salesforce.com, inc. (CRM) Shares Bought by Brinker Capital Inc.

Brinker Capital Inc. grew its position in shares of salesforce.com, inc. (NYSE:CRM) by 6.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,357 shares of the CRM provider’s stock after buying an additional 2,935 shares during the quarter. Brinker Capital Inc.’s holdings in salesforce.com were worth $7,034,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. Bremer Trust National Association grew its stake in salesforce.com by 0.4% during the fourth quarter. Bremer Trust National Association now owns 17,925 shares of the CRM provider’s stock worth $2,455,000 after buying an additional 66 shares during the last quarter. Highland Private Wealth Management grew its stake in salesforce.com by 3.3% during the fourth quarter. Highland Private Wealth Management now owns 2,124 shares of the CRM provider’s stock worth $291,000 after buying an additional 68 shares during the last quarter. Mycio Wealth Partners LLC grew its stake in salesforce.com by 2.5% during the fourth quarter. Mycio Wealth Partners LLC now owns 2,833 shares of the CRM provider’s stock worth $388,000 after buying an additional 70 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in salesforce.com by 11.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 779 shares of the CRM provider’s stock worth $107,000 after buying an additional 77 shares during the last quarter. Finally, Hollencrest Capital Management grew its stake in salesforce.com by 1.0% during the fourth quarter. Hollencrest Capital Management now owns 8,681 shares of the CRM provider’s stock worth $1,189,000 after buying an additional 85 shares during the last quarter. 82.84% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE CRM opened at $161.51 on Friday. salesforce.com, inc. has a fifty-two week low of $111.34 and a fifty-two week high of $166.15. The company has a market capitalization of $124.52 billion, a P/E ratio of 111.39, a price-to-earnings-growth ratio of 5.26 and a beta of 1.40. The company has a current ratio of 0.95, a quick ratio of 0.86 and a debt-to-equity ratio of 0.20.

salesforce.com (NYSE:CRM) last announced its quarterly earnings data on Monday, March 4th. The CRM provider reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.14. salesforce.com had a net margin of 8.36% and a return on equity of 8.42%. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.56 billion. During the same period in the prior year, the business posted $0.35 earnings per share. Research analysts predict that salesforce.com, inc. will post 1.31 EPS for the current fiscal year.

A number of equities analysts have recently issued reports on CRM shares. Piper Jaffray Companies reduced their target price on shares of salesforce.com from $190.00 to $160.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 21st. Wedbush reiterated an “outperform” rating and set a $180.00 target price (up from $160.00) on shares of salesforce.com in a research report on Monday, November 26th. Sanford C. Bernstein reiterated a “neutral” rating and set a $149.00 target price on shares of salesforce.com in a research report on Wednesday, November 28th. Goldman Sachs Group reiterated a “buy” rating and set a $168.00 target price on shares of salesforce.com in a research report on Wednesday, November 28th. Finally, BMO Capital Markets upped their target price on shares of salesforce.com from $174.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 28th. Three 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. The company currently has a consensus rating of “Buy” and a consensus price target of $177.82.

In other salesforce.com news, insider Parker Harris sold 6,331 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $158.33, for a total value of $1,002,387.23. Following the sale, the insider now directly owns 31,257 shares in the company, valued at $4,948,920.81. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Keith Block sold 2,160 shares of the stock in a transaction on Tuesday, December 18th. The stock was sold at an average price of $132.14, for a total transaction of $285,422.40. Following the completion of the sale, the chief executive officer now owns 24,865 shares in the company, valued at $3,285,661.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 548,729 shares of company stock worth $79,673,057. Company insiders own 6.00% of the company’s stock.

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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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