Vestmark Advisory Solutions Inc. Has $784,000 Position in salesforce.com, inc. (NYSE:CRM)

Vestmark Advisory Solutions Inc. reduced its stake in salesforce.com, inc. (NYSE:CRM) by 12.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 5,280 shares of the CRM provider’s stock after selling 764 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in salesforce.com were worth $784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in CRM. Buckingham Capital Management Inc. grew its holdings in shares of salesforce.com by 6.2% during the first quarter. Buckingham Capital Management Inc. now owns 34,547 shares of the CRM provider’s stock worth $5,471,000 after buying an additional 2,028 shares during the last quarter. Neville Rodie & Shaw Inc. grew its holdings in shares of salesforce.com by 1.3% during the second quarter. Neville Rodie & Shaw Inc. now owns 43,265 shares of the CRM provider’s stock worth $6,565,000 after buying an additional 548 shares during the last quarter. Thomasville National Bank grew its holdings in shares of salesforce.com by 1.4% during the second quarter. Thomasville National Bank now owns 63,322 shares of the CRM provider’s stock worth $9,608,000 after buying an additional 884 shares during the last quarter. Private Trust Co. NA grew its holdings in shares of salesforce.com by 5.3% during the second quarter. Private Trust Co. NA now owns 7,081 shares of the CRM provider’s stock worth $1,074,000 after buying an additional 354 shares during the last quarter. Finally, Private Asset Management Inc. grew its holdings in shares of salesforce.com by 5.3% during the second quarter. Private Asset Management Inc. now owns 18,592 shares of the CRM provider’s stock worth $2,821,000 after buying an additional 930 shares during the last quarter. Hedge funds and other institutional investors own 74.11% of the company’s stock.

Shares of CRM stock traded down $0.26 during midday trading on Wednesday, reaching $162.60. 5,499,089 shares of the company traded hands, compared to its average volume of 5,735,749. The firm’s 50 day simple moving average is $151.43 and its two-hundred day simple moving average is $153.23. salesforce.com, inc. has a 1-year low of $113.60 and a 1-year high of $167.56. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market cap of $141.29 billion, a PE ratio of 112.14, a price-to-earnings-growth ratio of 6.90 and a beta of 1.22.

salesforce.com (NYSE:CRM) last posted its quarterly earnings results on Thursday, August 22nd. The CRM provider reported $0.66 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.96 billion. During the same period last year, the firm earned $0.71 EPS. The company’s revenue for the quarter was up 21.8% on a year-over-year basis. As a group, research analysts anticipate that salesforce.com, inc. will post 1.25 earnings per share for the current fiscal year.

In other news, insider Parker Harris sold 620 shares of salesforce.com stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $145.50, for a total transaction of $90,210.00. Following the completion of the sale, the insider now directly owns 30,092 shares in the company, valued at approximately $4,378,386. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Sanford Robertson sold 25,000 shares of salesforce.com stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $155.67, for a total transaction of $3,891,750.00. Following the sale, the director now owns 124,017 shares of the company’s stock, valued at $19,305,726.39. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 261,026 shares of company stock valued at $39,493,487. Insiders own 5.50% of the company’s stock.

A number of equities research analysts recently commented on CRM shares. JPMorgan Chase & Co. set a $180.00 price objective on shares of salesforce.com and gave the company a “buy” rating in a research report on Friday, August 23rd. Evercore ISI restated a “buy” rating and issued a $190.00 price objective on shares of salesforce.com in a research report on Tuesday. Stifel Nicolaus raised their price objective on shares of salesforce.com from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. TheStreet downgraded shares of salesforce.com from a “b” rating to a “c” rating in a research report on Thursday, August 22nd. Finally, Macquarie raised their price objective on shares of salesforce.com from $184.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. Three equities research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and one has given a strong buy rating to the stock. salesforce.com has a consensus rating of “Buy” and a consensus target price of $184.74.

About salesforce.com

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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