Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Has $8.97 Million Position in Salesforce.com Inc (CRM)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. reduced its position in shares of Salesforce.com Inc (NYSE:CRM) by 0.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 103,622 shares of the CRM provider’s stock after selling 123 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Salesforce.com were worth $8,974,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Appropriate Balance Financial Services Inc. increased its position in shares of Salesforce.com by 6.9% in the second quarter. Appropriate Balance Financial Services Inc. now owns 513 shares of the CRM provider’s stock worth $5,928,000 after buying an additional 33 shares during the last quarter. Intrust Bank NA increased its position in shares of Salesforce.com by 0.4% in the first quarter. Intrust Bank NA now owns 8,862 shares of the CRM provider’s stock worth $731,000 after buying an additional 36 shares during the last quarter. King Luther Capital Management Corp increased its position in shares of Salesforce.com by 1.3% in the first quarter. King Luther Capital Management Corp now owns 3,233 shares of the CRM provider’s stock worth $267,000 after buying an additional 43 shares during the last quarter. Wellington Shields Capital Management LLC increased its position in shares of Salesforce.com by 0.3% in the first quarter. Wellington Shields Capital Management LLC now owns 15,350 shares of the CRM provider’s stock worth $1,266,000 after buying an additional 50 shares during the last quarter. Finally, Boltwood Capital Management increased its position in shares of Salesforce.com by 0.4% in the second quarter. Boltwood Capital Management now owns 13,655 shares of the CRM provider’s stock worth $1,182,000 after buying an additional 60 shares during the last quarter. 85.87% of the stock is owned by hedge funds and other institutional investors.

Salesforce.com Inc (CRM) opened at 87.63 on Friday. The firm has a market cap of $62.41 billion, a P/E ratio of 463.65 and a beta of 1.29. The firm has a 50 day moving average of $89.19 and a 200-day moving average of $85.57. Salesforce.com Inc has a 12 month low of $66.43 and a 12 month high of $92.13.

Salesforce.com (NYSE:CRM) last released its earnings results on Thursday, May 18th. The CRM provider reported $0.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.02. Salesforce.com had a net margin of 1.49% and a return on equity of 1.80%. The company had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter last year, the business earned $0.24 EPS. The business’s revenue was up 24.6% on a year-over-year basis. On average, equities research analysts forecast that Salesforce.com Inc will post $1.30 earnings per share for the current year.

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CRM has been the subject of several analyst reports. Northland Securities set a $105.00 price objective on shares of Salesforce.com and gave the stock a “buy” rating in a research note on Saturday, June 24th. MKM Partners reissued a “buy” rating and issued a $104.00 price objective (up previously from $98.00) on shares of Salesforce.com in a research note on Friday, May 19th. Jefferies Group LLC reissued a “hold” rating and issued a $80.00 price objective on shares of Salesforce.com in a research note on Monday, May 22nd. BTIG Research reissued a “buy” rating and issued a $100.00 price objective on shares of Salesforce.com in a research note on Monday, May 22nd. Finally, Vetr downgraded shares of Salesforce.com from a “buy” rating to a “hold” rating and set a $93.21 price objective for the company. in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirty-nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $97.31.

In related news, Chairman Marc Benioff sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $89.63, for a total value of $896,300.00. Following the completion of the sale, the chairman now owns 34,195,300 shares in the company, valued at $3,064,924,739. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Parker Harris sold 8,027 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $90.29, for a total transaction of $724,757.83. Following the completion of the sale, the insider now owns 49,913 shares of the company’s stock, valued at approximately $4,506,644.77. The disclosure for this sale can be found here. Insiders sold a total of 1,396,066 shares of company stock valued at $125,528,615 in the last 90 days. Company insiders own 6.70% of the company’s stock.

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

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