Quantitative Systematic Strategies LLC grew its holdings in shares of salesforce.com, inc. (NYSE:CRM) by 175.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,625 shares of the CRM provider’s stock after buying an additional 14,400 shares during the period. salesforce.com accounts for about 0.9% of Quantitative Systematic Strategies LLC’s holdings, making the stock its 16th largest holding. Quantitative Systematic Strategies LLC’s holdings in salesforce.com were worth $3,583,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Flinton Capital Management LLC lifted its holdings in shares of salesforce.com by 17.5% in the 4th quarter. Flinton Capital Management LLC now owns 73,056 shares of the CRM provider’s stock valued at $10,006,000 after purchasing an additional 10,864 shares during the last quarter. Piedmont Investment Advisors Inc. lifted its holdings in shares of salesforce.com by 5.7% in the 4th quarter. Piedmont Investment Advisors Inc. now owns 93,507 shares of the CRM provider’s stock valued at $12,808,000 after purchasing an additional 5,063 shares during the last quarter. Putnam FL Investment Management Co. lifted its holdings in shares of salesforce.com by 0.5% in the 4th quarter. Putnam FL Investment Management Co. now owns 21,392 shares of the CRM provider’s stock valued at $2,930,000 after purchasing an additional 97 shares during the last quarter. Redpoint Investment Management Pty Ltd lifted its holdings in shares of salesforce.com by 10.7% in the 4th quarter. Redpoint Investment Management Pty Ltd now owns 55,648 shares of the CRM provider’s stock valued at $7,622,000 after purchasing an additional 5,398 shares during the last quarter. Finally, Tirschwell & Loewy Inc. purchased a new stake in shares of salesforce.com in the 4th quarter valued at about $10,285,000. 83.02% of the stock is owned by institutional investors.
In other news, CEO Keith Block sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 16th. The stock was sold at an average price of $149.15, for a total transaction of $745,750.00. Following the sale, the chief executive officer now owns 27,705 shares of the company’s stock, valued at approximately $4,132,200.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Amy E. Weaver sold 5,325 shares of the business’s stock in a transaction that occurred on Tuesday, January 15th. The stock was sold at an average price of $146.07, for a total value of $777,822.75. Following the sale, the insider now directly owns 28,296 shares in the company, valued at approximately $4,133,196.72. The disclosure for this sale can be found here. Insiders have sold a total of 440,337 shares of company stock worth $69,281,589 in the last three months. Corporate insiders own 6.00% of the company’s stock.
salesforce.com (NYSE:CRM) last announced its quarterly earnings results on Monday, March 4th. The CRM provider reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.14. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.56 billion. salesforce.com had a return on equity of 8.42% and a net margin of 8.36%. During the same quarter in the previous year, the company earned $0.35 EPS. Equities analysts forecast that salesforce.com, inc. will post 1.31 earnings per share for the current fiscal year.
Several research firms have recently weighed in on CRM. Exane BNP Paribas began coverage on salesforce.com in a report on Friday, March 29th. They issued an “outperform” rating for the company. BNP Paribas assumed coverage on salesforce.com in a report on Friday, March 29th. They issued an “outperform” rating for the company. Credit Suisse Group restated a “buy” rating and issued a $175.00 price target on shares of salesforce.com in a research report on Tuesday, March 5th. Wedbush restated an “outperform” rating and issued a $166.00 price target on shares of salesforce.com in a research report on Monday, January 7th. Finally, SunTrust Banks boosted their price target on salesforce.com to $183.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Three analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $177.82.
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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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