGP traded up $0.37 during mid-day trading on Wednesday, reaching $25.01. 331,829 shares of the company were exchanged, compared to its average volume of 500,335. Micro Focus International PLC – has a 12 month low of $14.73 and a 12 month high of $27.32.
Several equities research analysts have issued reports on MFGP shares. Barclays lowered shares of Micro Focus International from an “overweight” rating to an “equal weight” rating and set a $25.37 price target on the stock. in a report on Friday, April 12th. 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 report on Thursday, February 21st. Goldman Sachs Group lowered shares of Micro Focus International from a “buy” rating to a “neutral” rating in a report on Monday, January 28th. Finally, Citigroup lowered 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 issued a hold rating and one has given a buy rating to the stock. Micro Focus International has an average rating of “Hold” and a consensus price target of $26.19.
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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