Stevens Capital Management LP Has $20.51 Million Stake in Salesforce.com Inc (CRM)

Stevens Capital Management LP lifted its position in shares of Salesforce.com Inc (NYSE:CRM) by 15.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 219,584 shares of the CRM provider’s stock after acquiring an additional 29,706 shares during the period. Salesforce.com comprises approximately 0.8% of Stevens Capital Management LP’s holdings, making the stock its 23rd largest holding. Stevens Capital Management LP’s holdings in Salesforce.com were worth $20,514,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Salesforce.com by 5.9% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 109,753 shares of the CRM provider’s stock valued at $10,253,000 after acquiring an additional 6,131 shares in the last quarter. BT Investment Management Ltd raised its position in shares of Salesforce.com by 8.2% during the 3rd quarter. BT Investment Management Ltd now owns 26,610 shares of the CRM provider’s stock valued at $2,486,000 after acquiring an additional 2,019 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position in shares of Salesforce.com by 0.8% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 964,467 shares of the CRM provider’s stock valued at $90,101,000 after acquiring an additional 7,550 shares in the last quarter. Whalerock Point Partners LLC raised its position in shares of Salesforce.com by 16.1% during the 3rd quarter. Whalerock Point Partners LLC now owns 3,615 shares of the CRM provider’s stock valued at $338,000 after acquiring an additional 500 shares in the last quarter. Finally, Andra AP fonden raised its position in shares of Salesforce.com by 61.2% during the 3rd quarter. Andra AP fonden now owns 27,400 shares of the CRM provider’s stock valued at $2,560,000 after acquiring an additional 10,400 shares in the last quarter. 86.39% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts recently commented on CRM shares. Stephens restated an “overweight” rating and set a $107.00 price objective (up from $100.00) on shares of Salesforce.com in a research note on Thursday, August 31st. JMP Securities upgraded Salesforce.com to a “positive” rating in a research note on Friday, October 6th. Northland Securities reissued a “buy” rating and issued a $105.00 price target on shares of Salesforce.com in a research note on Sunday, September 10th. Royal Bank Of Canada reissued a “buy” rating on shares of Salesforce.com in a research note on Thursday, November 9th. Finally, BMO Capital Markets increased their price target on Salesforce.com from $105.00 to $112.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and forty-six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $108.49.

Shares of Salesforce.com Inc (NYSE:CRM) opened at $108.80 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.77 and a quick ratio of 0.77. The company has a market capitalization of $78,190.00, a PE ratio of 537.90, a PEG ratio of 10.67 and a beta of 1.23. Salesforce.com Inc has a 12 month low of $66.43 and a 12 month high of $109.19.

Salesforce.com (NYSE:CRM) last announced its quarterly earnings results on Tuesday, November 21st. The CRM provider reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. Salesforce.com had a negative net margin of 0.85% and a positive return on equity of 1.83%. The business had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter last year, the firm earned $0.24 EPS. The firm’s revenue for the quarter was up 25.0% compared to the same quarter last year. analysts anticipate that Salesforce.com Inc will post 0.4 earnings per share for the current year.

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In related news, CFO Mark J. Hawkins sold 111,646 shares of Salesforce.com stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $95.08, for a total value of $10,615,301.68. Following the completion of the transaction, the chief financial officer now directly owns 118,302 shares in the company, valued at approximately $11,248,154.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Maria Martinez sold 726 shares of Salesforce.com stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $93.38, for a total transaction of $67,793.88. Following the completion of the transaction, the insider now owns 20,833 shares of the company’s stock, valued at $1,945,385.54. The disclosure for this sale can be found here. In the last ninety days, insiders sold 735,873 shares of company stock worth $74,038,294. 6.20% of the stock is owned by insiders.

Salesforce.com Company Profile

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.

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

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