Windward Capital Management Co. CA raised its position in shares of Salesforce.com Inc (NYSE:CRM) by 1.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 256,950 shares of the CRM provider’s stock after buying an additional 2,739 shares during the period. Salesforce.com makes up about 3.8% of Windward Capital Management Co. CA’s portfolio, making the stock its 5th largest position. Windward Capital Management Co. CA’s holdings in Salesforce.com were worth $22,252,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. First Personal Financial Services increased its stake in shares of Salesforce.com by 7.5% in the first quarter. First Personal Financial Services now owns 1,611 shares of the CRM provider’s stock valued at $133,000 after buying an additional 112 shares in the last quarter. Dubuque Bank & Trust Co. increased its stake in shares of Salesforce.com by 387.1% in the first quarter. Dubuque Bank & Trust Co. now owns 1,622 shares of the CRM provider’s stock valued at $134,000 after buying an additional 1,289 shares in the last quarter. Harfst & Associates Inc. purchased a new stake in shares of Salesforce.com during the first quarter valued at $141,000. Acrospire Investment Management LLC increased its stake in shares of Salesforce.com by 35.7% in the first quarter. Acrospire Investment Management LLC now owns 1,900 shares of the CRM provider’s stock valued at $157,000 after buying an additional 500 shares in the last quarter. Finally, Pinnacle Bank purchased a new stake in shares of Salesforce.com during the first quarter valued at $181,000. 85.62% of the stock is currently owned by institutional investors.
Salesforce.com Inc (NYSE:CRM) traded down 0.79% during midday trading on Monday, reaching $89.29. 2,468,374 shares of the company were exchanged. The company has a 50 day moving average of $88.71 and a 200-day moving average of $82.11. The company has a market capitalization of $63.59 billion, a price-to-earnings ratio of 472.43 and a beta of 1.28. Salesforce.com Inc has a 52-week low of $66.43 and a 52-week high of $91.99.
Salesforce.com (NYSE:CRM) last released its quarterly earnings data on Thursday, May 18th. The CRM provider reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.02. The firm had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.35 billion. Salesforce.com had a return on equity of 1.80% and a net margin of 1.49%. Salesforce.com’s revenue was up 24.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.24 earnings per share. On average, equities research analysts anticipate that Salesforce.com Inc will post $1.30 earnings per share for the current fiscal year.
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Several equities research analysts have recently weighed in on CRM shares. Oppenheimer Holdings, Inc. reissued a “hold” rating and issued a $100.00 target price (up previously from $95.00) on shares of Salesforce.com in a research note on Friday, May 19th. Zacks Investment Research downgraded shares of Salesforce.com from a “buy” rating to a “hold” rating in a research note on Wednesday, May 10th. SunTrust Banks, Inc. started coverage on shares of Salesforce.com in a research note on Monday, June 26th. They issued a “buy” rating and a $110.00 target price on the stock. Vetr downgraded shares of Salesforce.com from a “strong-buy” rating to a “buy” rating and set a $97.77 target price on the stock. in a research note on Tuesday, July 11th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $90.00 target price on shares of Salesforce.com in a research note on Saturday, March 25th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and forty-one have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $97.41.
In related news, Chairman Marc Benioff sold 20,000 shares of the stock in a transaction on Monday, April 24th. The stock was sold at an average price of $83.98, for a total transaction of $1,679,600.00. Following the sale, the chairman now owns 34,195,300 shares of the company’s stock, valued at $2,871,721,294. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Keith Block sold 10,000 shares of the stock in a transaction on Tuesday, April 18th. The shares were sold at an average price of $84.21, for a total value of $842,100.00. Following the sale, the insider now directly owns 10,000 shares in the company, valued at approximately $842,100. The disclosure for this sale can be found here. Insiders sold 1,389,961 shares of company stock valued at $124,011,690 in the last quarter. 6.70% of the stock is currently owned by company insiders.
Salesforce.com Company Profile
Salesforce.com, inc. is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management (CRM). The Company focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies. The Company’s service offerings are configured and integrated with other platforms and enterprise applications.
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