Pacer Advisors Inc. decreased its position in shares of salesforce.com, inc. (NYSE:CRM) by 10.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 52,563 shares of the CRM provider’s stock after selling 6,130 shares during the quarter. Pacer Advisors Inc.’s holdings in salesforce.com were worth $11,137,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Aspiriant LLC raised its holdings in salesforce.com by 12.4% during the fourth quarter. Aspiriant LLC now owns 12,871 shares of the CRM provider’s stock worth $2,865,000 after purchasing an additional 1,418 shares in the last quarter. Ossiam raised its holdings in salesforce.com by 5.4% during the fourth quarter. Ossiam now owns 277,920 shares of the CRM provider’s stock worth $61,846,000 after purchasing an additional 14,334 shares in the last quarter. Deltec Asset Management LLC raised its holdings in salesforce.com by 8.0% during the fourth quarter. Deltec Asset Management LLC now owns 38,180 shares of the CRM provider’s stock worth $8,496,000 after purchasing an additional 2,830 shares in the last quarter. Deccan Value Investors L.P. raised its holdings in salesforce.com by 21.5% during the fourth quarter. Deccan Value Investors L.P. now owns 1,205,400 shares of the CRM provider’s stock worth $268,238,000 after purchasing an additional 212,900 shares in the last quarter. Finally, Signature Wealth Management Group acquired a new position in salesforce.com in the fourth quarter worth approximately $1,060,000. 80.20% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Parker Harris sold 4,300 shares of the stock in a transaction dated Tuesday, April 6th. The shares were sold at an average price of $220.48, for a total value of $948,064.00. Following the completion of the sale, the insider now owns 70,634 shares in the company, valued at $15,573,384.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Srinivas Tallapragada sold 5,000 shares of the stock in a transaction dated Monday, February 8th. The shares were sold at an average price of $239.70, for a total transaction of $1,198,500.00. Following the completion of the sale, the insider now owns 51,242 shares of the company’s stock, valued at approximately $12,282,707.40. The disclosure for this sale can be found here. Insiders have sold 73,330 shares of company stock valued at $16,256,366 over the last 90 days. Corporate insiders own 4.40% of the company’s stock.
CRM stock traded up $3.08 during mid-day trading on Thursday, reaching $223.87. 145,763 shares of the stock traded hands, compared to its average volume of 7,383,734. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.07. salesforce.com, inc. has a 52 week low of $145.00 and a 52 week high of $284.50. The business has a 50-day moving average of $218.94 and a two-hundred day moving average of $233.22. The firm has a market capitalization of $206.18 billion, a PE ratio of 58.42, a P/E/G ratio of 5.42 and a beta of 1.17.
salesforce.com (NYSE:CRM) last released its quarterly earnings results on Thursday, February 25th. The CRM provider reported $1.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.74. salesforce.com had a net margin of 17.53% and a return on equity of 6.63%. The company had revenue of $5.82 billion during the quarter, compared to analysts’ expectations of $5.68 billion. On average, equities research analysts anticipate that salesforce.com, inc. will post 2.81 EPS for the current fiscal year.
Several research analysts have issued reports on CRM shares. Jefferies Financial Group set a $320.00 price target on shares of salesforce.com and gave the stock a “buy” rating in a research report on Wednesday, December 30th. JPMorgan Chase & Co. set a $250.00 price target on shares of salesforce.com and gave the stock a “buy” rating in a research report on Friday, February 26th. Sanford C. Bernstein set a $233.00 price target on shares of salesforce.com and gave the stock a “neutral” rating in a research report on Friday, February 26th. Loop Capital upgraded shares of salesforce.com from a “sell” rating to a “hold” rating and set a $225.00 price target on the stock in a research report on Monday, January 25th. Finally, Zacks Investment Research lowered shares of salesforce.com from a “hold” rating to a “sell” rating and set a $232.00 price target on the stock. in a research report on Monday, March 1st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-five have given a buy rating and three have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $269.03.
salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management worldwide. 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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