FIL Ltd boosted its holdings in shares of Salesforce.com Inc (NYSE:CRM) by 4.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,530,096 shares of the CRM provider’s stock after purchasing an additional 66,358 shares during the quarter. FIL Ltd owned about 0.21% of Salesforce.com worth $132,506,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Thompson Davis & CO. Inc. raised its stake in Salesforce.com by 0.6% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 3,163 shares of the CRM provider’s stock valued at $274,000 after purchasing an additional 18 shares during the period. First Personal Financial Services raised its stake in Salesforce.com by 1.6% during the 2nd quarter. First Personal Financial Services now owns 1,636 shares of the CRM provider’s stock valued at $142,000 after purchasing an additional 25 shares during the period. Appropriate Balance Financial Services Inc. raised its stake in Salesforce.com by 6.9% during the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 513 shares of the CRM provider’s stock valued at $5,928,000 after purchasing an additional 33 shares during the period. Boston Private Wealth LLC raised its stake in Salesforce.com by 0.3% during the 2nd quarter. Boston Private Wealth LLC now owns 12,607 shares of the CRM provider’s stock valued at $1,092,000 after purchasing an additional 38 shares during the period. Finally, King Luther Capital Management Corp raised its stake in Salesforce.com by 1.3% during the 1st quarter. King Luther Capital Management Corp now owns 3,233 shares of the CRM provider’s stock valued at $267,000 after purchasing an additional 43 shares during the period. 86.06% of the stock is currently owned by institutional investors.

Salesforce.com Inc (NYSE CRM) traded up 0.21% during midday trading on Friday, hitting $95.06. The company had a trading volume of 383,770 shares. The stock’s market cap is $68.32 billion. The stock’s 50-day moving average price is $93.14 and its 200-day moving average price is $88.31. Salesforce.com Inc has a 52-week low of $66.43 and a 52-week high of $98.22.

Salesforce.com (NYSE:CRM) last posted its earnings results on Tuesday, August 22nd. The CRM provider reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $2.52 billion. During the same quarter in the prior year, the company earned $0.24 EPS. Salesforce.com’s revenue was up 25.7% on a year-over-year basis. On average, equities research analysts expect that Salesforce.com Inc will post $1.32 EPS for the current fiscal year.

In other Salesforce.com news, Vice Chairman Keith Block sold 7,641 shares of the business’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $95.85, for a total value of $732,389.85. Following the completion of the transaction, the insider now directly owns 14,718 shares in the company, valued at approximately $1,410,720.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Parker Harris sold 8,026 shares of the business’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $95.60, for a total value of $767,285.60. Following the completion of the transaction, the insider now owns 51,571 shares of the company’s stock, valued at $4,930,187.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 624,571 shares of company stock worth $56,655,922. 6.70% of the stock is owned by corporate insiders.

A number of analysts have issued reports on CRM shares. Canaccord Genuity reaffirmed a “buy” rating on shares of Salesforce.com in a research note on Monday, September 11th. Northland Securities reaffirmed a “buy” rating and issued a $105.00 price objective on shares of Salesforce.com in a research note on Sunday, September 10th. Moffett Nathanson started coverage on Salesforce.com in a research note on Wednesday, September 6th. They issued a “buy” rating and a $125.00 price objective on the stock. Stephens reaffirmed an “overweight” rating and issued a $107.00 price objective (up previously from $100.00) on shares of Salesforce.com in a research note on Thursday, August 31st. Finally, BNP Paribas reaffirmed a “buy” rating and issued a $95.00 price objective on shares of Salesforce.com in a research note on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and forty-seven have issued a buy rating to the stock. Salesforce.com has an average rating of “Buy” and a consensus target price of $102.28.

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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.

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

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