Fox Run Management L.L.C. lessened its holdings in shares of Salesforce.com Inc (NYSE:CRM) by 37.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,200 shares of the CRM provider’s stock after selling 1,900 shares during the period. Fox Run Management L.L.C.’s holdings in Salesforce.com were worth $299,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Salesforce.com by 5.2% during the second quarter. Vanguard Group Inc. now owns 46,149,530 shares of the CRM provider’s stock valued at $3,996,548,000 after buying an additional 2,268,623 shares during the period. Jennison Associates LLC boosted its position in shares of Salesforce.com by 17.0% during the second quarter. Jennison Associates LLC now owns 18,819,812 shares of the CRM provider’s stock valued at $1,629,796,000 after buying an additional 2,740,329 shares during the period. Janus Henderson Group PLC boosted its position in shares of Salesforce.com by 911.7% during the second quarter. Janus Henderson Group PLC now owns 12,759,741 shares of the CRM provider’s stock valued at $1,104,945,000 after buying an additional 11,498,509 shares during the period. Janus Capital Management LLC boosted its position in shares of Salesforce.com by 21.6% during the first quarter. Janus Capital Management LLC now owns 10,755,181 shares of the CRM provider’s stock valued at $927,363,000 after buying an additional 1,910,921 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its holdings in shares of Salesforce.com by 6.8% in the second quarter. TIAA CREF Investment Management LLC now owns 9,344,787 shares of the CRM provider’s stock valued at $809,259,000 after purchasing an additional 592,409 shares during the period. Institutional investors and hedge funds own 86.06% of the company’s stock.
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In other news, insider Alexandre Dayon sold 124,331 shares of the stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $99.00, for a total transaction of $12,308,769.00. Following the sale, the insider now directly owns 154,406 shares of the company’s stock, valued at approximately $15,286,194. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Vice Chairman Keith Block sold 10,000 shares of the stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $102.17, for a total transaction of $1,021,700.00. Following the sale, the insider now directly owns 24,154 shares in the company, valued at $2,467,814.18. The disclosure for this sale can be found here. Over the last three months, insiders sold 544,173 shares of company stock worth $52,389,296. 6.20% of the stock is owned by insiders.
A number of analysts recently issued reports on the company. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $114.00 price target on shares of Salesforce.com in a report on Friday. Vetr lowered Salesforce.com from a “buy” rating to a “hold” rating and set a $93.21 price target for the company. in a report on Tuesday, August 15th. Piper Jaffray Companies reiterated a “buy” rating and issued a $115.00 price target on shares of Salesforce.com in a report on Wednesday. Northland Securities reiterated a “buy” rating and issued a $105.00 price target on shares of Salesforce.com in a report on Wednesday, August 23rd. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $115.00 price target on shares of Salesforce.com in a report on Wednesday, August 23rd. Two analysts have rated the stock with a sell rating, six have given a hold rating and forty-six have given a buy rating to the company. Salesforce.com currently has an average rating of “Buy” and a consensus target price of $104.25.
Shares of Salesforce.com Inc (NYSE:CRM) opened at $102.71 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.77 and a current ratio of 0.77. The firm has a market cap of $73.74 billion, a P/E ratio of 513.00, a PEG ratio of 9.78 and a beta of 1.24.
Salesforce.com (NYSE:CRM) last issued its quarterly earnings results on Tuesday, August 22nd. The CRM provider reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.24. The business had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.52 billion. Salesforce.com had a positive return on equity of 1.83% and a negative net margin of 0.85%. The business’s quarterly revenue was up 25.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.24 earnings per share. research analysts expect that Salesforce.com Inc will post 0.4 earnings per share for the current year.
Salesforce.com, inc. is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management (CRM). The Company focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies. The Company’s service offerings are configured and integrated with other platforms and enterprise applications.
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