Commonwealth Bank of Australia increased its position in Salesforce.com Inc (NYSE:CRM) by 386.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,160 shares of the CRM provider’s stock after purchasing an additional 6,484 shares during the period. Commonwealth Bank of Australia’s holdings in Salesforce.com were worth $705,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of CRM. Capital Analysts LLC lifted its holdings in shares of Salesforce.com by 14.1% in the 2nd quarter. Capital Analysts LLC now owns 1,266 shares of the CRM provider’s stock worth $110,000 after purchasing an additional 156 shares in the last quarter. Peddock Capital Advisors LLC lifted its holdings in shares of Salesforce.com by 3,000.0% in the 2nd quarter. Peddock Capital Advisors LLC now owns 1,395 shares of the CRM provider’s stock worth $121,000 after purchasing an additional 1,350 shares in the last quarter. Shine Investment Advisory Services Inc. bought a new position in shares of Salesforce.com in the 2nd quarter worth $130,000. First Personal Financial Services lifted its holdings in shares of Salesforce.com by 7.5% in the 1st quarter. First Personal Financial Services now owns 1,611 shares of the CRM provider’s stock worth $133,000 after purchasing an additional 112 shares in the last quarter. Finally, Harfst & Associates Inc. bought a new position in shares of Salesforce.com in the 1st quarter worth $141,000. Institutional investors own 86.06% of the company’s stock.

Salesforce.com Inc (CRM) opened at 94.63 on Monday. Salesforce.com Inc has a 1-year low of $66.43 and a 1-year high of $98.22. The stock’s 50 day moving average price is $92.86 and its 200 day moving average price is $88.04. The stock’s market capitalization is $68.01 billion.

Salesforce.com (NYSE:CRM) last issued its quarterly earnings results on Tuesday, August 22nd. The CRM provider reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.24. Salesforce.com had a positive return on equity of 1.83% and a negative net margin of 0.85%. 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 business posted $0.24 earnings per share. The company’s revenue for the quarter was up 25.7% on a year-over-year basis. On average, equities research analysts predict that Salesforce.com Inc will post $1.32 earnings per share for the current fiscal year.

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CRM has been the subject of a number of analyst reports. FBN Securities reissued an “outperform” rating and issued a $105.00 price target (up from $100.00) on shares of Salesforce.com in a research report on Sunday, May 21st. William Blair reissued an “outperform” rating on shares of Salesforce.com in a research report on Sunday, May 21st. Rosenblatt Securities reissued a “buy” rating and issued a $100.00 price target on shares of Salesforce.com in a research report on Sunday, May 21st. JMP Securities reissued an “outperform” rating and issued a $95.00 price target (up from $92.00) on shares of Salesforce.com in a research report on Monday, May 22nd. Finally, Barclays PLC lowered their price target on Salesforce.com from $100.00 to $97.00 and set an “overweight” rating for the company in a research report on Monday, May 22nd. One equities research 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. The company presently has a consensus rating of “Buy” and an average target price of $102.28.

In other Salesforce.com news, insider Amy E. Weaver sold 1,400 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was 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 approximately $1,437,291.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark J. Hawkins sold 490 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $93.52, for a total value of $45,824.80. Following the transaction, the chief financial officer now owns 14,886 shares in the company, valued at $1,392,138.72. The disclosure for this sale can be found here. Over the last quarter, insiders sold 657,159 shares of company stock worth $59,374,934. Company insiders own 6.70% of the company’s stock.

Salesforce.com Profile

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.

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

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