Quantbot Technologies LP Acquires New Position in salesforce.com, inc. (CRM)

Quantbot Technologies LP acquired a new stake in shares of salesforce.com, inc. (NYSE:CRM) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,610 shares of the CRM provider’s stock, valued at approximately $733,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Newport Wealth Strategies Inc. raised its position in shares of salesforce.com by 17.7% during the 2nd quarter. Newport Wealth Strategies Inc. now owns 2,349 shares of the CRM provider’s stock worth $320,000 after purchasing an additional 353 shares during the period. Arthur M. Cohen & Associates LLC raised its position in shares of salesforce.com by 4.5% during the 3rd quarter. Arthur M. Cohen & Associates LLC now owns 8,591 shares of the CRM provider’s stock worth $1,366,000 after purchasing an additional 370 shares during the period. Aspiriant LLC raised its position in shares of salesforce.com by 11.8% during the 3rd quarter. Aspiriant LLC now owns 3,684 shares of the CRM provider’s stock worth $587,000 after purchasing an additional 389 shares during the period. ProVise Management Group LLC raised its position in shares of salesforce.com by 6.9% during the 2nd quarter. ProVise Management Group LLC now owns 6,160 shares of the CRM provider’s stock worth $840,000 after purchasing an additional 400 shares during the period. Finally, Checchi Capital Advisers LLC raised its position in shares of salesforce.com by 7.4% during the 3rd quarter. Checchi Capital Advisers LLC now owns 6,231 shares of the CRM provider’s stock worth $991,000 after purchasing an additional 429 shares during the period. Hedge funds and other institutional investors own 82.78% of the company’s stock.

A number of brokerages have recently weighed in on CRM. Piper Jaffray Companies increased their price target on salesforce.com from $150.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 15th. Bank of America increased their price target on salesforce.com from $161.00 to $181.00 and gave the stock a “buy” rating in a research report on Tuesday, August 21st. Nomura reiterated a “buy” rating on shares of salesforce.com in a research report on Wednesday. Zacks Investment Research upgraded salesforce.com from a “hold” rating to a “buy” rating and set a $156.00 target price on the stock in a research report on Friday, November 30th. Finally, UBS Group raised their target price on salesforce.com from $153.00 to $168.00 and gave the company a “buy” rating in a research report on Wednesday, August 15th. Four equities research analysts have rated the stock with a hold rating, thirty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. salesforce.com currently has a consensus rating of “Buy” and a consensus price target of $168.08.

Shares of NYSE CRM opened at $139.24 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market cap of $106.52 billion, a price-to-earnings ratio of 309.42, a PEG ratio of 4.23 and a beta of 1.42. salesforce.com, inc. has a 1 year low of $98.68 and a 1 year high of $161.19.

salesforce.com (NYSE:CRM) last issued its quarterly earnings results on Tuesday, November 27th. The CRM provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.11. The firm had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.37 billion. salesforce.com had a return on equity of 8.06% and a net margin of 6.51%. The firm’s quarterly revenue was up 25.6% on a year-over-year basis. During the same period last year, the company posted $0.39 EPS. Equities research analysts forecast that salesforce.com, inc. will post 1.32 earnings per share for the current year.

In other salesforce.com news, CEO Keith Block sold 2,160 shares of the stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $142.73, for a total transaction of $308,296.80. Following the completion of the transaction, the chief executive officer now directly owns 24,865 shares of the company’s stock, valued at approximately $3,548,981.45. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Marc Benioff sold 5,000 shares of the firm’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $150.17, for a total value of $750,850.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 485,162 shares of company stock valued at $71,235,017. 6.00% of the stock is currently owned by corporate insiders.

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salesforce.com Company 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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