Marble Arch Investments LP increased its position in shares of salesforce.com, inc. (NYSE:CRM) by 22.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 546,800 shares of the CRM provider’s stock after buying an additional 99,600 shares during the period. salesforce.com comprises approximately 4.3% of Marble Arch Investments LP’s holdings, making the stock its 11th biggest holding. Marble Arch Investments LP owned about 0.08% of salesforce.com worth $55,899,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in CRM. Ark Investment Management LLC increased its stake in salesforce.com by 38.3% during the 2nd quarter. Ark Investment Management LLC now owns 111,279 shares of the CRM provider’s stock worth $9,637,000 after buying an additional 30,792 shares during the period. Nationwide Fund Advisors increased its position in shares of salesforce.com by 1.4% in the 3rd quarter. Nationwide Fund Advisors now owns 243,771 shares of the CRM provider’s stock worth $22,773,000 after purchasing an additional 3,345 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of salesforce.com by 8.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 288,562 shares of the CRM provider’s stock worth $26,957,000 after purchasing an additional 21,733 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of salesforce.com by 5.3% in the 3rd quarter. CIBC Asset Management Inc now owns 63,430 shares of the CRM provider’s stock worth $5,926,000 after purchasing an additional 3,185 shares during the last quarter. Finally, CI Investments Inc. bought a new stake in shares of salesforce.com in the 3rd quarter worth about $7,085,000. 86.68% of the stock is currently owned by hedge funds and other institutional investors.
CRM has been the subject of several research analyst reports. Jefferies Group raised shares of salesforce.com from a “hold” rating to a “buy” rating and dropped their target price for the stock from $97.00 to $84.00 in a research report on Thursday, February 15th. Societe Generale set a $130.00 target price on shares of salesforce.com and gave the stock a “buy” rating in a research report on Wednesday, November 15th. Vetr downgraded shares of salesforce.com from a “hold” rating to a “sell” rating and set a $104.56 target price for the company. in a research report on Tuesday, November 21st. Morgan Stanley reissued an “overweight” rating and issued a $127.00 target price (up previously from $107.00) on shares of salesforce.com in a research report on Thursday, November 16th. Finally, Raymond James Financial reissued a “buy” rating and issued a $125.00 target price on shares of salesforce.com in a research report on Wednesday, November 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and forty-four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $123.51.
Shares of salesforce.com, inc. (CRM) opened at $126.73 on Wednesday. The firm has a market cap of $91,573.20, a P/E ratio of 745.51, a PEG ratio of 5.83 and a beta of 1.25. salesforce.com, inc. has a one year low of $80.50 and a one year high of $128.20. The company has a quick ratio of 0.82, a current ratio of 0.92 and a debt-to-equity ratio of 0.07.
salesforce.com (NYSE:CRM) last issued its quarterly earnings results on Wednesday, February 28th. The CRM provider reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The company had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.81 billion. salesforce.com had a net margin of 1.22% and a return on equity of 3.86%. The business’s revenue for the quarter was up 24.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.28 EPS. research analysts anticipate that salesforce.com, inc. will post 0.9 earnings per share for the current year.
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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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