Clearbridge LLC Trimmed Oracle Corp (ORCL) Position by $6.12 Million; Market Value Rose

January 23, 2018 - By Adrian Erickson

Investors sentiment increased to 1.13 in Q3 2017. Its up 0.18, from 0.95 in 2017Q2. It is positive, as 67 investors sold ORCL shares while 498 reduced holdings. 122 funds opened positions while 519 raised stakes. 2.32 billion shares or 1.54% less from 2.35 billion shares in 2017Q2 were reported. Riverpoint Cap Lc holds 11,522 shares or 0.04% of its portfolio. Signaturefd Lc stated it has 0.08% of its portfolio in Oracle Corporation (NYSE:ORCL). Wharton Business Group Incorporated Limited Liability Corporation holds 0.32% or 61,899 shares. Jensen Investment Mgmt holds 7.37 million shares. Aviance Cap Prns Limited Liability Company holds 9,470 shares or 0.15% of its portfolio. Td Asset Inc invested in 5.27 million shares or 0.38% of the stock. Columbus Circle Investors reported 0.47% of its portfolio in Oracle Corporation (NYSE:ORCL). 5,522 were reported by Patten And Patten Inc Tn. Segment Wealth Mgmt Lc has invested 0.87% of its portfolio in Oracle Corporation (NYSE:ORCL). Glovista Lc accumulated 7,769 shares or 0.07% of the stock. Epoch Investment Prtnrs owns 327,153 shares or 0.05% of their US portfolio. Polen Capital Ltd Llc holds 15.36 million shares or 5.98% of its portfolio. Moreover, Sumitomo Mitsui Trust Hldg has 0.64% invested in Oracle Corporation (NYSE:ORCL) for 9.39M shares. Point72 Asset Mngmt LP stated it has 2.10M shares. Suntrust Banks invested 0.19% in Oracle Corporation (NYSE:ORCL).

Clearbridge Llc decreased its stake in Oracle Corp (ORCL) by 4.47% based on its latest 2017Q3 regulatory filing with the SEC. Clearbridge Llc sold 127,574 shares as the company’s stock rose 5.35% with the market. The institutional investor held 2.72M shares of the prepackaged software company at the end of 2017Q3, valued at $131.70 million, down from 2.85 million at the end of the previous reported quarter. Clearbridge Llc who had been investing in Oracle Corp for a number of months, seems to be less bullish one the $209.92 billion market cap company. The stock increased 0.26% or $0.13 during the last trading session, reaching $50.71. About 16.84 million shares traded or 8.76% up from the average. Oracle Corporation (NYSE:ORCL) has risen 14.08% since January 23, 2017 and is uptrending. It has underperformed by 2.62% the S&P500.

Clearbridge Llc, which manages about $5.40 billion and $4.62 billion US Long portfolio, upped its stake in Pioneer Nat Res Co (NYSE:PXD) by 22,103 shares to 474,718 shares, valued at $70.04M in 2017Q3, according to the filing. It also increased its holding in Servicemaster Global Hldgs I (NYSE:SERV) by 167,276 shares in the quarter, for a total of 798,915 shares, and has risen its stake in Qualcomm Inc (NASDAQ:QCOM).

Analysts await Oracle Corporation (NYSE:ORCL) to report earnings on March, 21. They expect $0.66 EPS, up 4.76 % or $0.03 from last year’s $0.63 per share. ORCL’s profit will be $2.73 billion for 19.21 P/E if the $0.66 EPS becomes a reality. After $0.62 actual EPS reported by Oracle Corporation for the previous quarter, Wall Street now forecasts 6.45 % EPS growth.

More notable recent Oracle Corporation (NYSE:ORCL) news were published by: Seekingalpha.com which released: “Oracle: A Classic Case Of Cannibalization” on December 27, 2017, also Seekingalpha.com with their article: “Can Oracle’s Autonomous Database Fend Off Amazon’s Efforts?” published on January 18, 2018, Reuters.com published: “Oracle issues security patches for chip flaws” on January 17, 2018. More interesting news about Oracle Corporation (NYSE:ORCL) were released by: Seekingalpha.com and their article: “Oracle Ready To Battle Amazon AWS” published on January 08, 2018 as well as Seekingalpha.com‘s news article titled: “Oracle: Aggressively Chasing Cloud Growth” with publication date: January 03, 2018.

Oracle Corporation (NYSE:ORCL) Ratings Coverage

Among 38 analysts covering Oracle (NYSE:ORCL), 28 have Buy rating, 0 Sell and 10 Hold. Therefore 74% are positive. Oracle had 103 analyst reports since July 30, 2015 according to SRatingsIntel. Cowen & Co maintained the stock with “Buy” rating in Monday, September 11 report. The rating was upgraded by Goldman Sachs on Monday, November 16 to “Conviction Buy”. The stock of Oracle Corporation (NYSE:ORCL) earned “Buy” rating by Canaccord Genuity on Wednesday, March 16. Atlantic Securities downgraded Oracle Corporation (NYSE:ORCL) on Tuesday, July 19 to “Neutral” rating. The rating was maintained by KeyBanc Capital Markets on Monday, July 17 with “Buy”. The stock of Oracle Corporation (NYSE:ORCL) has “Buy” rating given on Friday, August 25 by Jefferies. The rating was maintained by Rosenblatt with “Buy” on Thursday, June 22. The rating was maintained by FBR Capital on Thursday, December 17 with “Mkt Perform”. Wedbush maintained Oracle Corporation (NYSE:ORCL) on Friday, December 16 with “Neutral” rating. The firm earned “Overweight” rating on Thursday, March 16 by JP Morgan.

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