salesforce.com, inc. (NYSE:CRM) Shares Acquired by Strategic Blueprint LLC

Strategic Blueprint LLC lifted its position in shares of salesforce.com, inc. (NYSE:CRM) by 201.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,182 shares of the CRM provider’s stock after buying an additional 2,128 shares during the quarter. Strategic Blueprint LLC’s holdings in salesforce.com were worth $777,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Fisher Asset Management LLC increased its position in salesforce.com by 3.6% during the 2nd quarter. Fisher Asset Management LLC now owns 13,420,800 shares of the CRM provider’s stock worth $3,278,299,000 after purchasing an additional 467,815 shares in the last quarter. Geode Capital Management LLC increased its position in salesforce.com by 1.4% during the 1st quarter. Geode Capital Management LLC now owns 13,275,658 shares of the CRM provider’s stock worth $2,804,029,000 after purchasing an additional 179,896 shares in the last quarter. Nuveen Asset Management LLC increased its position in salesforce.com by 13.3% during the 1st quarter. Nuveen Asset Management LLC now owns 13,065,311 shares of the CRM provider’s stock worth $2,768,147,000 after purchasing an additional 1,537,635 shares in the last quarter. Northern Trust Corp grew its holdings in salesforce.com by 1.8% in the 1st quarter. Northern Trust Corp now owns 12,653,030 shares of the CRM provider’s stock valued at $2,680,798,000 after buying an additional 223,357 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in salesforce.com by 2.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 9,610,953 shares of the CRM provider’s stock valued at $2,347,669,000 after buying an additional 232,394 shares during the period. Hedge funds and other institutional investors own 77.33% of the company’s stock.

CRM has been the subject of several recent analyst reports. Wolfe Research lifted their price target on salesforce.com from $290.00 to $300.00 and gave the company an “outperform” rating in a report on Thursday, August 26th. FBN Securities lifted their price target on salesforce.com from $290.00 to $310.00 and gave the company an “outperform” rating in a report on Thursday, August 26th. UBS Group lifted their price target on salesforce.com from $300.00 to $330.00 and gave the company a “buy” rating in a report on Friday. Evercore ISI lifted their price target on salesforce.com from $325.00 to $375.00 and gave the company an “outperform” rating in a report on Friday. They noted that the move was a valuation call. Finally, Royal Bank of Canada boosted their target price on salesforce.com from $310.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, salesforce.com has an average rating of “Buy” and a consensus price target of $310.17.

Shares of CRM opened at $285.63 on Friday. salesforce.com, inc. has a 52-week low of $201.51 and a 52-week high of $286.36. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.19. The firm has a market cap of $279.63 billion, a price-to-earnings ratio of 114.71, a PEG ratio of 7.35 and a beta of 1.09. The business’s 50 day moving average is $254.77 and its two-hundred day moving average is $237.86.

salesforce.com (NYSE:CRM) last issued its quarterly earnings results on Tuesday, August 24th. The CRM provider reported $1.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.56. salesforce.com had a return on equity of 7.15% and a net margin of 9.99%. The business had revenue of $6.34 billion during the quarter, compared to the consensus estimate of $6.25 billion. During the same period in the previous year, the business earned $1.44 EPS. The business’s quarterly revenue was up 23.1% on a year-over-year basis. On average, equities analysts expect that salesforce.com, inc. will post 2.09 earnings per share for the current fiscal year.

In other news, insider Brent Hyder sold 25,362 shares of the business’s stock in a transaction that occurred on Tuesday, July 6th. The stock was sold at an average price of $250.00, for a total value of $6,340,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Amy E. Weaver sold 7,300 shares of the company’s stock in a transaction on Thursday, July 15th. The stock was sold at an average price of $241.22, for a total value of $1,760,906.00. The disclosure for this sale can be found here. Insiders sold a total of 786,605 shares of company stock valued at $198,242,927 over the last quarter. Company insiders own 4.10% of the company’s stock.

salesforce.com Profile

salesforce.com, inc. engages in the design and development of cloud-based enterprise software for customer relationship management. Its solutions include sales force automation, customer service and support, marketing automation, digital commerce, community management, collaboration, industry-specific solutions, and salesforce platform.

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

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