Private Wealth Partners LLC trimmed its holdings in shares of salesforce.com, inc. (NYSE:CRM) by 1.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,677 shares of the CRM provider’s stock after selling 299 shares during the quarter. Private Wealth Partners LLC’s holdings in salesforce.com were worth $4,503,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of CRM. BlackRock Inc. increased its position in shares of salesforce.com by 4.7% during the 1st quarter. BlackRock Inc. now owns 53,665,349 shares of the CRM provider’s stock worth $8,498,982,000 after purchasing an additional 2,395,193 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of salesforce.com by 12.9% during the 2nd quarter. Janus Henderson Group PLC now owns 13,247,900 shares of the CRM provider’s stock worth $2,009,810,000 after purchasing an additional 1,516,132 shares during the last quarter. FIL Ltd increased its position in shares of salesforce.com by 158.1% during the 1st quarter. FIL Ltd now owns 1,901,195 shares of the CRM provider’s stock worth $301,093,000 after purchasing an additional 1,164,713 shares during the last quarter. FMR LLC increased its position in shares of salesforce.com by 0.8% during the 1st quarter. FMR LLC now owns 89,716,274 shares of the CRM provider’s stock worth $14,208,366,000 after purchasing an additional 698,321 shares during the last quarter. Finally, Swedbank increased its position in shares of salesforce.com by 40.7% during the 2nd quarter. Swedbank now owns 1,711,659 shares of the CRM provider’s stock worth $259,710,000 after purchasing an additional 495,428 shares during the last quarter. 82.03% of the stock is owned by hedge funds and other institutional investors.
Shares of CRM traded up $0.21 during midday trading on Thursday, hitting $147.59. The company had a trading volume of 4,314,497 shares, compared to its average volume of 7,845,927. The company’s 50-day simple moving average is $151.68 and its 200-day simple moving average is $156.26. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market capitalization of $111.49 billion, a P/E ratio of 101.78, a P/E/G ratio of 5.24 and a beta of 1.27. salesforce.com, inc. has a 1 year low of $113.60 and a 1 year high of $167.56.
salesforce.com (NYSE:CRM) last announced its quarterly earnings data on Tuesday, June 4th. The CRM provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.32. The business had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.68 billion. salesforce.com had a return on equity of 8.18% and a net margin of 8.26%. The business’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.74 EPS. Equities analysts predict that salesforce.com, inc. will post 1.26 earnings per share for the current fiscal year.
In other news, CAO Joe Allanson sold 168 shares of the firm’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $153.88, for a total transaction of $25,851.84. Following the sale, the chief accounting officer now owns 30,641 shares of the company’s stock, valued at approximately $4,715,037.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Marc Benioff sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $155.03, for a total value of $775,150.00. The disclosure for this sale can be found here. Insiders have sold a total of 292,406 shares of company stock worth $44,508,186 in the last three months. Corporate insiders own 5.50% of the company’s stock.
A number of brokerages recently issued reports on CRM. Monness Crespi & Hardt reissued a “buy” rating and set a $200.00 price objective (up from $195.00) on shares of salesforce.com in a research report on Wednesday, June 5th. Bank of America restated a “buy” rating and set a $200.00 target price on shares of salesforce.com in a report on Wednesday, June 5th. ValuEngine cut salesforce.com from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Credit Suisse Group restated an “outperform” rating on shares of salesforce.com in a report on Thursday, June 6th. Finally, UBS Group set a $190.00 target price on salesforce.com and gave the company a “buy” rating in a report on Tuesday, June 11th. Four equities research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. salesforce.com currently has a consensus rating of “Buy” and an average target price of $179.79.
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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