salesforce.com, inc. (CRM) Position Lifted by Colony Group LLC

Colony Group LLC raised its holdings in shares of salesforce.com, inc. (NYSE:CRM) by 18.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,509 shares of the CRM provider’s stock after purchasing an additional 717 shares during the period. Colony Group LLC’s holdings in salesforce.com were worth $615,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in CRM. Robeco Institutional Asset Management B.V. increased its stake in shares of salesforce.com by 135.3% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 54,575 shares of the CRM provider’s stock valued at $6,347,000 after acquiring an additional 31,378 shares during the last quarter. Signaturefd LLC bought a new stake in shares of salesforce.com in the 1st quarter valued at about $194,000. Usca Ria LLC bought a new stake in shares of salesforce.com in the 1st quarter valued at about $1,801,000. Cambridge Investment Research Advisors Inc. increased its stake in shares of salesforce.com by 25.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 21,272 shares of the CRM provider’s stock valued at $2,474,000 after acquiring an additional 4,372 shares during the last quarter. Finally, Twin Tree Management LP increased its stake in shares of salesforce.com by 109.2% in the 1st quarter. Twin Tree Management LP now owns 3,258 shares of the CRM provider’s stock valued at $379,000 after acquiring an additional 38,826 shares during the last quarter. Institutional investors own 82.75% of the company’s stock.

A number of brokerages have recently commented on CRM. Morgan Stanley upped their price target on salesforce.com from $153.00 to $178.00 and gave the company an “overweight” rating in a research note on Tuesday, August 14th. Piper Jaffray Companies upped their price target on salesforce.com from $150.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, August 15th. Barclays increased their target price on salesforce.com from $150.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 15th. Wedbush increased their target price on salesforce.com from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 22nd. Finally, Societe Generale set a $170.00 target price on salesforce.com and gave the stock a “buy” rating in a research note on Tuesday, August 14th. Five investment analysts have rated the stock with a hold rating, thirty-five have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $164.62.

NYSE:CRM opened at $148.65 on Tuesday. salesforce.com, inc. has a twelve month low of $94.83 and a twelve month high of $161.19. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market cap of $120.34 billion, a price-to-earnings ratio of 341.58, a PEG ratio of 5.23 and a beta of 1.27.

salesforce.com (NYSE:CRM) last released its quarterly earnings results on Wednesday, August 29th. The CRM provider reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.24. The firm had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.23 billion. salesforce.com had a return on equity of 8.27% and a net margin of 6.45%. The business’s revenue was up 27.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.33 EPS. On average, sell-side analysts forecast that salesforce.com, inc. will post 1.22 earnings per share for the current fiscal year.

In other news, insider Joe Allanson sold 104,277 shares of the stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $158.33, for a total value of $16,510,177.41. Following the completion of the sale, the insider now owns 134,587 shares of the company’s stock, valued at approximately $21,309,159.71. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Marc Benioff sold 10,000 shares of the stock in a transaction that occurred on Thursday, July 12th. The shares were sold at an average price of $145.91, for a total value of $1,459,100.00. The disclosure for this sale can be found here. In the last three months, insiders bought 18,000 shares of company stock valued at $2,701,020 and sold 524,013 shares valued at $79,386,472. Corporate insiders own 6.00% of the company’s stock.

About salesforce.com

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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