Mn Services Vermogensbeheer B.V. boosted its stake in salesforce.com, inc. (NYSE:CRM) by 238.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 382,339 shares of the CRM provider’s stock after purchasing an additional 269,225 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in salesforce.com were worth $45,811,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the stock. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of salesforce.com in the fourth quarter worth $28,000. Intercontinental Wealth Advisors LLC acquired a new position in shares of salesforce.com in the fourth quarter worth $36,000. Certified Advisory Corp grew its stake in shares of salesforce.com by 52.4% in the fourth quarter. Certified Advisory Corp now owns 291 shares of the CRM provider’s stock worth $40,000 after acquiring an additional 100 shares in the last quarter. Doyle Wealth Management acquired a new position in shares of salesforce.com in the fourth quarter worth $41,000. Finally, Ruggie Capital Group acquired a new position in shares of salesforce.com in the fourth quarter worth $45,000. Hedge funds and other institutional investors own 83.17% of the company’s stock.
In related news, insider Mark J. Hawkins sold 846 shares of the business’s stock in a transaction on Monday, December 10th. The shares were sold at an average price of $135.16, for a total value of $114,345.36. Following the completion of the sale, the insider now directly owns 25,193 shares of the company’s stock, valued at $3,405,085.88. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Amy E. Weaver sold 4,889 shares of the business’s stock in a transaction on Monday, December 17th. The shares were sold at an average price of $134.34, for a total transaction of $656,788.26. Following the completion of the sale, the insider now directly owns 24,185 shares of the company’s stock, valued at $3,249,012.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 530,235 shares of company stock valued at $76,122,446. 6.00% of the stock is owned by corporate insiders.
Several equities analysts have commented on CRM shares. Zacks Investment Research restated a “hold” rating on shares of salesforce.com in a research note on Monday, November 12th. Piper Jaffray Companies dropped their price target on shares of salesforce.com from $190.00 to $160.00 and set an “overweight” rating for the company in a research note on Wednesday, November 21st. Wedbush restated an “outperform” rating and issued a $180.00 price target (up previously from $160.00) on shares of salesforce.com in a research note on Monday, November 26th. Sanford C. Bernstein restated a “neutral” rating and issued a $149.00 price target on shares of salesforce.com in a research note on Wednesday, November 28th. Finally, Goldman Sachs Group restated a “buy” rating and issued a $168.00 price target on shares of salesforce.com in a research note on Wednesday, November 28th. Three analysts have rated the stock with a hold rating, thirty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $173.89.
Shares of CRM stock opened at $158.50 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market cap of $123.40 billion, a P/E ratio of 352.22, a PEG ratio of 5.23 and a beta of 1.37. salesforce.com, inc. has a 12 month low of $111.34 and a 12 month high of $166.15.
salesforce.com (NYSE:CRM) last issued its earnings results on Monday, March 4th. The CRM provider reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.15. salesforce.com had a net margin of 6.51% and a return on equity of 8.06%. During the same quarter in the prior year, the company earned $0.35 earnings per share. On average, sell-side analysts anticipate that salesforce.com, inc. will post 1.32 earnings per share for the current year.
salesforce.com Company 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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