Robeco Institutional Asset Management B.V. grew its position in salesforce.com, inc. (NYSE:CRM) by 128.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,197 shares of the CRM provider’s stock after purchasing an additional 13,035 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in salesforce.com were worth $2,371,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. raised its position in shares of salesforce.com by 0.6% in the second quarter. Ameritas Investment Partners Inc. now owns 15,158 shares of the CRM provider’s stock valued at $1,313,000 after purchasing an additional 93 shares during the period. Linscomb & Williams Inc. raised its position in shares of salesforce.com by 2.5% in the second quarter. Linscomb & Williams Inc. now owns 4,187 shares of the CRM provider’s stock valued at $363,000 after purchasing an additional 104 shares during the period. National Asset Management Inc. raised its position in shares of salesforce.com by 6.2% in the second quarter. National Asset Management Inc. now owns 4,304 shares of the CRM provider’s stock valued at $373,000 after purchasing an additional 253 shares during the period. King Luther Capital Management Corp raised its position in shares of salesforce.com by 16.3% in the third quarter. King Luther Capital Management Corp now owns 3,414 shares of the CRM provider’s stock valued at $319,000 after purchasing an additional 479 shares during the period. Finally, Whalerock Point Partners LLC raised its position in shares of salesforce.com by 16.1% in the third quarter. Whalerock Point Partners LLC now owns 3,615 shares of the CRM provider’s stock valued at $338,000 after purchasing an additional 500 shares during the period. 85.65% of the stock is currently owned by institutional investors.
Shares of salesforce.com, inc. (CRM) opened at $110.78 on Monday. salesforce.com, inc. has a 52 week low of $79.35 and a 52 week high of $114.52. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.08. The company has a market cap of $80,016.40, a price-to-earnings ratio of 346.19, a PEG ratio of 6.14 and a beta of 1.32.
salesforce.com (NYSE:CRM) last issued its earnings results on Tuesday, November 21st. The CRM provider reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. salesforce.com had a net margin of 0.09% and a return on equity of 2.81%. The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the previous year, the company earned $0.24 EPS. The firm’s revenue for the quarter was up 25.0% compared to the same quarter last year. sell-side analysts expect that salesforce.com, inc. will post 0.43 earnings per share for the current fiscal year.
In other news, insider Parker Harris sold 8,026 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $102.58, for a total value of $823,307.08. Following the sale, the insider now owns 19,261 shares in the company, valued at approximately $1,975,793.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Keith Block sold 10,000 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $102.49, for a total transaction of $1,024,900.00. Following the completion of the sale, the insider now owns 24,154 shares in the company, valued at approximately $2,475,543.46. The disclosure for this sale can be found here. Insiders sold a total of 486,626 shares of company stock worth $52,416,856 in the last 90 days. 6.20% of the stock is owned by corporate insiders.
A number of research firms have recently commented on CRM. Guggenheim reissued a “buy” rating and issued a $128.00 price target on shares of salesforce.com in a research report on Thursday, January 11th. Cleveland Research assumed coverage on shares of salesforce.com in a research report on Wednesday, January 31st. They issued a “buy” rating on the stock. Goldman Sachs Group set a $110.00 price objective on shares of salesforce.com and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Barclays restated an “overweight” rating and issued a $127.00 price objective (up previously from $117.00) on shares of salesforce.com in a research note on Thursday, January 18th. Finally, Mizuho restated a “buy” rating and issued a $120.00 price objective (up previously from $110.00) on shares of salesforce.com in a research note on Monday, November 13th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and forty-four have assigned a buy rating to the company’s stock. salesforce.com currently has a consensus rating of “Buy” and an average price target of $112.86.
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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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