Traders Buy High Volume of Micro Focus Put Options (NYSE:MFGP)

Micro Focus (NYSE:MFGP) saw some unusual options trading activity on Tuesday. Investors acquired 481 put options on the company. This represents an increase of approximately 759% compared to the typical volume of 56 put options.

A number of equities research analysts recently weighed in on the stock. ValuEngine lowered shares of Micro Focus to a “strong-buy” rating in a report on Friday, April 6th. Zacks Investment Research upgraded shares of Micro Focus from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Friday, April 6th. Finally, UBS upgraded shares of Micro Focus from a “neutral” rating to a “buy” rating in a report on Wednesday, January 10th.

How to Become a New Pot Stock Millionaire

Shares of MFGP opened at $18.01 on Wednesday. Micro Focus has a 1-year low of $12.67 and a 1-year high of $36.21.

Large investors have recently bought and sold shares of the company. Highland Capital Management LLC bought a new stake in shares of Micro Focus in the 4th quarter valued at about $990,000. Credit Agricole S A bought a new stake in shares of Micro Focus in the 4th quarter valued at about $1,236,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Micro Focus in the 4th quarter valued at about $39,448,000. Governors Lane LP bought a new stake in shares of Micro Focus in the 4th quarter valued at about $5,489,000. Finally, Bowling Portfolio Management LLC bought a new stake in shares of Micro Focus in the 4th quarter valued at about $254,000. Institutional investors and hedge funds own 24.09% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Traders Buy High Volume of Micro Focus Put Options (NYSE:MFGP)” was originally reported by The Lincolnian Online and is owned by of The Lincolnian Online. If you are reading this report on another domain, it was stolen and republished in violation of U.S. and international copyright & trademark law. The original version of this report can be accessed at https://www.thelincolnianonline.com/2018/04/18/micro-focus-international-target-of-unusually-large-options-trading-mfgp.html.

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.

Receive News & Ratings for Micro Focus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Micro Focus and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply