Micro Focus International Target of Unusually Large Options Trading (MFGP)
Micro Focus International PLC – (NYSE:MFGP) was the recipient of some unusual options trading activity on Wednesday. Stock investors acquired 564 call options on the stock. This is an increase of approximately 742% compared to the typical daily volume of 67 call options.
A number of large investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC purchased a new position in Micro Focus International in the third quarter valued at approximately $143,000. Atria Investments LLC purchased a new position in Micro Focus International in the second quarter valued at approximately $182,000. Stevens Capital Management LP purchased a new position in Micro Focus International in the second quarter valued at approximately $190,000. SG Americas Securities LLC purchased a new position in Micro Focus International in the second quarter valued at approximately $228,000. Finally, BB&T Corp increased its stake in Micro Focus International by 80.0% in the second quarter. BB&T Corp now owns 21,666 shares of the company’s stock valued at $374,000 after purchasing an additional 9,629 shares during the last quarter. 22.16% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently weighed in on the stock. ValuEngine cut shares of Micro Focus International from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Goldman Sachs Group raised shares of Micro Focus International from a “neutral” rating to a “buy” rating in a report on Tuesday, November 13th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Micro Focus International currently has an average rating of “Hold” and an average price target of $16.00.
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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 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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