Connor Clark & Lunn Investment Management Ltd. decreased its position in shares of Micro Focus International PLC – (NYSE:MFGP) by 27.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 775,517 shares of the company’s stock after selling 287,480 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Micro Focus International were worth $20,001,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MFGP. BlackRock Inc. boosted its holdings in Micro Focus International by 4.9% in the third quarter. BlackRock Inc. now owns 591,920 shares of the company’s stock valued at $10,938,000 after acquiring an additional 27,674 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Micro Focus International by 58.7% in the third quarter. Dimensional Fund Advisors LP now owns 121,043 shares of the company’s stock valued at $2,237,000 after acquiring an additional 44,750 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Micro Focus International by 549.3% in the third quarter. JPMorgan Chase & Co. now owns 794,676 shares of the company’s stock valued at $14,685,000 after acquiring an additional 672,292 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Micro Focus International during the third quarter worth about $2,559,000. Finally, Ingalls & Snyder LLC lifted its stake in shares of Micro Focus International by 0.6% during the fourth quarter. Ingalls & Snyder LLC now owns 745,751 shares of the company’s stock worth $12,834,000 after purchasing an additional 4,581 shares in the last quarter. 19.73% of the stock is owned by institutional investors.

A number of brokerages have commented on MFGP. Citigroup cut Micro Focus International from a “neutral” rating to a “sell” rating in a research note on Thursday, April 4th. Goldman Sachs Group cut Micro Focus International from a “buy” rating to a “neutral” rating in a research note on Monday, January 28th. Zacks Investment Research upgraded Micro Focus International from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Thursday, February 21st. Finally, Barclays cut Micro Focus International from an “overweight” rating to an “equal weight” rating and set a $25.37 price objective on the stock. in a research note on Friday, April 12th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. Micro Focus International presently has an average rating of “Hold” and an average target price of $26.19.

Shares of MFGP opened at $25.01 on Thursday. Micro Focus International PLC – has a 12 month low of $14.73 and a 12 month high of $27.32.

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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.

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

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