salesforce.com, inc. (CRM) Shares Bought by Virginia Retirement Systems ET AL

Virginia Retirement Systems ET AL increased its position in salesforce.com, inc. (NYSE:CRM) by 2.0% during the third quarter, HoldingsChannel.com reports. The firm owned 36,100 shares of the CRM provider’s stock after buying an additional 700 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in salesforce.com were worth $5,741,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. FMR LLC raised its holdings in salesforce.com by 3.5% in the 2nd quarter. FMR LLC now owns 89,621,104 shares of the CRM provider’s stock valued at $12,224,319,000 after acquiring an additional 3,066,099 shares during the period. BlackRock Inc. raised its holdings in salesforce.com by 5.2% in the 2nd quarter. BlackRock Inc. now owns 44,655,653 shares of the CRM provider’s stock valued at $6,091,032,000 after acquiring an additional 2,212,408 shares during the period. Morgan Stanley raised its holdings in salesforce.com by 1.5% in the 2nd quarter. Morgan Stanley now owns 14,496,002 shares of the CRM provider’s stock valued at $1,977,256,000 after acquiring an additional 214,578 shares during the period. Northern Trust Corp raised its holdings in salesforce.com by 1.0% in the 2nd quarter. Northern Trust Corp now owns 9,923,734 shares of the CRM provider’s stock valued at $1,353,597,000 after acquiring an additional 98,077 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in salesforce.com by 14.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,533,328 shares of the CRM provider’s stock valued at $1,027,545,000 after acquiring an additional 961,104 shares during the period. 83.01% of the stock is currently owned by institutional investors.

NYSE CRM opened at $136.92 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.23. The company has a market cap of $107.29 billion, a P/E ratio of 304.27, a PEG ratio of 4.66 and a beta of 1.38. salesforce.com, inc. has a 1 year low of $98.68 and a 1 year high of $161.19.

salesforce.com (NYSE:CRM) last posted its quarterly earnings results on Wednesday, August 29th. The CRM provider reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.24. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.23 billion. salesforce.com had a net margin of 6.45% and a return on equity of 8.27%. The firm’s revenue for the quarter was up 27.3% on a year-over-year basis. During the same quarter last year, the business posted $0.33 EPS. Equities analysts expect that salesforce.com, inc. will post 1.22 EPS for the current year.

Several research analysts have weighed in on the stock. Barclays increased their price target on shares of salesforce.com from $150.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, August 15th. Piper Jaffray Companies increased their price target on shares of salesforce.com from $150.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, August 15th. Morgan Stanley increased their price target on shares of salesforce.com from $153.00 to $178.00 and gave the company an “overweight” rating in a report on Tuesday, August 14th. Wedbush increased their price target on shares of salesforce.com from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, August 22nd. Finally, Societe Generale set a $170.00 price target on shares of salesforce.com and gave the company a “buy” rating in a report on Tuesday, August 14th. Six investment analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $166.41.

In other news, Director Susan Wojcicki purchased 6,000 shares of salesforce.com stock in a transaction that occurred on Tuesday, August 14th. The shares were acquired at an average price of $146.38 per share, for a total transaction of $878,280.00. Following the transaction, the director now owns 83,426 shares of the company’s stock, valued at approximately $12,211,897.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Amy E. Weaver sold 494 shares of the stock in a transaction that occurred on Thursday, August 23rd. The stock was sold at an average price of $147.23, for a total transaction of $72,731.62. Following the sale, the general counsel now owns 20,764 shares in the company, valued at approximately $3,057,083.72. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 18,000 shares of company stock worth $2,703,900 and have sold 503,678 shares worth $75,870,740. Company insiders own 6.00% of the company’s stock.

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salesforce.com 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.

Further Reading: Technical Analysis

Want to see what other hedge funds are holding CRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for salesforce.com, inc. (NYSE:CRM).

Institutional Ownership by Quarter for salesforce.com (NYSE:CRM)

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