salesforce.com, inc. (CRM) Stake Lifted by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. grew its position in shares of salesforce.com, inc. (NYSE:CRM) by 39.8% in the fourth quarter, HoldingsChannel reports. The firm owned 4,412 shares of the CRM provider’s stock after purchasing an additional 1,257 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in salesforce.com were worth $451,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cypress Capital Group grew its position in shares of salesforce.com by 80.1% during the 3rd quarter. Cypress Capital Group now owns 29,439 shares of the CRM provider’s stock valued at $2,750,000 after purchasing an additional 13,090 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of salesforce.com by 23.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,228,004 shares of the CRM provider’s stock valued at $114,720,000 after purchasing an additional 235,869 shares in the last quarter. California Public Employees Retirement System grew its position in shares of salesforce.com by 16.3% during the 3rd quarter. California Public Employees Retirement System now owns 1,489,884 shares of the CRM provider’s stock valued at $139,185,000 after purchasing an additional 209,184 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH grew its position in shares of salesforce.com by 405.5% during the 3rd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 134,916 shares of the CRM provider’s stock valued at $12,532,000 after purchasing an additional 108,229 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its position in salesforce.com by 12.0% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 252,407 shares of the CRM provider’s stock worth $21,859,000 after acquiring an additional 27,000 shares in the last quarter. Hedge funds and other institutional investors own 85.64% of the company’s stock.

In other salesforce.com news, CFO Mark J. Hawkins sold 4,905 shares of the company’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $99.30, for a total value of $487,066.50. Following the sale, the chief financial officer now owns 20,185 shares in the company, valued at $2,004,370.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Joe Allanson sold 622 shares of the company’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $106.77, for a total transaction of $66,410.94. Following the completion of the sale, the chief accounting officer now owns 29,062 shares in the company, valued at approximately $3,102,949.74. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 511,015 shares of company stock valued at $54,291,392. Insiders own 6.20% of the company’s stock.

salesforce.com, inc. (NYSE:CRM) opened at $111.93 on Friday. The company has a market cap of $80,850.00, a PE ratio of 11,193.00, a PEG ratio of 10.43 and a beta of 1.24. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.82 and a current ratio of 0.82. salesforce.com, inc. has a one year low of $75.43 and a one year high of $112.40.

salesforce.com (NYSE:CRM) last issued its quarterly earnings data on Tuesday, November 21st. The CRM provider reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. The firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.65 billion. salesforce.com had a net margin of 0.09% and a return on equity of 2.81%. The company’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.24 earnings per share. sell-side analysts predict that salesforce.com, inc. will post 0.43 EPS for the current year.

Several brokerages recently issued reports on CRM. Barclays reiterated an “overweight” rating and issued a $127.00 target price (up from $117.00) on shares of salesforce.com in a research report on Thursday. Guggenheim reiterated a “buy” rating and issued a $128.00 target price on shares of salesforce.com in a research report on Thursday, January 11th. Piper Jaffray Companies reiterated a “buy” rating on shares of salesforce.com in a research report on Tuesday, September 26th. Cowen reiterated an “outperform” rating and issued a $105.00 target price (up from $100.00) on shares of salesforce.com in a research report on Tuesday, October 3rd. Finally, Robert W. Baird set a $110.00 target price on shares of salesforce.com and gave the stock a “buy” rating in a research report on Sunday, October 1st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and forty-three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $112.86.

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About salesforce.com

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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