Actinver Wealth Management Inc. bought a new stake in shares of salesforce.com, inc. (NYSE:CRM) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 6,181 shares of the CRM provider’s stock, valued at approximately $535,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Aspire Private Capital LLC purchased a new stake in salesforce.com during the 4th quarter valued at approximately $36,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of salesforce.com in the fourth quarter valued at $2,073,000. WealthTrust Fairport LLC grew its holdings in shares of salesforce.com by 43.4% in the fourth quarter. WealthTrust Fairport LLC now owns 20,739 shares of the CRM provider’s stock valued at $2,841,000 after purchasing an additional 6,276 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of salesforce.com by 1,115.2% in the fourth quarter. Global Retirement Partners LLC now owns 6,222 shares of the CRM provider’s stock valued at $852,000 after purchasing an additional 5,710 shares in the last quarter. Finally, Putnam FL Investment Management Co. grew its holdings in shares of salesforce.com by 0.5% in the fourth 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 in the last quarter. Hedge funds and other institutional investors own 83.02% of the company’s stock.
Shares of salesforce.com stock traded up $0.65 on Friday, reaching $155.99. 4,391,704 shares of the stock were exchanged, compared to its average volume of 4,408,287. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.20. salesforce.com, inc. has a twelve month low of $113.60 and a twelve month high of $166.99. The company has a market capitalization of $120.23 billion, a price-to-earnings ratio of 107.58, a price-to-earnings-growth ratio of 5.68 and a beta of 1.39.
A number of research analysts recently weighed in on CRM shares. ValuEngine raised shares of salesforce.com from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. Pivotal Research raised shares of salesforce.com from a “hold” rating to a “buy” rating and raised their target price for the company from $140.00 to $164.00 in a report on Monday, January 7th. 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. Atlantic Securities initiated coverage on salesforce.com in a research report on Wednesday, January 9th. They issued an “overweight” rating and a $179.00 price target for the company. Finally, Stephens initiated coverage on salesforce.com in a research report on Wednesday, January 16th. They issued an “overweight” rating and a $183.00 price target for the company. Three research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $177.82.
In other news, CEO Marc Benioff sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 22nd. The stock was sold at an average price of $149.47, for a total transaction of $747,350.00. Following the completion of the transaction, the chief executive officer now directly owns 27,705 shares of the company’s stock, valued at approximately $4,141,066.35. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Keith Block sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $159.05, for a total value of $397,625.00. Following the transaction, the chief executive officer now directly owns 30,002 shares of the company’s stock, valued at $4,771,818.10. The disclosure for this sale can be found here. Insiders sold 445,691 shares of company stock valued at $70,458,306 over the last three months. 6.00% of the stock is currently owned by corporate insiders.
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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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