Banco Santander S.A. increased its holdings in shares of salesforce.com, inc. (NYSE:CRM) by 10.8% during the first quarter, HoldingsChannel reports. The institutional investor owned 152,186 shares of the CRM provider’s stock after purchasing an additional 14,892 shares during the quarter. Banco Santander S.A.’s holdings in salesforce.com were worth $23,827,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of CRM. Oregon Public Employees Retirement Fund grew its holdings in shares of salesforce.com by 29,364.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,716,594 shares of the CRM provider’s stock valued at $159,000 after buying an additional 21,642,889 shares in the last quarter. Norges Bank purchased a new position in shares of salesforce.com during the fourth quarter valued at $938,778,000. Lunia Capital LP purchased a new position in shares of salesforce.com during the fourth quarter valued at $5,811,000. BlackRock Inc. grew its stake in salesforce.com by 9.2% in the fourth quarter. BlackRock Inc. now owns 51,270,156 shares of the CRM provider’s stock valued at $7,022,474,000 after purchasing an additional 4,321,630 shares in the last quarter. Finally, Jennison Associates LLC grew its stake in salesforce.com by 18.3% in the fourth quarter. Jennison Associates LLC now owns 19,671,694 shares of the CRM provider’s stock valued at $2,694,432,000 after purchasing an additional 3,041,293 shares in the last quarter. Institutional investors and hedge funds own 82.14% of the company’s stock.
In related news, insider Mark J. Hawkins sold 846 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $163.84, for a total transaction of $138,608.64. Following the completion of the transaction, the insider now owns 20,348 shares of the company’s stock, valued at approximately $3,333,816.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Craig Conway sold 200 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $161.00, for a total value of $32,200.00. Following the transaction, the director now directly owns 9,310 shares of the company’s stock, valued at approximately $1,498,910. The disclosure for this sale can be found here. Insiders have sold a total of 418,666 shares of company stock valued at $66,561,480 in the last three months. 5.50% of the stock is owned by insiders.
salesforce.com (NYSE:CRM) last announced its quarterly earnings results on Tuesday, June 4th. The CRM provider reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.32. salesforce.com had a return on equity of 8.18% and a net margin of 8.26%. The company had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.68 billion. During the same quarter in the previous year, the firm earned $0.74 earnings per share. The business’s quarterly revenue was up 24.3% compared to the same quarter last year. As a group, analysts predict that salesforce.com, inc. will post 1.45 EPS for the current fiscal year.
A number of research analysts have commented on the company. 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. Nomura restated a “buy” rating on shares of salesforce.com in a research note on Tuesday, May 28th. UBS Group set a $190.00 target price on salesforce.com and gave the company a “buy” rating in a research note on Tuesday. ValuEngine downgraded salesforce.com from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Exane BNP Paribas assumed coverage on salesforce.com in a research note on Friday, March 29th. They issued an “outperform” rating on the stock. Four research analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and one has given a strong buy rating to the company. salesforce.com has an average rating of “Buy” and a consensus target price of $180.03.
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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