Mitsubishi UFJ Securities Holdings Co. Ltd. Takes Position in salesforce.com, inc. (NYSE:CRM)

Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new stake in salesforce.com, inc. (NYSE:CRM) during the 1st quarter, HoldingsChannel reports. The firm purchased 560 shares of the CRM provider’s stock, valued at approximately $89,000.

Other hedge funds have also added to or reduced their stakes in the company. Avondale Wealth Management raised its stake in salesforce.com by 100.0% during the first quarter. Avondale Wealth Management now owns 160 shares of the CRM provider’s stock worth $25,000 after purchasing an additional 80 shares during the period. Citizens Financial Group Inc RI purchased a new position in salesforce.com during the first quarter worth approximately $27,000. Arcadia Investment Management Corp MI raised its stake in salesforce.com by 63.0% during the first quarter. Arcadia Investment Management Corp MI now owns 176 shares of the CRM provider’s stock worth $28,000 after purchasing an additional 68 shares during the period. CX Institutional raised its stake in salesforce.com by 426.5% during the first quarter. CX Institutional now owns 179 shares of the CRM provider’s stock worth $28,000 after purchasing an additional 145 shares during the period. Finally, Brand Asset Management Group Inc. purchased a new position in salesforce.com during the first quarter worth approximately $30,000. Institutional investors and hedge funds own 82.14% of the company’s stock.

A number of equities analysts have weighed in on CRM shares. Goldman Sachs Group reaffirmed a “buy” rating and set a $178.00 price target on shares of salesforce.com in a research note on Monday, March 4th. OTR Global downgraded shares of salesforce.com to a “positive” rating in a research note on Wednesday, May 15th. UBS Group reaffirmed a “buy” rating and set a $190.00 price target on shares of salesforce.com in a research note on Wednesday, June 5th. Macquarie increased their price target on shares of salesforce.com from $174.00 to $188.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 5th. Finally, Wells Fargo & Co increased their price target on shares of salesforce.com from $175.00 to $185.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 5th. Four equities research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $180.03.

In related news, insider Mark J. Hawkins sold 846 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $163.84, for a total transaction of $138,608.64. Following the completion of the sale, the insider now directly owns 20,348 shares of the company’s stock, valued at approximately $3,333,816.32. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Parker Harris sold 6,331 shares of the firm’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $157.36, for a total transaction of $996,246.16. Following the sale, the insider now directly owns 33,883 shares of the company’s stock, valued at $5,331,828.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 426,279 shares of company stock valued at $67,663,581. Company insiders own 5.50% of the company’s stock.

CRM opened at $150.01 on Friday. The firm has a market cap of $116.41 billion, a P/E ratio of 103.46, a PEG ratio of 5.40 and a beta of 1.39. salesforce.com, inc. has a twelve month low of $113.60 and a twelve month high of $167.56. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.34.

salesforce.com (NYSE:CRM) last released its quarterly earnings results on Tuesday, June 4th. The CRM provider reported $0.93 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.32. The business had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.68 billion. salesforce.com had a net margin of 8.26% and a return on equity of 8.18%. The business’s revenue was up 24.3% on a year-over-year basis. During the same period last year, the business earned $0.74 EPS. Equities analysts forecast that salesforce.com, inc. will post 1.21 earnings per share for the current year.

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salesforce.com 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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