APG Asset Management N.V. reduced its stake in shares of Oracle Corp. (NYSE:ORCL) by 4.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,121,786 shares of the enterprise software provider’s stock after selling 450,788 shares during the period. Oracle Corp. makes up approximately 0.7% of APG Asset Management N.V.’s investment portfolio, making the stock its 26th largest position. APG Asset Management N.V.’s holdings in Oracle Corp. were worth $397,584,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of ORCL. Vanguard Group Inc. boosted its position in shares of Oracle Corp. by 0.4% in the second quarter. Vanguard Group Inc. now owns 192,375,888 shares of the enterprise software provider’s stock valued at $7,873,946,000 after buying an additional 812,821 shares during the period. First Eagle Investment Management LLC boosted its position in shares of Oracle Corp. by 1.7% in the second quarter. First Eagle Investment Management LLC now owns 40,498,196 shares of the enterprise software provider’s stock worth $1,657,591,000 after buying an additional 694,698 shares during the last quarter. BlackRock Fund Advisors boosted its position in shares of Oracle Corp. by 0.9% in the second quarter. BlackRock Fund Advisors now owns 40,398,570 shares of the enterprise software provider’s stock worth $1,653,513,000 after buying an additional 368,093 shares during the last quarter. Magellan Asset Management Ltd boosted its position in shares of Oracle Corp. by 1.5% in the second quarter. Magellan Asset Management Ltd now owns 27,617,584 shares of the enterprise software provider’s stock worth $1,130,388,000 after buying an additional 415,490 shares during the last quarter. Finally, First Pacific Advisors LLC boosted its position in shares of Oracle Corp. by 5.9% in the second quarter. First Pacific Advisors LLC now owns 26,667,007 shares of the enterprise software provider’s stock worth $1,091,481,000 after buying an additional 1,486,487 shares during the last quarter. 56.94% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Oracle Corp. (NYSE:ORCL)

Shares of Oracle Corp. (NYSE:ORCL) opened at 40.30 on Tuesday. Oracle Corp. has a 1-year low of $33.13 and a 1-year high of $42.00. The company’s 50-day moving average price is $38.88 and its 200 day moving average price is $39.90. The firm has a market cap of $165.45 billion, a PE ratio of 19.14 and a beta of 1.19.

Oracle Corp. (NYSE:ORCL) last issued its quarterly earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by $0.03. Oracle Corp. had a return on equity of 22.10% and a net margin of 24.16%. The firm had revenue of $8.60 billion for the quarter. During the same period in the prior year, the business posted $0.53 earnings per share. The firm’s revenue was up 1.9% on a year-over-year basis. On average, analysts predict that Oracle Corp. will post $2.63 EPS for the current year.

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A number of brokerages have recently weighed in on ORCL. Rowe lowered their target price on Oracle Corp. from $109.00 to $9.30 in a research note on Tuesday, November 8th. Vetr upgraded Oracle Corp. from a “hold” rating to a “buy” rating and set a $42.94 target price for the company in a research note on Wednesday, August 31st. Rosenblatt Securities began coverage on Oracle Corp. in a research note on Monday, August 8th. They issued a “buy” rating and a $48.00 target price for the company. DA Davidson began coverage on Oracle Corp. in a research note on Monday, August 8th. They issued a “buy” rating for the company. Finally, BTIG Research restated a “buy” rating and issued a $47.00 target price on shares of Oracle Corp. in a research note on Monday, August 22nd. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-seven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $43.85.

In other news, EVP Dorian Daley sold 16,065 shares of the business’s stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $39.61, for a total value of $636,334.65. Following the completion of the sale, the executive vice president now owns 25,000 shares of the company’s stock, valued at approximately $990,250. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $40.16, for a total value of $150,600.00. Following the completion of the sale, the director now directly owns 8,281 shares of the company’s stock, valued at approximately $332,564.96. The disclosure for this sale can be found here. Company insiders own 29.00% of the company’s stock.

About Oracle Corp.

Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.

5 Day Chart for NYSE:ORCL

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