salesforce.com, inc. (CRM) Shares Sold by National Asset Management Inc.

National Asset Management Inc. decreased its stake in salesforce.com, inc. (NYSE:CRM) by 4.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,167 shares of the CRM provider’s stock after selling 447 shares during the period. National Asset Management Inc.’s holdings in salesforce.com were worth $1,453,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CRM. Vanguard Group Inc grew its holdings in salesforce.com by 4.6% in the 3rd quarter. Vanguard Group Inc now owns 54,471,296 shares of the CRM provider’s stock worth $8,662,570,000 after acquiring an additional 2,398,648 shares during the last quarter. BlackRock Inc. grew its holdings in salesforce.com by 9.2% in the 4th quarter. BlackRock Inc. now owns 51,270,156 shares of the CRM provider’s stock worth $7,022,474,000 after acquiring an additional 4,321,630 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in salesforce.com by 29,364.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 21,716,594 shares of the CRM provider’s stock worth $159,000 after acquiring an additional 21,642,889 shares during the last quarter. Jennison Associates LLC grew its holdings in salesforce.com by 18.3% in the 4th quarter. Jennison Associates LLC now owns 19,671,694 shares of the CRM provider’s stock worth $2,694,432,000 after acquiring an additional 3,041,293 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in salesforce.com by 3.4% in the 4th quarter. Northern Trust Corp now owns 10,542,891 shares of the CRM provider’s stock worth $1,444,059,000 after acquiring an additional 350,546 shares during the last quarter. 82.14% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Keith Block sold 5,000 shares of salesforce.com stock in a transaction dated Wednesday, February 27th. The shares were sold at an average price of $162.67, for a total transaction of $813,350.00. Following the completion of the transaction, the chief executive officer now directly owns 29,089 shares of the company’s stock, valued at approximately $4,731,907.63. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Joe Allanson sold 327 shares of salesforce.com stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $153.55, for a total transaction of $50,210.85. Following the transaction, the chief accounting officer now directly owns 30,619 shares of the company’s stock, valued at $4,701,547.45. The disclosure for this sale can be found here. Over the last three months, insiders have sold 434,341 shares of company stock valued at $69,322,876. 5.50% of the stock is currently owned by corporate insiders.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of salesforce.com from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. Bank of America reissued a “buy” rating and issued a $200.00 price target on shares of salesforce.com in a report on Monday, May 20th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $180.00 price target on shares of salesforce.com in a report on Wednesday, April 17th. Robert W. Baird raised their price target on shares of salesforce.com from $165.00 to $175.00 and gave the stock an “outperform” rating in a report on Tuesday, March 5th. Finally, Mizuho assumed coverage on shares of salesforce.com in a report on Wednesday, March 13th. They issued a “buy” rating and a $185.00 price target on the stock. Three investment analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $177.82.

Shares of NYSE CRM opened at $154.51 on Monday. salesforce.com, inc. has a 1 year low of $113.60 and a 1 year high of $167.56. The stock has a market cap of $119.09 billion, a P/E ratio of 106.56, a price-to-earnings-growth ratio of 5.70 and a beta of 1.37. 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 issued its quarterly earnings results on Monday, March 4th. The CRM provider reported $0.37 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.56 billion. During the same period last year, the company posted $0.35 EPS. As a group, research analysts forecast that salesforce.com, inc. will post 1.18 earnings per share for the current fiscal year.

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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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