Twin Tree Management LP bought a new position in Salesforce.com Inc (NYSE:CRM) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 23,727 shares of the CRM provider’s stock, valued at approximately $2,055,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Gilbert & Cook Inc. purchased a new position in shares of Salesforce.com in the 2nd quarter worth approximately $251,000. Prudential Financial Inc. boosted its stake in shares of Salesforce.com by 1.4% in the 2nd quarter. Prudential Financial Inc. now owns 911,249 shares of the CRM provider’s stock worth $78,914,000 after buying an additional 12,516 shares during the last quarter. KBC Group NV boosted its stake in shares of Salesforce.com by 16.9% in the 1st quarter. KBC Group NV now owns 521,167 shares of the CRM provider’s stock worth $42,991,000 after buying an additional 75,430 shares during the last quarter. Synovus Financial Corp boosted its stake in shares of Salesforce.com by 10.7% in the 2nd quarter. Synovus Financial Corp now owns 22,247 shares of the CRM provider’s stock worth $1,927,000 after buying an additional 2,144 shares during the last quarter. Finally, Compton Capital Management Inc. RI purchased a new position in shares of Salesforce.com in the 1st quarter worth approximately $436,000. Hedge funds and other institutional investors own 86.98% of the company’s stock.

In other Salesforce.com news, insider Parker Harris sold 8,027 shares of the stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $96.01, for a total transaction of $770,672.27. Following the transaction, the insider now directly owns 51,572 shares of the company’s stock, valued at $4,951,427.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Amy E. Weaver sold 1,400 shares of the stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $87.04, for a total transaction of $121,856.00. Following the transaction, the insider now directly owns 16,513 shares in the company, valued at $1,437,291.52. The disclosure for this sale can be found here. Insiders have sold 712,105 shares of company stock worth $63,938,891 over the last three months. 6.70% of the stock is currently owned by insiders.

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A number of brokerages have recently weighed in on CRM. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $100.00 target price on shares of Salesforce.com in a research note on Thursday, August 24th. Vetr downgraded Salesforce.com from a “buy” rating to a “hold” rating and set a $93.21 target price on the stock. in a research note on Tuesday, August 15th. Northland Securities restated a “buy” rating and issued a $105.00 target price on shares of Salesforce.com in a research note on Wednesday, August 23rd. MKM Partners restated a “buy” rating and issued a $104.00 target price on shares of Salesforce.com in a research note on Thursday, August 24th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $115.00 target price on shares of Salesforce.com in a research note on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and forty-seven have assigned a buy rating to the company’s stock. Salesforce.com has a consensus rating of “Buy” and an average target price of $102.28.

Shares of Salesforce.com Inc (CRM) traded up 1.39% during trading on Thursday, hitting $97.15. 1,528,372 shares of the company’s stock were exchanged. The stock’s market cap is $69.82 billion. The firm has a 50-day moving average price of $91.67 and a 200-day moving average price of $87.40. Salesforce.com Inc has a one year low of $66.43 and a one year high of $97.15.

Salesforce.com (NYSE:CRM) last announced its quarterly earnings results on Tuesday, August 22nd. The CRM provider reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.24. Salesforce.com had a negative net margin of 0.85% and a positive return on equity of 1.83%. The firm had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the prior year, the firm posted $0.24 earnings per share. The firm’s quarterly revenue was up 25.7% compared to the same quarter last year. Equities research analysts expect that Salesforce.com Inc will post $1.31 EPS for the current fiscal year.

About Salesforce.com

Salesforce.com, inc. is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management (CRM). The Company focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies. The Company’s service offerings are configured and integrated with other platforms and enterprise applications.

Institutional Ownership by Quarter for Salesforce.com (NYSE:CRM)

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