Micro Focus International (MFGP) Stock Rating Lowered by ValuEngine

Micro Focus International (NYSE:MFGP) was downgraded by ValuEngine to a “strong-buy” rating in a report issued on Friday.

Separately, UBS raised shares of Micro Focus International from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 10th.

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Shares of NYSE:MFGP opened at $15.65 on Friday. Micro Focus International has a one year low of $12.67 and a one year high of $36.21.

A number of large investors have recently modified their holdings of MFGP. Oregon Public Employees Retirement Fund bought a new stake in Micro Focus International during the 4th quarter worth about $1,276,000. Nisa Investment Advisors LLC bought a new stake in Micro Focus International during the 4th quarter worth about $2,705,000. Bank of Montreal Can bought a new stake in Micro Focus International during the 4th quarter worth about $856,000. Creative Planning bought a new stake in Micro Focus International during the 4th quarter worth about $536,000. Finally, Cutler Group LP bought a new stake in Micro Focus International during the 4th quarter worth about $142,000. 24.09% of the stock is currently owned by hedge funds and other institutional investors.

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About Micro Focus International

Micro Focus International plc is a United Kingdom-based global software company. The Company is engaged in delivering and supporting software solutions. The Company enables customers to utilize new technology solutions while maximizing the value of their investments in information technology (IT) infrastructure and business applications.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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