National Pension Service Acquires 35,543 Shares of salesforce.com, inc. (CRM)

National Pension Service lifted its stake in shares of salesforce.com, inc. (NYSE:CRM) by 5.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 655,593 shares of the CRM provider’s stock after acquiring an additional 35,543 shares during the quarter. National Pension Service owned 0.09% of salesforce.com worth $104,547,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of salesforce.com by 4.6% during the third quarter. Vanguard Group Inc. now owns 54,471,296 shares of the CRM provider’s stock worth $8,662,570,000 after purchasing an additional 2,398,648 shares during the last quarter. Vanguard Group Inc grew its holdings in shares of salesforce.com by 4.6% during the third quarter. Vanguard Group Inc now owns 54,471,296 shares of the CRM provider’s stock worth $8,662,570,000 after purchasing an additional 2,398,648 shares during the last quarter. BlackRock Inc. grew its holdings in shares of salesforce.com by 9.2% during the fourth quarter. BlackRock Inc. now owns 51,270,156 shares of the CRM provider’s stock worth $7,022,474,000 after purchasing an additional 4,321,630 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of salesforce.com by 29,364.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,716,594 shares of the CRM provider’s stock worth $159,000 after purchasing an additional 21,642,889 shares during the last quarter. Finally, Jennison Associates LLC grew its holdings in shares of salesforce.com by 18.3% during the fourth quarter. Jennison Associates LLC now owns 19,671,694 shares of the CRM provider’s stock worth $2,694,432,000 after purchasing an additional 3,041,293 shares during the last quarter. 83.02% of the stock is currently owned by institutional investors and hedge funds.

CRM stock traded down $0.62 during trading on Monday, reaching $160.09. The stock had a trading volume of 2,482,826 shares, compared to its average volume of 5,440,279. salesforce.com, inc. has a 1-year low of $113.60 and a 1-year high of $166.99. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $123.92 billion, a P/E 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 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.14. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.56 billion. salesforce.com had a net margin of 8.36% and a return on equity of 8.42%. During the same quarter in the previous year, the firm earned $0.35 EPS. On average, sell-side analysts anticipate that salesforce.com, inc. will post 1.31 EPS for the current year.

In related news, insider Parker Harris sold 6,331 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 33,883 shares of the company’s stock, valued at approximately $5,331,828.88. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Craig Conway sold 200 shares of the business’s stock in a transaction dated Tuesday, January 15th. The shares were sold at an average price of $146.07, for a total transaction of $29,214.00. Following the sale, the director now directly owns 9,198 shares of the company’s stock, valued at approximately $1,343,551.86. The disclosure for this sale can be found here. Insiders sold a total of 440,337 shares of company stock valued at $69,281,589 in the last three months. Insiders own 6.00% of the company’s stock.

Several brokerages have issued reports on CRM. Atlantic Securities assumed coverage on salesforce.com in a report on Wednesday, January 9th. They set an “overweight” rating and a $179.00 price objective on the stock. BMO Capital Markets reiterated an “outperform” rating and set a $185.00 target price (up previously from $175.00) on shares of salesforce.com in a research note on Tuesday, March 5th. Canaccord Genuity reiterated a “buy” rating and set a $175.00 target price (up previously from $165.00) on shares of salesforce.com in a research note on Wednesday, March 6th. Exane BNP Paribas assumed coverage on shares of salesforce.com in a research report on Friday, March 29th. They issued an “outperform” rating for the company. Finally, Barclays raised their price objective on shares of salesforce.com to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, March 5th. Three analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has issued 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 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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