Dodge & Cox increased its holdings in Micro Focus International PLC – (NYSE:MFGP) by 14.0% in the third quarter, HoldingsChannel.com reports. The firm owned 53,699,061 shares of the company’s stock after buying an additional 6,581,169 shares during the quarter. Dodge & Cox owned approximately 0.12% of Micro Focus International worth $992,359,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MFGP. Nisa Investment Advisors LLC acquired a new position in Micro Focus International in the 3rd quarter worth about $143,000. Stevens Capital Management LP acquired a new position in Micro Focus International in the 2nd quarter worth about $190,000. SG Americas Securities LLC acquired a new position in Micro Focus International in the 2nd quarter worth about $228,000. Tower Research Capital LLC TRC acquired a new position in Micro Focus International in the 2nd quarter worth about $408,000. Finally, BB&T Corp raised its holdings in Micro Focus International by 14.6% in the 3rd quarter. BB&T Corp now owns 24,827 shares of the company’s stock worth $459,000 after purchasing an additional 3,161 shares during the period. 23.78% of the stock is owned by institutional investors.
A number of equities analysts recently weighed in on MFGP shares. Goldman Sachs Group raised Micro Focus International from a “neutral” rating to a “buy” rating in a report on Tuesday, November 13th. ValuEngine cut Micro Focus International from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $16.00.
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About Micro Focus International
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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