Teachers Advisors LLC boosted its stake in shares of salesforce.com, inc. (NYSE:CRM) by 5.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,013,067 shares of the CRM provider’s stock after purchasing an additional 157,353 shares during the quarter. Teachers Advisors LLC’s holdings in salesforce.com were worth $308,026,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Janus Henderson Group PLC grew its position in shares of salesforce.com by 5.3% during the 3rd quarter. Janus Henderson Group PLC now owns 13,435,212 shares of the CRM provider’s stock valued at $1,255,082,000 after acquiring an additional 675,471 shares during the period. Brown Advisory Inc. grew its position in shares of salesforce.com by 2.4% during the 4th quarter. Brown Advisory Inc. now owns 4,756,094 shares of the CRM provider’s stock valued at $486,216,000 after acquiring an additional 112,839 shares during the period. Tybourne Capital Management HK Ltd. grew its position in shares of salesforce.com by 27.8% during the 4th quarter. Tybourne Capital Management HK Ltd. now owns 4,346,500 shares of the CRM provider’s stock valued at $444,343,000 after acquiring an additional 945,000 shares during the period. Fred Alger Management Inc. grew its position in shares of salesforce.com by 2.1% during the 4th quarter. Fred Alger Management Inc. now owns 3,683,014 shares of the CRM provider’s stock valued at $376,515,000 after acquiring an additional 76,255 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of salesforce.com by 323.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,568,872 shares of the CRM provider’s stock valued at $364,846,000 after acquiring an additional 2,725,972 shares during the period. 86.68% of the stock is currently owned by institutional investors.
salesforce.com, inc. (NYSE CRM) opened at $127.41 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.82 and a current ratio of 0.92. The company has a market cap of $92,028.25, a price-to-earnings ratio of 749.51, a P/E/G ratio of 5.86 and a beta of 1.25. salesforce.com, inc. has a 12 month low of $80.50 and a 12 month high of $127.50.
CRM has been the topic of several research analyst reports. Citigroup lifted their price objective on salesforce.com from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, March 1st. Vetr cut salesforce.com from a “buy” rating to a “hold” rating and set a $107.78 price objective on the stock. in a report on Monday, December 11th. Stifel Nicolaus lifted their price objective on salesforce.com from $120.00 to $142.00 and gave the stock a “buy” rating in a report on Thursday, March 1st. Cowen lifted their price objective on salesforce.com from $118.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. Finally, Oppenheimer reiterated a “buy” rating and issued a $125.00 price objective (up from $100.00) on shares of salesforce.com in a report on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and forty-four have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $123.51.
In related news, Chairman Marc Benioff sold 5,000 shares of the business’s stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $125.03, for a total transaction of $625,150.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark J. Hawkins sold 16,844 shares of the business’s stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $101.75, for a total transaction of $1,713,877.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 248,557 shares of company stock valued at $27,603,409. Insiders own 6.20% of the company’s stock.
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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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