Financial Engines Advisors L.L.C. Purchases 3,351 Shares of Salesforce, Inc. (NYSE:CRM)

Financial Engines Advisors L.L.C. boosted its position in Salesforce, Inc. (NYSE:CRM) by 175.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,256 shares of the CRM provider’s stock after acquiring an additional 3,351 shares during the period. Financial Engines Advisors L.L.C.’s holdings in Salesforce were worth $1,757,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of CRM. Arlington Trust Co LLC raised its position in Salesforce by 85.1% during the 4th quarter. Arlington Trust Co LLC now owns 87 shares of the CRM provider’s stock valued at $29,000 after purchasing an additional 40 shares during the last quarter. Compass Financial Services Inc bought a new position in shares of Salesforce during the fourth quarter valued at approximately $30,000. Asset Planning Inc purchased a new stake in Salesforce in the fourth quarter worth $31,000. Collier Financial bought a new stake in Salesforce in the fourth quarter valued at $32,000. Finally, Infrastructure Capital Advisors LLC purchased a new position in Salesforce during the 3rd quarter valued at $27,000. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Insider Transactions at Salesforce

In other Salesforce news, CFO Amy E. Weaver sold 6,221 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $329.88, for a total transaction of $2,052,183.48. Following the completion of the transaction, the chief financial officer now owns 45,861 shares in the company, valued at $15,128,626.68. This trade represents a 11.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Parker Harris sold 652 shares of Salesforce stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $332.28, for a total transaction of $216,646.56. Following the completion of the transaction, the insider now directly owns 121,467 shares of the company’s stock, valued at $40,361,054.76. The trade was a 0.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,875 shares of company stock worth $13,580,649 in the last three months. Corporate insiders own 3.20% of the company’s stock.

Salesforce Stock Performance

Shares of NYSE CRM opened at $280.93 on Thursday. The firm has a 50 day moving average of $311.35 and a 200 day moving average of $310.74. The firm has a market capitalization of $269.97 billion, a price-to-earnings ratio of 46.21, a price-to-earnings-growth ratio of 2.58 and a beta of 1.35. Salesforce, Inc. has a 12-month low of $212.00 and a 12-month high of $369.00. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.14.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Bank of America cut their target price on shares of Salesforce from $440.00 to $400.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. BMO Capital Markets reiterated an “outperform” rating on shares of Salesforce in a report on Wednesday, March 19th. Oppenheimer lowered their target price on Salesforce from $415.00 to $380.00 and set an “outperform” rating for the company in a research note on Thursday, February 27th. Macquarie reaffirmed a “neutral” rating and issued a $320.00 price target on shares of Salesforce in a research note on Thursday, March 20th. Finally, Stifel Nicolaus dropped their target price on shares of Salesforce from $425.00 to $375.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-one have assigned a buy rating and five have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Salesforce currently has a consensus rating of “Moderate Buy” and a consensus target price of $362.74.

Salesforce Profile

Salesforce, Inc provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.