Pillar Pacific Capital Management LLC Has $11.02 Million Stock Holdings in salesforce.com, inc. (NYSE:CRM)

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Pillar Pacific Capital Management LLC boosted its stake in shares of salesforce.com, inc. (NYSE:CRM) by 0.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 72,642 shares of the CRM provider’s stock after purchasing an additional 529 shares during the period. salesforce.com accounts for about 1.2% of Pillar Pacific Capital Management LLC’s investment portfolio, making the stock its 15th biggest holding. Pillar Pacific Capital Management LLC’s holdings in salesforce.com were worth $11,022,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Chemung Canal Trust Co. boosted its position in salesforce.com by 1.2% during the second quarter. Chemung Canal Trust Co. now owns 44,078 shares of the CRM provider’s stock valued at $6,688,000 after purchasing an additional 505 shares during the last quarter. Hills Bank & Trust Co. boosted its position in salesforce.com by 5.3% during the second quarter. Hills Bank & Trust Co. now owns 9,480 shares of the CRM provider’s stock valued at $1,438,000 after purchasing an additional 473 shares during the last quarter. Chicago Capital LLC boosted its position in salesforce.com by 3.1% during the second quarter. Chicago Capital LLC now owns 209,748 shares of the CRM provider’s stock valued at $31,825,000 after purchasing an additional 6,237 shares during the last quarter. Retirement Systems of Alabama boosted its position in salesforce.com by 1.0% during the second quarter. Retirement Systems of Alabama now owns 612,105 shares of the CRM provider’s stock valued at $92,875,000 after purchasing an additional 5,888 shares during the last quarter. Finally, Aviva PLC boosted its position in salesforce.com by 0.6% during the second quarter. Aviva PLC now owns 495,861 shares of the CRM provider’s stock valued at $75,237,000 after purchasing an additional 3,145 shares during the last quarter. 82.03% of the stock is owned by hedge funds and other institutional investors.

In other salesforce.com news, insider Parker Harris sold 620 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $156.09, for a total transaction of $96,775.80. Following the transaction, the insider now owns 30,281 shares in the company, valued at approximately $4,726,561.29. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Marc Benioff sold 5,000 shares of the firm’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $158.94, for a total value of $794,700.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 301,802 shares of company stock worth $45,891,621. Corporate insiders own 5.50% of the company’s stock.

Shares of NYSE CRM traded up $3.33 during trading hours on Friday, reaching $151.57. 25,282,773 shares of the stock were exchanged, compared to its average volume of 8,265,464. The firm has a market capitalization of $115.03 billion, a price-to-earnings ratio of 104.53, a P/E/G ratio of 5.42 and a beta of 1.27. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.96 and a current ratio of 0.96. salesforce.com, inc. has a 52 week low of $113.60 and a 52 week high of $167.56. The stock’s fifty day simple moving average is $151.46 and its 200 day simple moving average is $156.21.

salesforce.com (NYSE:CRM) last announced its earnings results on Thursday, August 22nd. The CRM provider reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.57. The company had revenue of $4 billion for the quarter, compared to analyst estimates of $3.96 billion. salesforce.com had a return on equity of 7.44% and a net margin of 6.45%. The firm’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.71 earnings per share. Research analysts predict that salesforce.com, inc. will post 1.26 EPS for the current fiscal year.

Several analysts have issued reports on CRM shares. TheStreet lowered salesforce.com from a “b” rating to a “c” rating in a research note on Thursday. Credit Suisse Group set a $175.00 price objective on salesforce.com and gave the company a “buy” rating in a research note on Thursday. Barclays upped their price objective on salesforce.com from $182.00 to $184.00 and gave the company an “overweight” rating in a research note on Friday. Wedbush restated an “outperform” rating and issued a $184.00 price objective (down previously from $192.00) on shares of salesforce.com in a research note on Tuesday, August 20th. Finally, OTR Global upgraded salesforce.com to a “positive” rating in a research note on Thursday, August 15th. Four analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $182.03.

About salesforce.com

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.

See Also: What does a hold rating mean?

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

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