Deltec Asset Management LLC Has $5.21 Million Stake in salesforce.com, inc. (CRM)

Deltec Asset Management LLC lifted its position in salesforce.com, inc. (NYSE:CRM) by 1.2% in the 1st quarter, Holdings Channel reports. The fund owned 32,900 shares of the CRM provider’s stock after acquiring an additional 400 shares during the period. salesforce.com comprises 1.1% of Deltec Asset Management LLC’s investment portfolio, making the stock its 27th largest holding. Deltec Asset Management LLC’s holdings in salesforce.com were worth $5,210,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in CRM. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of salesforce.com in the 4th quarter worth about $28,000. CX Institutional lifted its holdings in shares of salesforce.com by 426.5% in the 1st quarter. CX Institutional now owns 179 shares of the CRM provider’s stock worth $28,000 after acquiring an additional 145 shares during the last quarter. Asset Dedication LLC lifted its holdings in shares of salesforce.com by 45.3% in the 1st quarter. Asset Dedication LLC now owns 218 shares of the CRM provider’s stock worth $35,000 after acquiring an additional 68 shares during the last quarter. Intercontinental Wealth Advisors LLC bought a new stake in shares of salesforce.com in the 4th quarter worth about $36,000. Finally, Semmax Financial Advisors Inc. bought a new stake in shares of salesforce.com in the 4th quarter worth about $36,000. Hedge funds and other institutional investors own 83.02% of the company’s stock.

CRM has been the topic of several recent analyst reports. Stephens initiated coverage on shares of salesforce.com in a research note on Wednesday, January 16th. They issued an “overweight” rating and a $183.00 price target on the stock. TheStreet raised shares of salesforce.com from a “c+” rating to a “b” rating in a research note on Thursday, January 31st. Atlantic Securities initiated coverage on shares of salesforce.com in a research note on Wednesday, January 9th. They issued an “overweight” rating and a $179.00 price target on the stock. Bank of America reaffirmed a “buy” rating and issued a $200.00 price target (up previously from $181.00) on shares of salesforce.com in a research note on Wednesday, February 27th. Finally, Barclays raised their price target on shares of salesforce.com to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 5th. Three research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. salesforce.com presently has a consensus rating of “Buy” and a consensus target price of $177.82.

Shares of salesforce.com stock traded up $2.17 on Monday, reaching $158.16. The stock had a trading volume of 1,446,840 shares, 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 1 year low of $113.60 and a 1 year high of $166.99. The company has a market cap of $121.29 billion, a P/E ratio of 109.08, a PEG ratio of 5.68 and a beta of 1.39.

salesforce.com (NYSE:CRM) last issued its quarterly earnings data on Monday, March 4th. The CRM provider reported $0.37 earnings per share (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 for the quarter, compared to the consensus estimate of $3.56 billion. During the same quarter in the previous year, the firm earned $0.35 EPS. As a group, equities research analysts forecast that salesforce.com, inc. will post 1.2 EPS for the current fiscal year.

In other news, insider Srinivas Tallapragada sold 362 shares of salesforce.com stock in a transaction that occurred on Wednesday, January 23rd. The shares were sold at an average price of $149.15, for a total value of $53,992.30. Following the transaction, the insider now owns 1,517 shares of the company’s stock, valued at approximately $226,260.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Joe Allanson sold 667 shares of salesforce.com stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $159.60, for a total transaction of $106,453.20. Following the completion of the transaction, the chief accounting officer now directly owns 31,633 shares in the company, valued at approximately $5,048,626.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 445,691 shares of company stock worth $70,458,306. Insiders own 6.00% of the company’s stock.

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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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