One68 Global Capital LLC Takes Position in Micro Focus International PLC – (NYSE:MFGP)

One68 Global Capital LLC acquired a new stake in Micro Focus International PLC – (NYSE:MFGP) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 9,998 shares of the company’s stock, valued at approximately $258,000. Micro Focus International accounts for about 0.8% of One68 Global Capital LLC’s holdings, making the stock its 11th biggest position.

Several other hedge funds also recently modified their holdings of the company. Oppenheimer Asset Management Inc. increased its stake in shares of Micro Focus International by 13.6% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 72,471 shares of the company’s stock valued at $1,869,000 after purchasing an additional 8,654 shares in the last quarter. Atlas Capital Advisors LLC increased its stake in Micro Focus International by 20.1% during the 1st quarter. Atlas Capital Advisors LLC now owns 3,421 shares of the company’s stock worth $88,000 after buying an additional 572 shares in the last quarter. TD Asset Management Inc. increased its stake in Micro Focus International by 30.6% during the 1st quarter. TD Asset Management Inc. now owns 13,269 shares of the company’s stock worth $342,000 after buying an additional 3,110 shares in the last quarter. BB&T Corp increased its stake in Micro Focus International by 22.7% during the 1st quarter. BB&T Corp now owns 29,035 shares of the company’s stock worth $749,000 after buying an additional 5,364 shares in the last quarter. Finally, Investors Research Corp purchased a new stake in Micro Focus International during the 1st quarter worth approximately $94,000. 20.27% of the stock is owned by institutional investors and hedge funds.

NYSE:MFGP traded down $0.38 during trading hours on Friday, hitting $24.78. 7,231 shares of the stock were exchanged, compared to its average volume of 356,178. Micro Focus International PLC – has a 52-week low of $14.73 and a 52-week high of $27.32.

Several equities research analysts have commented on MFGP shares. Barclays lowered Micro Focus International from an “overweight” rating to an “equal weight” rating and set a $25.37 price objective for the company. in a research note on Friday, April 12th. Zacks Investment Research upgraded Micro Focus International from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Thursday, February 21st. Finally, Citigroup lowered Micro Focus International from a “neutral” rating to a “sell” rating in a research note on Thursday, April 4th. Three investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $26.19.

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Micro Focus International Company Profile

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.

Further Reading: Green Investing

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

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