salesforce.com, inc. (CRM) Holdings Boosted by Swiss National Bank

Swiss National Bank increased its position in salesforce.com, inc. (NYSE:CRM) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,516,972 shares of the CRM provider’s stock after acquiring an additional 22,700 shares during the period. Swiss National Bank’s holdings in salesforce.com were worth $257,310,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. grew its holdings in shares of salesforce.com by 0.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 15,158 shares of the CRM provider’s stock worth $1,313,000 after acquiring an additional 93 shares during the period. National Asset Management Inc. grew its holdings in shares of salesforce.com by 6.2% in the 2nd quarter. National Asset Management Inc. now owns 4,304 shares of the CRM provider’s stock worth $373,000 after acquiring an additional 253 shares during the period. Sandy Spring Bank grew its holdings in shares of salesforce.com by 1.7% in the 4th quarter. Sandy Spring Bank now owns 27,382 shares of the CRM provider’s stock worth $2,799,000 after acquiring an additional 470 shares during the period. King Luther Capital Management Corp grew its holdings in shares of salesforce.com by 16.3% in the 3rd quarter. King Luther Capital Management Corp now owns 3,414 shares of the CRM provider’s stock worth $319,000 after acquiring an additional 479 shares during the period. Finally, Whalerock Point Partners LLC grew its holdings in shares of salesforce.com by 16.1% in the 3rd quarter. Whalerock Point Partners LLC now owns 3,615 shares of the CRM provider’s stock worth $338,000 after acquiring an additional 500 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.

salesforce.com, inc. (CRM) opened at $106.98 on Friday. salesforce.com, inc. has a 52 week low of $80.25 and a 52 week high of $114.52. The firm has a market capitalization of $75,140.88, a price-to-earnings ratio of 10,698.00, a price-to-earnings-growth ratio of 5.76 and a beta of 1.32. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.08.

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

In related news, insider Alexandre Dayon sold 180,748 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $109.02, for a total value of $19,705,146.96. Following the transaction, the insider now directly owns 210,823 shares of the company’s stock, valued at approximately $22,983,923.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Parker Harris sold 8,026 shares of the stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $105.96, for a total value of $850,434.96. Following the completion of the transaction, the insider now directly owns 19,261 shares in the company, valued at $2,040,895.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 480,579 shares of company stock worth $51,957,770. Corporate insiders own 6.20% of the company’s stock.

CRM has been the topic of a number of research reports. KeyCorp restated a “buy” rating and issued a $108.00 price target on shares of salesforce.com in a report on Wednesday, November 8th. Citigroup upped their price target on salesforce.com to $124.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. Piper Jaffray Companies restated a “buy” rating and issued a $115.00 price target on shares of salesforce.com in a report on Wednesday, November 1st. SunTrust Banks restated a “buy” rating and issued a $114.00 price target on shares of salesforce.com in a report on Friday, November 3rd. Finally, Royal Bank of Canada restated a “buy” rating and issued a $109.00 price target on shares of salesforce.com in a report on Friday, October 20th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and forty-five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $113.62.

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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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