Atria Investments LLC grew its stake in shares of salesforce.com, inc. (NYSE:CRM) by 24.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,156 shares of the CRM provider’s stock after acquiring an additional 2,216 shares during the period. Atria Investments LLC’s holdings in salesforce.com were worth $1,140,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Janus Henderson Group PLC grew its stake in salesforce.com by 5.3% in the 3rd quarter. Janus Henderson Group PLC now owns 13,435,212 shares of the CRM provider’s stock worth $1,255,082,000 after acquiring an additional 675,471 shares during the period. Winslow Capital Management LLC grew its stake in shares of salesforce.com by 12.0% during the 2nd quarter. Winslow Capital Management LLC now owns 6,266,919 shares of the CRM provider’s stock valued at $542,715,000 after buying an additional 670,197 shares during the period. Tybourne Capital Management HK Ltd. grew its stake in shares of salesforce.com by 76.5% during the 2nd quarter. Tybourne Capital Management HK Ltd. now owns 4,738,144 shares of the CRM provider’s stock valued at $410,323,000 after buying an additional 2,053,200 shares during the period. Legal & General Group Plc grew its stake in shares of salesforce.com by 3.3% during the 3rd quarter. Legal & General Group Plc now owns 3,132,927 shares of the CRM provider’s stock valued at $292,674,000 after buying an additional 100,326 shares during the period. Finally, Swiss National Bank grew its stake in shares of salesforce.com by 3.1% during the 3rd quarter. Swiss National Bank now owns 2,494,272 shares of the CRM provider’s stock valued at $233,015,000 after buying an additional 76,000 shares during the period. Institutional investors own 85.33% of the company’s stock.
Shares of salesforce.com, inc. (NYSE:CRM) traded up $1.57 on Monday, hitting $108.55. 4,624,113 shares of the stock traded hands, compared to its average volume of 4,230,000. salesforce.com, inc. has a 52 week low of $80.25 and a 52 week high of $114.52. The firm has a market cap of $78,410.00, a price-to-earnings ratio of 10,855.00, a price-to-earnings-growth ratio of 5.93 and a beta of 1.32. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.08.
salesforce.com (NYSE:CRM) last announced its quarterly earnings results on Tuesday, November 21st. The CRM provider reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.02. salesforce.com had a net margin of 0.09% and a return on equity of 2.81%. The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same quarter in the prior year, the business posted $0.24 EPS. salesforce.com’s quarterly revenue was up 25.0% on a year-over-year basis. research analysts anticipate that salesforce.com, inc. will post 0.43 EPS for the current year.
In other salesforce.com news, insider Parker Harris sold 1,850 shares of the stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $105.01, for a total value of $194,268.50. Following the completion of the sale, the insider now directly owns 15,502 shares of the company’s stock, valued at approximately $1,627,865.02. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Marc Benioff sold 5,000 shares of the stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $113.93, for a total transaction of $569,650.00. The disclosure for this sale can be found here. Insiders sold a total of 480,579 shares of company stock worth $51,957,770 over the last quarter. 6.20% of the stock is currently owned by company insiders.
Several analysts have recently issued reports on the stock. Guggenheim reissued a “buy” rating and set a $128.00 price objective on shares of salesforce.com in a research note on Thursday, January 11th. Vetr raised shares of salesforce.com from a “hold” rating to a “buy” rating and set a $113.54 price target for the company in a research report on Monday. Cleveland Research started coverage on shares of salesforce.com in a research report on Wednesday, January 31st. They set a “buy” rating for the company. BTIG Research upped their price target on shares of salesforce.com to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Finally, Stifel Nicolaus upped their price target on shares of salesforce.com from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and forty-five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $113.62.
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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.
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