2,785 Shares in salesforce.com, inc. (CRM) Acquired by Argus Investors Counsel Inc.

Argus Investors Counsel Inc. bought a new stake in salesforce.com, inc. (NYSE:CRM) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,785 shares of the CRM provider’s stock, valued at approximately $441,000.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in salesforce.com by 4.6% in the 3rd quarter. Vanguard Group Inc. now owns 54,471,296 shares of the CRM provider’s stock valued at $8,662,570,000 after acquiring an additional 2,398,648 shares during the period. Vanguard Group Inc increased its holdings in shares of salesforce.com by 4.6% during the third quarter. Vanguard Group Inc now owns 54,471,296 shares of the CRM provider’s stock worth $8,662,570,000 after purchasing an additional 2,398,648 shares during the period. BlackRock Inc. increased its holdings in shares of salesforce.com by 9.2% during the fourth quarter. BlackRock Inc. now owns 51,270,156 shares of the CRM provider’s stock worth $7,022,474,000 after purchasing an additional 4,321,630 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in shares of salesforce.com by 29,364.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,716,594 shares of the CRM provider’s stock worth $159,000 after purchasing an additional 21,642,889 shares during the period. Finally, Jennison Associates LLC increased its holdings in shares of salesforce.com by 18.3% during the fourth quarter. Jennison Associates LLC now owns 19,671,694 shares of the CRM provider’s stock worth $2,694,432,000 after purchasing an additional 3,041,293 shares during the period. Institutional investors and hedge funds own 83.02% of the company’s stock.

In other salesforce.com news, CEO Marc Benioff sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, January 18th. The shares were sold at an average price of $152.15, for a total value of $760,750.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Srinivas Tallapragada sold 362 shares of the firm’s stock in a transaction that occurred on Wednesday, January 23rd. The shares were sold at an average price of $149.15, for a total transaction of $53,992.30. Following the completion of the sale, the insider now owns 1,517 shares in the company, valued at approximately $226,260.55. The disclosure for this sale can be found here. Insiders sold 437,752 shares of company stock worth $69,193,495 in the last 90 days. Company insiders own 6.00% of the company’s stock.

Shares of salesforce.com stock opened at $158.69 on Wednesday. salesforce.com, inc. has a fifty-two week low of $113.60 and a fifty-two week high of $166.99. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $123.39 billion, a price-to-earnings ratio of 109.44, a P/E/G ratio of 5.36 and a beta of 1.39.

salesforce.com (NYSE:CRM) last issued its earnings results on Monday, March 4th. The CRM provider reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.14. salesforce.com had a net margin of 8.36% and a return on equity of 8.42%. The firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.56 billion. During the same quarter last year, the business posted $0.35 earnings per share. Equities analysts anticipate that salesforce.com, inc. will post 1.31 EPS for the current fiscal year.

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. set a $180.00 target price on shares of salesforce.com and gave the stock a “buy” rating in a report on Wednesday. Exane BNP Paribas assumed coverage on shares of salesforce.com in a report on Friday, March 29th. They set an “outperform” rating on the stock. BNP Paribas assumed coverage on shares of salesforce.com in a report on Friday, March 29th. They set an “outperform” rating on the stock. Credit Suisse Group reaffirmed a “buy” rating and set a $175.00 target price on shares of salesforce.com in a report on Tuesday, March 5th. Finally, Wedbush reissued an “outperform” rating and issued a $166.00 price objective on shares of salesforce.com in a research note on Monday, January 7th. Three investment analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. salesforce.com currently has a consensus rating of “Buy” and a consensus target price of $177.82.

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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.

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

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