Micro Focus International PLC – (MFGP) Shares Sold by Korea Investment CORP

Korea Investment CORP decreased its holdings in shares of Micro Focus International PLC – (NYSE:MFGP) by 23.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 42,141 shares of the company’s stock after selling 12,822 shares during the period. Korea Investment CORP’s holdings in Micro Focus International were worth $779,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. 22NW LP raised its position in Micro Focus International by 166.0% during the third quarter. 22NW LP now owns 294,793 shares of the company’s stock valued at $5,448,000 after purchasing an additional 183,958 shares in the last quarter. FMR LLC raised its position in Micro Focus International by 27.6% during the third quarter. FMR LLC now owns 2,123,248 shares of the company’s stock valued at $39,238,000 after purchasing an additional 459,663 shares in the last quarter. BlackRock Inc. raised its position in Micro Focus International by 4.9% during the third quarter. BlackRock Inc. now owns 591,920 shares of the company’s stock valued at $10,938,000 after purchasing an additional 27,674 shares in the last quarter. JPMorgan Chase & Co. raised its position in Micro Focus International by 549.3% during the third quarter. JPMorgan Chase & Co. now owns 794,676 shares of the company’s stock valued at $14,685,000 after purchasing an additional 672,292 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in Micro Focus International by 1,257.6% during the third quarter. SG Americas Securities LLC now owns 178,860 shares of the company’s stock valued at $3,305,000 after purchasing an additional 165,685 shares in the last quarter. 23.78% of the stock is owned by institutional investors.

NYSE MFGP opened at $18.46 on Friday. Micro Focus International PLC – has a twelve month low of $12.67 and a twelve month high of $34.99.

A number of research firms have weighed in on MFGP. Goldman Sachs Group upgraded Micro Focus International from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 13th. ValuEngine downgraded Micro Focus International from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. Micro Focus International has an average rating of “Hold” and an average target price of $16.00.

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Micro Focus International 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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