Atalanta Sosnoff Capital LLC reduced its stake in salesforce.com, inc. (NYSE:CRM) by 1.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 351,404 shares of the CRM provider’s stock after selling 5,485 shares during the period. Atalanta Sosnoff Capital LLC’s holdings in salesforce.com were worth $35,924,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of CRM. Janus Henderson Group PLC lifted its holdings in 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 worth $1,104,945,000 after acquiring an additional 11,498,509 shares in the last quarter. Vanguard Group Inc. lifted its holdings in salesforce.com by 5.2% during the second quarter. Vanguard Group Inc. now owns 46,149,530 shares of the CRM provider’s stock worth $3,996,548,000 after acquiring an additional 2,268,623 shares in the last quarter. Tybourne Capital Management HK Ltd. lifted its holdings in salesforce.com by 76.5% during the second quarter. Tybourne Capital Management HK Ltd. now owns 4,738,144 shares of the CRM provider’s stock worth $410,323,000 after acquiring an additional 2,053,200 shares in the last quarter. Coatue Management LLC bought a new position in salesforce.com during the second quarter worth about $94,297,000. Finally, Matrix Capital Management Company LP bought a new position in salesforce.com during the second quarter worth about $86,600,000. Institutional investors and hedge funds own 85.57% of the company’s stock.
CRM has been the topic of several recent analyst reports. Vetr lowered salesforce.com from a “buy” rating to a “hold” rating and set a $107.78 target price on the stock. in a report on Monday, December 11th. Piper Jaffray Companies reiterated a “buy” rating and set a $115.00 target price on shares of salesforce.com in a report on Wednesday, November 1st. Canaccord Genuity reiterated a “buy” rating on shares of salesforce.com in a report on Monday, September 11th. Cowen reiterated a “buy” rating and set a $118.00 target price on shares of salesforce.com in a report on Tuesday, November 21st. Finally, Oppenheimer reiterated a “buy” rating and set a $125.00 target price (up from $100.00) on shares of salesforce.com in a report on Wednesday, November 22nd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and forty-three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $112.60.
salesforce.com (NYSE:CRM) last released its earnings results on Tuesday, November 21st. The CRM provider reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.65 billion. salesforce.com had a return on equity of 2.81% and a net margin of 0.09%. salesforce.com’s quarterly revenue was up 25.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.24 earnings per share. research analysts anticipate that salesforce.com, inc. will post 0.43 EPS for the current year.
In other salesforce.com news, insider Parker Harris sold 8,026 shares of the business’s stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $96.44, for a total transaction of $774,027.44. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Marc Benioff sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $108.60, for a total value of $543,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 626,808 shares of company stock worth $65,138,823. 6.20% of the stock is owned by company insiders.
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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