Are Oracle’s Heavyweight Institutional Investors Eyeing $30 Again?
As the fifth month of trading in 2012 comes to a close, Oracle Corp.’s (NASDAQ:ORCL) shares are up 3.1 percent. On Thursday, the company heads to court against Hewlett-Packard Co. (NYSE:HPQ). Jury selection will begin for the trial of the two bitter rivals in Santa Clara County Superior Court in San Jose, Calif.
At issue, according to The Wall Street Journal, is a software contract dispute. In 2011, Oracle decided to discontinue producing its database software for some H-P server systems that utilized Intel Corp.’s (NASDAQ:INTC) Itanium processors. This action spurred a war and lawsuits between the two companies.
By going to trial, H-P will try to get Oracle to continue producing software for the Itanium servers.
With the company headed to trial over a nasty dispute with its rival, will Oracle’s largest shareholders see a resolution on the horizon and increase their positions? 1021 institutional firms indicated owning shares of Oracle Corp. (NASDAQ:ORCL) in Q1 2012. These firms reported owning a total of 1.492 billion shares on 03/31/2012 . The shares closed at $29.10 on 03/31/2012.
Here are the ten largest positions in Oracle Corp. at the end of March 31st, 2012.
State Street Corp held 147,773,837 shares on 03/31/2012 worth $4,309,085,064.
Blackrock Institutional Trust Company N.A. held 104,719,492 shares on 03/31/2012 worth $3,053,620,371.
Massachusetts Financial Services Co/Ma/ held 81,273,868 shares on 03/31/2012 worth $2,369,945,978.
Bank of New York Mellon Corp held 76,458,898 shares on 03/31/2012 worth $2,229,541,454.
Grantham Mayo Van Otterloo & Co. LLC held 46,225,308 shares on 03/31/2012 worth $1,347,929,974.
Blackrock Group Ltd held 39,237,414 shares on 03/31/2012 worth $1,144,162,986.
Blackrock Fund Advisors held 34,610,054 shares on 03/31/2012 worth $1,009,229,169.
Eaton Vance Management held 29,540,659 shares on 03/31/2012 worth $861,405,612.
Aberdeen Asset Management PLC/Uk held 26,123,596 shares on 03/31/2012 worth $761,764,055.
Lazard Asset Management LLC held 25,303,363 shares on 03/31/2012 worth $737,846,061.
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