Teachers Advisors LLC increased its stake in shares of salesforce.com, inc. (NYSE:CRM) by 5.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,013,067 shares of the CRM provider’s stock after acquiring an additional 157,353 shares during the quarter. Teachers Advisors LLC owned approximately 0.42% of salesforce.com worth $308,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Sandy Spring Bank grew its position in shares of salesforce.com by 1.7% in the 4th quarter. Sandy Spring Bank now owns 27,382 shares of the CRM provider’s stock worth $2,799,000 after buying an additional 470 shares during the last quarter. King Luther Capital Management Corp grew its position in shares of salesforce.com by 16.3% in the 3rd quarter. King Luther Capital Management Corp now owns 3,414 shares of the CRM provider’s stock worth $319,000 after buying an additional 479 shares during the last quarter. Cetera Advisors LLC grew its position in shares of salesforce.com by 17.5% in the 4th quarter. Cetera Advisors LLC now owns 3,259 shares of the CRM provider’s stock worth $334,000 after buying an additional 485 shares during the last quarter. BB&T Corp grew its position in shares of salesforce.com by 2.6% in the 4th quarter. BB&T Corp now owns 20,751 shares of the CRM provider’s stock worth $2,121,000 after buying an additional 533 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC grew its position in shares of salesforce.com by 23.6% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 2,826 shares of the CRM provider’s stock worth $289,000 after buying an additional 540 shares during the last quarter. Institutional investors and hedge funds own 86.68% of the company’s stock.
CRM has been the topic of a number of recent analyst reports. Mizuho reiterated a “buy” rating and issued a $120.00 price objective (up from $110.00) on shares of salesforce.com in a research report on Monday, November 13th. Societe Generale set a $130.00 price objective on salesforce.com and gave the stock a “buy” rating in a research report on Wednesday, November 15th. Morgan Stanley reiterated an “overweight” rating and issued a $127.00 price objective (up from $107.00) on shares of salesforce.com in a research report on Thursday, November 16th. Credit Suisse Group lifted their price objective on salesforce.com from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, November 17th. Finally, Goldman Sachs Group set a $121.00 target price on salesforce.com and gave the company a “buy” rating in a research note on Friday, November 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and forty-four have given a buy rating to the stock. salesforce.com has a consensus rating of “Buy” and an average price target of $123.51.
Shares of salesforce.com, inc. (NYSE:CRM) opened at $127.41 on Monday. salesforce.com, inc. has a 52-week low of $80.50 and a 52-week high of $127.50. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.82 and a current ratio of 0.92. The stock has a market capitalization of $92,028.25, a P/E ratio of 749.51, a price-to-earnings-growth ratio of 5.86 and a beta of 1.25.
salesforce.com (NYSE:CRM) last issued its quarterly earnings data on Wednesday, February 28th. The CRM provider reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. salesforce.com had a return on equity of 3.86% and a net margin of 1.22%. The business had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same period in the prior year, the business posted $0.28 earnings per share. The company’s quarterly revenue was up 24.3% compared to the same quarter last year. equities research analysts predict that salesforce.com, inc. will post 0.9 EPS for the current year.
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salesforce.com Company Profile
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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