Vontobel Swiss Wealth Advisors AG Raises Stock Position in salesforce.com, inc. (NYSE:CRM)

Vontobel Swiss Wealth Advisors AG grew its holdings in salesforce.com, inc. (NYSE:CRM) by 12.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,942 shares of the CRM provider’s stock after buying an additional 215 shares during the period. Vontobel Swiss Wealth Advisors AG’s holdings in salesforce.com were worth $411,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Northwest Investment Counselors LLC bought a new stake in shares of salesforce.com in the 1st quarter worth about $29,000. Wealthcare Capital Management LLC bought a new stake in shares of salesforce.com in the 1st quarter worth about $31,000. First Personal Financial Services bought a new stake in shares of salesforce.com in the 4th quarter worth about $32,000. Pacific Center for Financial Services lifted its holdings in shares of salesforce.com by 1,340.0% in the 4th quarter. Pacific Center for Financial Services now owns 144 shares of the CRM provider’s stock worth $32,000 after acquiring an additional 134 shares during the last quarter. Finally, Larson Financial Group LLC lifted its holdings in shares of salesforce.com by 93.4% in the 4th quarter. Larson Financial Group LLC now owns 147 shares of the CRM provider’s stock worth $33,000 after acquiring an additional 71 shares during the last quarter. 80.20% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently issued reports on CRM. UBS Group restated a “buy” rating and issued a $280.00 target price on shares of salesforce.com in a report on Tuesday, March 16th. Nord/LB lowered shares of salesforce.com from a “buy” rating to a “hold” rating in a report on Wednesday, March 24th. Wolfe Research initiated coverage on shares of salesforce.com in a report on Wednesday, April 28th. They set an “outperform” rating and a $270.00 price objective for the company. TheStreet upgraded shares of salesforce.com from a “c+” rating to a “b-” rating in a report on Monday, April 26th. Finally, Zacks Investment Research lowered shares of salesforce.com from a “hold” rating to a “sell” rating and set a $232.00 price objective for the company. in a report on Monday, March 1st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, twenty-six have assigned a buy rating and three have given a strong buy rating to the company’s stock. salesforce.com presently has a consensus rating of “Buy” and a consensus price target of $269.06.

NYSE:CRM traded down $4.87 during trading hours on Wednesday, hitting $210.69. 138,118 shares of the company were exchanged, compared to its average volume of 6,747,354. The stock has a market capitalization of $194.31 billion, a price-to-earnings ratio of 56.28, a PEG ratio of 5.42 and a beta of 1.17. salesforce.com, inc. has a 52-week low of $164.57 and a 52-week high of $284.50. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.22 and a quick ratio of 1.22. The company’s 50 day moving average price is $223.37 and its 200-day moving average price is $228.99.

salesforce.com (NYSE:CRM) last released its earnings results on Thursday, February 25th. The CRM provider reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.74. The company had revenue of $5.82 billion for the quarter, compared to the consensus estimate of $5.68 billion. salesforce.com had a net margin of 17.53% and a return on equity of 6.63%. On average, equities analysts predict that salesforce.com, inc. will post 2.81 earnings per share for the current year.

In other news, CEO Marc Benioff sold 68,398 shares of the company’s stock in a transaction on Friday, April 16th. The shares were sold at an average price of $231.58, for a total value of $15,839,608.84. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Parker Harris sold 4,300 shares of the company’s stock in a transaction on Tuesday, February 23rd. The shares were sold at an average price of $234.83, for a total transaction of $1,009,769.00. Following the completion of the sale, the insider now directly owns 69,445 shares in the company, valued at $16,307,769.35. The disclosure for this sale can be found here. Insiders sold a total of 172,335 shares of company stock worth $39,205,206 over the last ninety days. Insiders own 4.40% of the company’s stock.

About salesforce.com

salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management worldwide. 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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