Willingdon Wealth Management increased its holdings in Salesforce.com Inc (NYSE:CRM) by 3.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,088 shares of the CRM provider’s stock after purchasing an additional 932 shares during the quarter. Willingdon Wealth Management’s holdings in Salesforce.com were worth $2,531,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Capital Analysts LLC raised its holdings in 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 during the period. Peddock Capital Advisors LLC raised its holdings in 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 during the period. People s United Financial Inc. raised its holdings in Salesforce.com by 60.1% in the 2nd quarter. People s United Financial Inc. now owns 1,465 shares of the CRM provider’s stock worth $127,000 after purchasing an additional 550 shares during the period. Shine Investment Advisory Services Inc. acquired a new position in Salesforce.com in the 2nd quarter worth about $130,000. Finally, First Personal Financial Services raised its holdings in Salesforce.com by 1.6% in the 2nd quarter. First Personal Financial Services now owns 1,636 shares of the CRM provider’s stock worth $142,000 after purchasing an additional 25 shares during the period. 86.39% of the stock is owned by institutional investors.

CRM has been the subject of several research reports. Goldman Sachs Group, Inc. (The) set a $121.00 price objective on Salesforce.com and gave the stock a “buy” rating in a research note on Friday. Credit Suisse Group boosted their price objective on Salesforce.com from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday. Societe Generale set a $130.00 price objective on Salesforce.com and gave the stock a “buy” rating in a research note on Wednesday, November 15th. Morgan Stanley reiterated an “overweight” rating and set a $127.00 price objective (up from $107.00) on shares of Salesforce.com in a research note on Thursday, November 16th. Finally, Mizuho reiterated a “buy” rating and set a $120.00 price objective (up from $110.00) on shares of Salesforce.com in a research note on Monday, November 13th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and forty-six have assigned a buy rating to the company’s stock. Salesforce.com presently has a consensus rating of “Buy” and an average target price of $108.49.

In related news, Director Craig Conway sold 250 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $105.90, for a total transaction of $26,475.00. Following the completion of the sale, the director now directly owns 9,408 shares of the company’s stock, valued at approximately $996,307.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Alexandre Dayon sold 124,331 shares of the company’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $99.00, for a total transaction of $12,308,769.00. Following the sale, the insider now directly owns 154,406 shares of the company’s stock, valued at $15,286,194. The disclosure for this sale can be found here. Insiders have sold a total of 545,698 shares of company stock valued at $53,303,734 over the last three months. Corporate insiders own 6.20% of the company’s stock.

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Salesforce.com Inc (NYSE CRM) traded down $0.21 during mid-day trading on Tuesday, reaching $107.37. 5,578,500 shares of the company’s stock traded hands, compared to its average volume of 4,366,885. Salesforce.com Inc has a 12-month low of $66.43 and a 12-month high of $109.00. The stock has a market cap of $77,760.00, a PE ratio of 537.90, a P/E/G ratio of 10.67 and a beta of 1.23. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.77 and a quick ratio of 0.77.

Salesforce.com (NYSE:CRM) last announced its quarterly earnings data on Tuesday, August 22nd. The CRM provider reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 company had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the previous year, the company earned $0.24 EPS. The business’s quarterly revenue was up 25.7% compared to the same quarter last year. equities analysts anticipate that Salesforce.com Inc will post 0.4 earnings per share for the current 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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