Rakuten Investment Management Adds $6M in Oracle Corporation ($ORCL)
Key Points
- Rakuten Investment Management changed its Oracle Corporation ($ORCL) stake by 13.7% last quarter, boosting to 253,204 shares worth $46.62 million.
- Wall Street's consensus rating on $ORCL is Buy and an average price target of $255.95.
- $ORCL last traded around $184.12.
Rakuten Investment Management increased its position in Oracle Corporation ($ORCL) by 13.7% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 253,204 shares of Oracle Corporation after buying 30,604 shares during the quarter. Rakuten Investment Management's holdings in Oracle Corporation were worth $46.62 million as of its most recent filing.
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About Oracle Corporation
Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning ERP, Oracle Fusion cloud enterprise performance management EPM, Oracle Fusion cloud supply chain and manufacturing management SCM, Oracle Fusion cloud human capital management HCM, and NetSuite applications suite, Oracle Health applications, as well as Oracle Fusion Sales, Service, and Marketing. The company also offers cloud-based industry solutions for various industries; Oracle cloud license and on-premise license; and Oracle license support services. In addition, it provides cloud and license business' infrastructure technologies, such as the Oracle Database and MySQL Database; Java, a software development language; and middleware, including development tools and others. The company's cloud and license business' infrastructure technologies also comprise cloud-based compute, storage, and networking capabilities; and Oracle autonomous database, as well as AI, Internet-of-Things, machine learning, digital assistant, and blockchain. Further, it provides hardware products and other hardware-related software offerings, including Oracle engineered systems, enterprise servers, storage solutions, industry-specific hardware, virtualization software, operating systems, management software, and related hardware support services, and consulting and advanced customer services. It markets and sells its cloud, license, hardware, support, and services offerings directly to businesses in various industries, government agencies, and educational institutions, as well as through indirect channels. Oracle Corporation has a strategic alliance with Metron, Inc. The company was founded in 1977 and is headquartered in Austin, Texas.
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