Atlantic Trust Group LLC Invests $30.10 Million in salesforce.com, inc. (CRM) Stock

Atlantic Trust Group LLC bought a new position in shares of salesforce.com, inc. (NYSE:CRM) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 322,156 shares of the CRM provider’s stock, valued at approximately $30,096,000.

A number of other institutional investors have also recently bought and sold shares of CRM. Vanguard Group Inc. increased its holdings in shares of salesforce.com by 5.2% in the 2nd quarter. Vanguard Group Inc. now owns 46,149,530 shares of the CRM provider’s stock worth $3,996,548,000 after buying an additional 2,268,623 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of salesforce.com by 5.3% in the 3rd quarter. Janus Henderson Group PLC now owns 13,435,212 shares of the CRM provider’s stock worth $1,255,082,000 after buying an additional 675,471 shares during the last quarter. TIAA CREF Investment Management LLC increased its holdings in shares of salesforce.com by 6.8% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 9,344,787 shares of the CRM provider’s stock worth $809,259,000 after buying an additional 592,409 shares during the last quarter. Winslow Capital Management LLC increased its holdings in shares of salesforce.com by 12.0% in the 2nd quarter. Winslow Capital Management LLC now owns 6,266,919 shares of the CRM provider’s stock worth $542,715,000 after buying an additional 670,197 shares during the last quarter. Finally, Tybourne Capital Management HK Ltd. increased its holdings in shares of salesforce.com by 76.5% in the 2nd quarter. Tybourne Capital Management HK Ltd. now owns 4,738,144 shares of the CRM provider’s stock worth $410,323,000 after buying an additional 2,053,200 shares during the last quarter. 85.57% of the stock is currently owned by institutional investors and hedge funds.

CRM has been the topic of a number of research analyst reports. Royal Bank of Canada reissued a “buy” rating and issued a $109.00 price target on shares of salesforce.com in a report on Friday, October 20th. Robert W. Baird set a $110.00 price target on shares of salesforce.com and gave the stock a “buy” rating in a report on Sunday, October 1st. Piper Jaffray Companies reissued a “buy” rating on shares of salesforce.com in a report on Tuesday, September 26th. Canaccord Genuity reissued a “buy” rating on shares of salesforce.com in a report on Monday, September 11th. Finally, Northland Securities reissued a “buy” rating and issued a $105.00 price target on shares of salesforce.com in a report on Sunday, September 10th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and forty-four have assigned a buy rating to the company’s stock. salesforce.com presently has a consensus rating of “Buy” and an average target price of $112.59.

salesforce.com, inc. (CRM) opened at $102.63 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.08. The stock has a market cap of $74,844.73, a P/E ratio of 323.81, a P/E/G ratio of 9.67 and a beta of 1.24. salesforce.com, inc. has a 1-year low of $68.23 and a 1-year high of $109.19.

salesforce.com (NYSE:CRM) last posted its quarterly earnings data on Tuesday, November 21st. The CRM provider reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.65 billion. salesforce.com had a net margin of 0.09% and a return on equity of 2.81%. The firm’s revenue was up 25.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.24 earnings per share. analysts expect that salesforce.com, inc. will post 0.43 EPS for the current year.

In other salesforce.com news, Vice Chairman Keith Block sold 7,641 shares of salesforce.com stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $93.18, for a total transaction of $711,988.38. Following the transaction, the insider now owns 19,436 shares of the company’s stock, valued at $1,811,046.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Parker Harris sold 8,026 shares of salesforce.com stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $92.61, for a total transaction of $743,287.86. Following the transaction, the insider now directly owns 51,571 shares in the company, valued at approximately $4,775,990.31. The disclosure for this sale can be found here. In the last three months, insiders sold 660,006 shares of company stock worth $67,812,723. 6.20% of the stock is currently owned by insiders.

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salesforce.com Company Profile

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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Institutional Ownership by Quarter for salesforce.com (NYSE:CRM)

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