5 Best Software Stocks To Buy According To Hedge Funds

4. Oracle Corporation (NASDAQ:ORCL)

Number of Hedge Fund Holders: 100

Oracle Corporation (NASDAQ:ORCL) is a systems software company based in Austin, Texas. It offers products and services addressing enterprise information technology environments worldwide.

Brent Bracelin at Piper Sandler maintained an Overweight rating on Oracle Corporation (NASDAQ:ORCL) alongside a $122 price target on January 2.

There were 100 hedge funds long Oracle Corporation (NASDAQ:ORCL) in the fourth quarter, with a total stake value of $6.4 billion.

Madison Investments mentioned Oracle Corporation (NASDAQ:ORCL) in its fourth-quarter 2023 investor letter:

Oracle Corporation (NYSE:ORCL) reported a disappointing second quarter due to supply constraints. Cloud revenue was below expectations as Oracle made planning decisions to accommodate some large-scale Oracle Cloud Infrastructure (OCI) clients that take longer to bring online. We continue to believe that Oracle has a unique position in Generative AI workloads and continue to like its position and strategy.”

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