Oregon Public Employees Retirement Fund grew its holdings in salesforce.com, inc. (NYSE:CRM) by 79.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 203,110 shares of the CRM provider’s stock after buying an additional 90,157 shares during the quarter. salesforce.com makes up 0.6% of Oregon Public Employees Retirement Fund’s portfolio, making the stock its 29th largest position. Oregon Public Employees Retirement Fund’s holdings in salesforce.com were worth $45,198,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in CRM. Dimension Capital Management LLC acquired a new stake in salesforce.com in the third quarter worth about $26,000. Trustcore Financial Services LLC increased its position in salesforce.com by 116.9% in the third quarter. Trustcore Financial Services LLC now owns 128 shares of the CRM provider’s stock worth $32,000 after purchasing an additional 69 shares during the period. First Personal Financial Services acquired a new stake in salesforce.com in the fourth quarter worth about $32,000. Larson Financial Group LLC increased its position in salesforce.com by 93.4% in the fourth quarter. Larson Financial Group LLC now owns 147 shares of the CRM provider’s stock worth $33,000 after purchasing an additional 71 shares during the period. Finally, Flagship Private Wealth LLC acquired a new stake in salesforce.com in the fourth quarter worth about $33,000. Institutional investors own 80.20% of the company’s stock.
NYSE CRM traded down $3.24 during trading on Tuesday, hitting $237.71. The stock had a trading volume of 211,725 shares, compared to its average volume of 6,987,337. The company has a market capitalization of $217.50 billion, a PE ratio of 62.91, a P/E/G ratio of 5.42 and a beta of 1.17. The company’s 50-day moving average price is $229.01 and its two-hundred day moving average price is $237.12. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.22 and a current ratio of 1.22. salesforce.com, inc. has a 12 month low of $115.29 and a 12 month high of $284.50.
A number of analysts recently commented on CRM shares. The Goldman Sachs Group started coverage on salesforce.com in a research report on Thursday, January 21st. They issued a “buy” rating and a $315.00 price objective for the company. OTR Global upgraded salesforce.com to a “positive” rating in a research report on Thursday, November 12th. Raymond James boosted their target price on salesforce.com from $255.00 to $280.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, December 2nd. JPMorgan Chase & Co. set a $250.00 target price on salesforce.com and gave the stock a “buy” rating in a research report on Wednesday, December 9th. Finally, Sanford C. Bernstein set a $234.00 target price on salesforce.com and gave the stock a “neutral” rating in a research report on Wednesday, December 2nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $264.83.
In other news, CAO Joe Allanson sold 313 shares of the company’s stock in a transaction that occurred on Wednesday, December 23rd. The stock was sold at an average price of $229.36, for a total transaction of $71,789.68. Following the sale, the chief accounting officer now owns 31,439 shares in the company, valued at approximately $7,210,849.04. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Srinivas Tallapragada sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, December 7th. The stock was sold at an average price of $227.74, for a total value of $1,138,700.00. Following the sale, the insider now owns 49,978 shares in the company, valued at approximately $11,381,989.72. The disclosure for this sale can be found here. In the last quarter, insiders have sold 73,144 shares of company stock worth $16,619,830. Company insiders own 4.40% of the company’s stock.
salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management worldwide. 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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