Trust Co. of Toledo NA OH Has $613,000 Holdings in salesforce.com, inc. (CRM)

Trust Co. of Toledo NA OH boosted its position in shares of salesforce.com, inc. (NYSE:CRM) by 32.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,993 shares of the CRM provider’s stock after purchasing an additional 1,468 shares during the period. Trust Co. of Toledo NA OH’s holdings in salesforce.com were worth $613,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Janus Henderson Group PLC increased its position in shares of salesforce.com by 5.3% during the third quarter. Janus Henderson Group PLC now owns 13,435,212 shares of the CRM provider’s stock valued at $1,255,082,000 after acquiring an additional 675,471 shares during the last quarter. Legal & General Group Plc increased its position in shares of salesforce.com by 3.3% during the third quarter. Legal & General Group Plc now owns 3,132,927 shares of the CRM provider’s stock valued at $292,674,000 after acquiring an additional 100,326 shares during the last quarter. Swiss National Bank increased its position in shares of salesforce.com by 0.9% during the fourth quarter. Swiss National Bank now owns 2,516,972 shares of the CRM provider’s stock valued at $257,310,000 after acquiring an additional 22,700 shares during the last quarter. Alyeska Investment Group L.P. increased its position in shares of salesforce.com by 8.5% during the third quarter. Alyeska Investment Group L.P. now owns 2,488,454 shares of the CRM provider’s stock valued at $232,471,000 after acquiring an additional 195,112 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of salesforce.com by 18.9% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,480,796 shares of the CRM provider’s stock valued at $253,612,000 after acquiring an additional 394,208 shares during the last quarter. Institutional investors and hedge funds own 85.33% of the company’s stock.

Shares of salesforce.com, inc. (NYSE CRM) opened at $108.02 on Tuesday. salesforce.com, inc. has a 12-month low of $80.25 and a 12-month high of $114.52. The company has a market cap of $78,410.00, a price-to-earnings ratio of 10,855.00, a P/E/G ratio of 5.93 and a beta of 1.32. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.82 and a quick ratio of 0.82.

salesforce.com (NYSE:CRM) last released its quarterly earnings results on Tuesday, November 21st. The CRM provider reported $0.39 EPS for the quarter, beating the 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 firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the prior year, the firm earned $0.24 EPS. salesforce.com’s revenue for the quarter was up 25.0% on a year-over-year basis. equities analysts forecast that salesforce.com, inc. will post 0.43 earnings per share for the current year.

In other salesforce.com news, insider Mark J. Hawkins sold 16,844 shares of the business’s stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $101.75, for a total value of $1,713,877.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Susan Wojcicki acquired 6,000 shares of the company’s stock in a transaction on Tuesday, January 9th. The stock was purchased at an average cost of $109.14 per share, for a total transaction of $654,840.00. Following the completion of the purchase, the director now directly owns 39,223 shares in the company, valued at approximately $4,280,798.22. The disclosure for this purchase can be found here. In the last quarter, insiders sold 472,553 shares of company stock valued at $51,120,835. 6.20% of the stock is owned by insiders.

A number of equities research analysts have weighed in on CRM shares. Royal Bank of Canada reiterated a “buy” rating on shares of salesforce.com in a research report on Thursday, November 9th. BMO Capital Markets lifted their price target on shares of salesforce.com from $105.00 to $112.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. Societe Generale set a $130.00 price target on shares of salesforce.com and gave the company a “buy” rating in a research report on Wednesday, November 15th. Guggenheim started coverage on shares of salesforce.com in a research report on Monday, October 30th. They set a “buy” rating and a $125.00 price target for the company. Finally, Barclays lifted their price target on shares of salesforce.com from $101.00 to $117.00 and gave the company an “overweight” rating in a research report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and forty-five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $113.62.

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About salesforce.com

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

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