salesforce.com, inc. (NYSE:CRM) Shares Sold by Pennsylvania Trust Co

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Pennsylvania Trust Co reduced its stake in salesforce.com, inc. (NYSE:CRM) by 9.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,728 shares of the CRM provider’s stock after selling 1,228 shares during the period. Pennsylvania Trust Co’s holdings in salesforce.com were worth $1,741,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CRM. Buckingham Capital Management Inc. increased its holdings in salesforce.com by 6.2% in the 1st quarter. Buckingham Capital Management Inc. now owns 34,547 shares of the CRM provider’s stock valued at $5,471,000 after purchasing an additional 2,028 shares in the last quarter. Fiera Capital Corp increased its holdings in salesforce.com by 341.3% in the 1st quarter. Fiera Capital Corp now owns 7,370 shares of the CRM provider’s stock valued at $1,167,000 after purchasing an additional 5,700 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in salesforce.com by 4.7% in the 1st quarter. Commonwealth Equity Services LLC now owns 122,073 shares of the CRM provider’s stock valued at $19,332,000 after purchasing an additional 5,466 shares in the last quarter. Edmond DE Rothschild Holding S.A. increased its holdings in salesforce.com by 63.7% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 10,881 shares of the CRM provider’s stock valued at $1,723,000 after purchasing an additional 4,234 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in salesforce.com by 1.3% in the 1st quarter. Northern Trust Corp now owns 10,683,259 shares of the CRM provider’s stock valued at $1,691,907,000 after purchasing an additional 140,368 shares in the last quarter. Hedge funds and other institutional investors own 73.65% of the company’s stock.

Shares of CRM stock opened at $146.41 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.97 and a current ratio of 0.97. salesforce.com, inc. has a one year low of $113.60 and a one year high of $167.56. The company’s 50-day simple moving average is $151.24 and its 200-day simple moving average is $154.19. The stock has a market capitalization of $127.96 billion, a price-to-earnings ratio of 100.97, a PEG ratio of 5.64 and a beta of 1.23.

salesforce.com (NYSE:CRM) last issued its quarterly earnings results on Thursday, August 22nd. The CRM provider reported $0.66 EPS for the quarter, topping the consensus estimate of $0.09 by $0.57. salesforce.com had a net margin of 6.45% and a return on equity of 7.26%. The business had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.96 billion. During the same quarter last year, the company posted $0.71 earnings per share. The company’s quarterly revenue was up 21.8% compared to the same quarter last year. As a group, research analysts forecast that salesforce.com, inc. will post 1.25 EPS for the current year.

In other salesforce.com news, Director Craig Conway sold 200 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $158.85, for a total value of $31,770.00. Following the transaction, the director now owns 9,336 shares of the company’s stock, valued at $1,483,023.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Amy E. Weaver sold 5,627 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $158.85, for a total transaction of $893,848.95. Following the completion of the transaction, the insider now directly owns 32,675 shares in the company, valued at approximately $5,190,423.75. The disclosure for this sale can be found here. Insiders have sold 282,339 shares of company stock worth $42,770,272 in the last ninety days. Corporate insiders own 5.50% of the company’s stock.

A number of research firms have weighed in on CRM. Jefferies Financial Group reissued a “buy” rating and issued a $171.00 price objective on shares of salesforce.com in a research report on Tuesday. BMO Capital Markets upped their price objective on shares of salesforce.com from $185.00 to $188.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. Monness Crespi & Hardt upped their price objective on shares of salesforce.com from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. FBN Securities set a $200.00 price objective on shares of salesforce.com and gave the company a “buy” rating in a research report on Friday, August 23rd. Finally, Nomura upped their price objective on shares of salesforce.com from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Three investment analysts have rated the stock with a hold rating, thirty-six have given a buy rating and one has issued a strong buy rating to the stock. salesforce.com currently has an average rating of “Buy” and an average target price of $184.31.

salesforce.com Company 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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