Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Salesforce.com Inc (NYSE:CRM) by 3.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 161,077 shares of the CRM provider’s stock after buying an additional 5,707 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Salesforce.com were worth $15,048,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in CRM. Synovus Financial Corp boosted its holdings in Salesforce.com by 10.7% in the second quarter. Synovus Financial Corp now owns 22,247 shares of the CRM provider’s stock valued at $1,927,000 after acquiring an additional 2,144 shares during the last quarter. Dai Ichi Life Insurance Company Ltd boosted its holdings in Salesforce.com by 142.5% in the second quarter. Dai Ichi Life Insurance Company Ltd now owns 124,707 shares of the CRM provider’s stock valued at $10,800,000 after acquiring an additional 73,271 shares during the last quarter. Rosenblum Silverman Sutton S F Inc. CA boosted its holdings in Salesforce.com by 15.6% in the second quarter. Rosenblum Silverman Sutton S F Inc. CA now owns 60,612 shares of the CRM provider’s stock valued at $5,249,000 after acquiring an additional 8,181 shares during the last quarter. Prudential Financial Inc. boosted its holdings in Salesforce.com by 1.4% in the second quarter. Prudential Financial Inc. now owns 911,249 shares of the CRM provider’s stock valued at $78,914,000 after acquiring an additional 12,516 shares during the last quarter. Finally, Summit Global Investments boosted its holdings in Salesforce.com by 85.3% in the second quarter. Summit Global Investments now owns 23,394 shares of the CRM provider’s stock valued at $2,026,000 after acquiring an additional 10,768 shares during the last quarter. 86.14% of the stock is owned by institutional investors.

In other news, Vice Chairman Keith Block sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $103.74, for a total transaction of $1,037,400.00. Following the transaction, the insider now directly owns 24,154 shares of the company’s stock, valued at $2,505,735.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Parker Harris sold 8,027 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $92.75, for a total value of $744,504.25. Following the transaction, the insider now directly owns 49,913 shares in the company, valued at $4,629,430.75. The disclosure for this sale can be found here. Insiders sold a total of 525,667 shares of company stock worth $51,069,184 over the last ninety days. Insiders own 6.20% of the company’s stock.

Several analysts recently commented on CRM shares. Royal Bank Of Canada reiterated a “buy” rating and issued a $102.00 target price on shares of Salesforce.com in a report on Monday, July 31st. Credit Suisse Group started coverage on Salesforce.com in a report on Tuesday, August 1st. They issued an “outperform” rating and a $110.00 target price on the stock. Vetr cut Salesforce.com from a “buy” rating to a “hold” rating and set a $93.21 target price on the stock. in a report on Wednesday, August 9th. Zacks Investment Research upgraded Salesforce.com from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a report on Monday, August 21st. Finally, Roth Capital reiterated a “buy” rating and issued a $112.00 target price (up from $103.00) on shares of Salesforce.com in a report on Tuesday, August 22nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and forty-six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $107.37.

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Shares of Salesforce.com Inc (NYSE CRM) traded up $0.38 during trading on Tuesday, reaching $106.16. The company’s stock had a trading volume of 2,065,164 shares, compared to its average volume of 4,365,178. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.08. The stock has a market cap of $75,635.98, a PE ratio of 526.20, a P/E/G ratio of 10.44 and a beta of 1.24. Salesforce.com Inc has a 1-year low of $66.43 and a 1-year high of $105.96.

Salesforce.com (NYSE:CRM) last announced its quarterly earnings results on Tuesday, August 22nd. The CRM provider reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.24. The business had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Salesforce.com had a positive return on equity of 1.83% and a negative net margin of 0.85%. The business’s quarterly revenue was up 25.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.24 EPS. sell-side analysts forecast that Salesforce.com Inc will post 0.4 earnings per share for the current year.

Salesforce.com Company 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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