Garde Capital Inc. acquired a new stake in Micro Focus International PLC – (NYSE:MFGP) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 6,574 shares of the company’s stock, valued at approximately $221,000.

Several other hedge funds also recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. bought a new position in shares of Micro Focus International in the 4th quarter valued at approximately $350,000. Envestnet Asset Management Inc. acquired a new stake in Micro Focus International in the 4th quarter valued at approximately $279,000. Pennant Capital Management LLC acquired a new stake in Micro Focus International in the 4th quarter valued at approximately $7,048,000. Glenmede Trust Co. NA acquired a new stake in Micro Focus International in the 4th quarter valued at approximately $1,037,000. Finally, Macquarie Group Ltd. acquired a new stake in Micro Focus International in the 4th quarter valued at approximately $475,000. 24.09% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Micro Focus International PLC – (MFGP) opened at $12.99 on Friday. Micro Focus International PLC – has a fifty-two week low of $12.67 and a fifty-two week high of $36.21.

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Micro Focus International Profile

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.

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

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