Boston Partners reduced its holdings in shares of Micro Focus (NYSE:MFGP) by 78.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 364,545 shares of the company’s stock after selling 1,305,828 shares during the quarter. Boston Partners’ holdings in Micro Focus were worth $5,118,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Pzena Investment Management LLC acquired a new stake in shares of Micro Focus in the 4th quarter valued at about $147,608,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Micro Focus in the 4th quarter valued at about $131,766,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Micro Focus in the 4th quarter valued at about $39,448,000. FNY Partners Fund LP acquired a new stake in shares of Micro Focus in the 4th quarter valued at about $32,233,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Micro Focus in the 4th quarter valued at about $31,321,000. 22.49% of the stock is owned by institutional investors and hedge funds.

Micro Focus opened at $18.06 on Thursday, MarketBeat reports. Micro Focus has a twelve month low of $17.96 and a twelve month high of $18.60.

MFGP has been the subject of a number of research analyst reports. Zacks Investment Research raised Micro Focus from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research report on Friday, April 6th. ValuEngine cut Micro Focus to a “strong-buy” rating in a research report on Friday, April 6th.

Micro Focus Company 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 (NYSE:MFGP)

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