Point72 Asset Management L.P. Has $35.54 Million Holdings in salesforce.com, inc. (CRM)

Point72 Asset Management L.P. grew its position in salesforce.com, inc. (NYSE:CRM) by 421.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 223,500 shares of the CRM provider’s stock after purchasing an additional 180,600 shares during the period. Point72 Asset Management L.P.’s holdings in salesforce.com were worth $35,543,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CRM. Botty Investors LLC acquired a new stake in salesforce.com in the third quarter worth $123,000. Psagot Investment House Ltd. acquired a new stake in salesforce.com in the third quarter worth $134,000. Resources Investment Advisors Inc. raised its holdings in salesforce.com by 328.2% in the second quarter. Resources Investment Advisors Inc. now owns 1,259 shares of the CRM provider’s stock worth $172,000 after purchasing an additional 965 shares during the period. United Capital Management of KS Inc. acquired a new stake in salesforce.com in the third quarter worth $193,000. Finally, Nikulski Financial Inc. acquired a new stake in salesforce.com in the third quarter worth $200,000. Institutional investors own 81.89% of the company’s stock.

NYSE CRM opened at $137.04 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.22. The stock has a market cap of $104.84 billion, a PE ratio of 304.53, a P/E/G ratio of 4.16 and a beta of 1.42. salesforce.com, inc. has a 52-week low of $101.32 and a 52-week high of $161.19.

salesforce.com (NYSE:CRM) last posted its earnings results on Tuesday, November 27th. The CRM provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.11. The company had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.37 billion. salesforce.com had a net margin of 6.51% and a return on equity of 8.06%. salesforce.com’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.39 EPS. As a group, equities research analysts expect that salesforce.com, inc. will post 1.32 earnings per share for the current year.

CRM has been the topic of several analyst reports. Royal Bank of Canada increased their target price on shares of salesforce.com to $182.00 in a report on Thursday, September 27th. They noted that the move was a valuation call. Wedbush increased their target price on shares of salesforce.com from $160.00 to $166.00 in a report on Sunday, December 2nd. UBS Group raised their price objective on shares of salesforce.com from $168.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, August 30th. Canaccord Genuity raised their price objective on shares of salesforce.com from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, August 30th. Finally, Monness Crespi & Hardt restated a “buy” rating and set a $170.00 price objective (up from $158.00) on shares of salesforce.com in a report on Thursday, August 30th. Four research analysts have rated the stock with a hold rating, thirty-five have issued a buy rating and one has given a strong buy rating to the company. salesforce.com presently has a consensus rating of “Buy” and an average target price of $168.08.

In related news, Director Susan Wojcicki bought 6,000 shares of the business’s stock in a transaction dated Monday, September 17th. The stock was bought at an average price of $157.57 per share, for a total transaction of $945,420.00. Following the purchase, the director now owns 90,320 shares in the company, valued at approximately $14,231,722.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Cynthia G. Robbins sold 1,583 shares of the firm’s stock in a transaction dated Friday, December 14th. The stock was sold at an average price of $138.84, for a total transaction of $219,783.72. Following the sale, the insider now owns 230 shares of the company’s stock, valued at approximately $31,933.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 359,083 shares of company stock valued at $50,766,496. 6.00% of the stock is currently owned by corporate insiders.

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salesforce.com Profile

salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management. The company offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, and gain insights through analytics and relationship intelligence, as well as deliver quotes, contracts, and invoices.

Further Reading: Systematic Risk

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

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