salesforce.com, inc. (CRM) Stake Lifted by Hollencrest Capital Management

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Hollencrest Capital Management lifted its position in shares of salesforce.com, inc. (NYSE:CRM) by 1.3% during the first quarter, HoldingsChannel.com reports. The fund owned 8,793 shares of the CRM provider’s stock after acquiring an additional 112 shares during the quarter. Hollencrest Capital Management’s holdings in salesforce.com were worth $1,392,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc lifted its stake in shares of salesforce.com by 4.6% in the 3rd quarter. Vanguard Group Inc now owns 54,471,296 shares of the CRM provider’s stock valued at $8,662,570,000 after purchasing an additional 2,398,648 shares during the period. IFP Advisors Inc lifted its stake in shares of salesforce.com by 96.7% in the 4th quarter. IFP Advisors Inc now owns 4,972 shares of the CRM provider’s stock valued at $670,000 after purchasing an additional 2,444 shares during the period. Eqis Capital Management Inc. lifted its stake in shares of salesforce.com by 19.0% in the 4th quarter. Eqis Capital Management Inc. now owns 4,031 shares of the CRM provider’s stock valued at $552,000 after purchasing an additional 643 shares during the period. State of New Jersey Common Pension Fund D lifted its stake in shares of salesforce.com by 40.4% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 599,255 shares of the CRM provider’s stock valued at $82,080,000 after purchasing an additional 172,500 shares during the period. Finally, CWM LLC lifted its stake in shares of salesforce.com by 19.8% in the 4th quarter. CWM LLC now owns 1,407 shares of the CRM provider’s stock valued at $193,000 after purchasing an additional 233 shares during the period. Institutional investors and hedge funds own 82.14% of the company’s stock.

A number of research firms have recently commented on CRM. Bank of America restated a “buy” rating and issued a $200.00 target price on shares of salesforce.com in a research note on Monday, May 20th. Exane BNP Paribas began coverage on salesforce.com in a research note on Friday, March 29th. They issued an “outperform” rating for the company. BNP Paribas assumed coverage on salesforce.com in a research note on Friday, March 29th. They issued an “outperform” rating for the company. Credit Suisse Group reaffirmed a “buy” rating and set a $175.00 price objective on shares of salesforce.com in a research report on Tuesday, March 5th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $180.00 price objective on shares of salesforce.com in a research report on Wednesday, April 17th. Three analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $177.82.

Shares of CRM opened at $154.51 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.95 and a quick ratio of 0.95. salesforce.com, inc. has a one year low of $113.60 and a one year high of $167.56. The firm has a market capitalization of $119.09 billion, a P/E ratio of 106.56, a PEG ratio of 5.70 and a beta of 1.37.

salesforce.com (NYSE:CRM) last issued its quarterly earnings data on Monday, March 4th. The CRM provider reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.14. salesforce.com had a return on equity of 8.42% and a net margin of 8.36%. The company had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.56 billion. During the same quarter in the previous year, the company posted $0.35 earnings per share. Equities research analysts predict that salesforce.com, inc. will post 1.18 EPS for the current fiscal year.

In related news, Director Craig Conway sold 200 shares of salesforce.com stock in a transaction on Monday, April 15th. The stock was sold at an average price of $161.00, for a total transaction of $32,200.00. Following the transaction, the director now directly owns 9,310 shares in the company, valued at $1,498,910. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Marc Benioff sold 15,000 shares of salesforce.com stock in a transaction on Friday, March 1st. The shares were sold at an average price of $163.31, for a total value of $2,449,650.00. The disclosure for this sale can be found here. Insiders sold 434,341 shares of company stock valued at $69,322,876 in the last ninety days. 5.50% of the stock is currently owned by corporate insiders.

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salesforce.com Profile

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