salesforce.com, inc. (CRM) Shares Bought by St. Johns Investment Management Company LLC

St. Johns Investment Management Company LLC boosted its position in salesforce.com, inc. (NYSE:CRM) by 4,594.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,694 shares of the CRM provider’s stock after purchasing an additional 4,594 shares during the period. St. Johns Investment Management Company LLC’s holdings in salesforce.com were worth $643,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. FMR LLC lifted its position in salesforce.com by 3.5% in the second quarter. FMR LLC now owns 89,621,104 shares of the CRM provider’s stock worth $12,224,319,000 after purchasing an additional 3,066,099 shares during the period. Vanguard Group Inc. lifted its position in salesforce.com by 4.6% in the third quarter. Vanguard Group Inc. now owns 54,471,296 shares of the CRM provider’s stock worth $8,662,570,000 after purchasing an additional 2,398,648 shares during the period. Vanguard Group Inc lifted its position in salesforce.com by 4.6% in the third quarter. Vanguard Group Inc now owns 54,471,296 shares of the CRM provider’s stock worth $8,662,570,000 after purchasing an additional 2,398,648 shares during the period. BlackRock Inc. lifted its position in salesforce.com by 5.1% in the third quarter. BlackRock Inc. now owns 46,948,526 shares of the CRM provider’s stock worth $7,466,224,000 after purchasing an additional 2,292,873 shares during the period. Finally, Morgan Stanley lifted its position in salesforce.com by 2.0% in the third quarter. Morgan Stanley now owns 14,792,319 shares of the CRM provider’s stock worth $2,352,421,000 after purchasing an additional 296,317 shares during the period. Hedge funds and other institutional investors own 85.17% of the company’s stock.

In other news, Director Craig Conway sold 200 shares of the company’s stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $128.71, for a total value of $25,742.00. Following the transaction, the director now directly owns 8,927 shares of the company’s stock, valued at $1,148,994.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Keith Block sold 2,160 shares of the company’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $128.71, for a total transaction of $278,013.60. Following the completion of the transaction, the chief executive officer now directly owns 23,836 shares in the company, valued at $3,067,931.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 523,959 shares of company stock worth $72,544,955. Company insiders own 6.00% of the company’s stock.

Shares of NYSE:CRM opened at $159.91 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.86 and a current ratio of 0.86. salesforce.com, inc. has a 12-month low of $105.93 and a 12-month high of $161.50. The firm has a market cap of $122.33 billion, a price-to-earnings ratio of 355.36, a PEG ratio of 5.08 and a beta of 1.37.

salesforce.com (NYSE:CRM) last announced its earnings results on Tuesday, November 27th. The CRM provider reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.11. salesforce.com had a net margin of 6.51% and a return on equity of 8.06%. The company had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.37 billion. During the same period in the previous year, the business earned $0.39 EPS. The company’s revenue was up 25.6% on a year-over-year basis. On average, sell-side analysts forecast that salesforce.com, inc. will post 1.32 earnings per share for the current fiscal year.

CRM has been the subject of a number of research analyst reports. Wedbush upped their target price on salesforce.com from $160.00 to $166.00 in a research report on Sunday, December 2nd. TheStreet upgraded salesforce.com from a “c+” rating to a “b” rating in a research report on Thursday, January 31st. Credit Suisse Group restated a “buy” rating and issued a $175.00 target price on shares of salesforce.com in a research report on Wednesday, November 28th. Citigroup upped their target price on salesforce.com from $178.00 to $183.00 and gave the stock a “buy” rating in a research report on Wednesday, November 28th. Finally, JPMorgan Chase & Co. restated a “buy” rating and issued a $160.00 target price on shares of salesforce.com in a research report on Wednesday, November 28th. Three research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $170.38.

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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.

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

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