Wiley BROS. Aintree Capital LLC Increases Position in salesforce.com, inc. (CRM)

Wiley BROS. Aintree Capital LLC increased its position in shares of salesforce.com, inc. (NYSE:CRM) by 27.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,148 shares of the CRM provider’s stock after buying an additional 456 shares during the quarter. Wiley BROS. Aintree Capital LLC’s holdings in salesforce.com were worth $340,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Flinton Capital Management LLC lifted its stake in salesforce.com by 17.5% during the fourth quarter. Flinton Capital Management LLC now owns 73,056 shares of the CRM provider’s stock worth $10,006,000 after purchasing an additional 10,864 shares during the period. Piedmont Investment Advisors Inc. lifted its stake in salesforce.com by 5.7% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 93,507 shares of the CRM provider’s stock worth $12,808,000 after purchasing an additional 5,063 shares during the period. Putnam FL Investment Management Co. lifted its stake in salesforce.com by 0.5% during the fourth quarter. Putnam FL Investment Management Co. now owns 21,392 shares of the CRM provider’s stock worth $2,930,000 after purchasing an additional 97 shares during the period. Redpoint Investment Management Pty Ltd lifted its stake in salesforce.com by 10.7% during the fourth quarter. Redpoint Investment Management Pty Ltd now owns 55,648 shares of the CRM provider’s stock worth $7,622,000 after purchasing an additional 5,398 shares during the period. Finally, Tirschwell & Loewy Inc. bought a new position in salesforce.com during the fourth quarter worth about $10,285,000. 83.02% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Mark J. Hawkins sold 15,271 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $165.08, for a total value of $2,520,936.68. Following the completion of the transaction, the insider now owns 25,254 shares of the company’s stock, valued at approximately $4,168,930.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Parker Harris sold 6,331 shares of the business’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $157.36, for a total transaction of $996,246.16. Following the completion of the transaction, the insider now directly owns 33,883 shares of the company’s stock, valued at approximately $5,331,828.88. The disclosure for this sale can be found here. Insiders have sold a total of 440,337 shares of company stock valued at $69,281,589 in the last ninety days. Company insiders own 6.00% of the company’s stock.

A number of brokerages have commented on CRM. Bank of America restated a “buy” rating and set a $200.00 price target (up previously from $181.00) on shares of salesforce.com in a research note on Wednesday, February 27th. Mizuho initiated coverage on shares of salesforce.com in a research note on Wednesday, March 13th. They issued a “buy” rating and a $185.00 target price for the company. Deutsche Bank reiterated a “buy” rating on shares of salesforce.com in a research note on Tuesday, March 5th. BMO Capital Markets reiterated an “outperform” rating and issued a $185.00 target price (up previously from $175.00) on shares of salesforce.com in a research note on Tuesday, March 5th. Finally, Wedbush lifted their target price on shares of salesforce.com from $174.00 to $192.00 and gave the company an “outperform” rating in a research note on Tuesday, March 5th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. salesforce.com presently has an average rating of “Buy” and an average target price of $177.82.

CRM traded down $0.62 during trading on Monday, reaching $160.09. 2,482,826 shares of the company’s stock were exchanged, compared to its average volume of 5,440,279. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.95 and a current ratio of 0.95. salesforce.com, inc. has a fifty-two week low of $113.60 and a fifty-two week high of $166.99. The firm has a market capitalization of $123.92 billion, a PE ratio of 110.41, a P/E/G ratio of 5.36 and a beta of 1.39.

salesforce.com (NYSE:CRM) last released its earnings results on Monday, March 4th. The CRM provider reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.14. salesforce.com had a net margin of 8.36% and a return on equity of 8.42%. The firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.56 billion. During the same quarter in the previous year, the business earned $0.35 EPS. Equities analysts forecast that salesforce.com, inc. will post 1.31 EPS for the current year.

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salesforce.com 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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