Strs Ohio Acquires 5,210 Shares of salesforce.com, inc. (CRM)

Strs Ohio lifted its holdings in shares of salesforce.com, inc. (NYSE:CRM) by 0.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 979,129 shares of the CRM provider’s stock after purchasing an additional 5,210 shares during the period. salesforce.com comprises about 0.7% of Strs Ohio’s investment portfolio, making the stock its 24th biggest position. Strs Ohio owned 0.13% of salesforce.com worth $155,064,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Flinton Capital Management LLC grew its holdings in salesforce.com by 17.5% in the 4th quarter. Flinton Capital Management LLC now owns 73,056 shares of the CRM provider’s stock worth $10,006,000 after acquiring an additional 10,864 shares during the last quarter. Piedmont Investment Advisors Inc. grew its holdings in salesforce.com by 5.7% in the 4th quarter. Piedmont Investment Advisors Inc. now owns 93,507 shares of the CRM provider’s stock worth $12,808,000 after acquiring an additional 5,063 shares during the last quarter. Heritage Investors Management Corp grew its holdings in salesforce.com by 10.0% in the 1st quarter. Heritage Investors Management Corp now owns 34,427 shares of the CRM provider’s stock worth $5,452,000 after acquiring an additional 3,143 shares during the last quarter. Putnam FL Investment Management Co. lifted its position 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 worth $2,930,000 after purchasing an additional 97 shares during the period. Finally, Redpoint Investment Management Pty Ltd lifted its position 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 worth $7,622,000 after purchasing an additional 5,398 shares during the period. 83.02% of the stock is currently owned by institutional investors.

Shares of CRM stock opened at $155.99 on Friday. salesforce.com, inc. has a 52 week low of $113.60 and a 52 week high of $166.99. The company has a market capitalization of $120.23 billion, a PE ratio of 107.58, a P/E/G ratio of 5.68 and a beta of 1.39. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.95 and a quick ratio of 0.95.

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 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 period in the previous year, the business posted $0.35 earnings per share. Equities research analysts anticipate that salesforce.com, inc. will post 1.2 EPS for the current fiscal year.

Several equities research analysts have recently commented on CRM shares. ValuEngine raised shares of salesforce.com from a “hold” rating to a “buy” rating in a research 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 stock from $140.00 to $164.00 in a research report on Monday, January 7th. Wedbush reaffirmed an “outperform” rating and issued a $166.00 target price on shares of salesforce.com in a research report on Monday, January 7th. Atlantic Securities started coverage on shares of salesforce.com in a research report on Wednesday, January 9th. They issued an “overweight” rating and a $179.00 target price for the company. Finally, Stephens started coverage on shares of salesforce.com in a research report on Wednesday, January 16th. They issued an “overweight” rating and a $183.00 target price for the company. Three 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 company’s stock. salesforce.com has a consensus rating of “Buy” and an average price target of $177.82.

In related news, General Counsel Amy E. Weaver sold 456 shares of the business’s stock in a transaction that occurred on Wednesday, January 23rd. The shares were sold at an average price of $149.15, for a total transaction of $68,012.40. Following the completion of the sale, the general counsel now directly owns 24,258 shares in the company, valued at $3,618,080.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mark J. Hawkins sold 440 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $159.05, for a total transaction of $69,982.00. Following the sale, the chief financial officer now owns 21,162 shares of the company’s stock, valued at $3,365,816.10. 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 quarter. Company insiders own 6.00% of the company’s stock.

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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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