Jafra Capital Management LP bought a new position in salesforce.com, inc. (NYSE:CRM) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 25,000 shares of the CRM provider’s stock, valued at approximately $3,410,000. salesforce.com comprises about 1.2% of Jafra Capital Management LP’s investment portfolio, making the stock its 23rd biggest holding.

Several other hedge funds have also recently modified their holdings of the company. Millennium Management LLC increased its holdings in shares of salesforce.com by 0.9% in the second quarter. Millennium Management LLC now owns 1,389,057 shares of the CRM provider’s stock worth $189,467,000 after purchasing an additional 12,478 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. increased its holdings in shares of salesforce.com by 2.7% in the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 33,794 shares of the CRM provider’s stock worth $4,610,000 after purchasing an additional 900 shares during the last quarter. Partner Fund Management L.P. increased its holdings in shares of salesforce.com by 30.3% in the second quarter. Partner Fund Management L.P. now owns 724,231 shares of the CRM provider’s stock worth $98,785,000 after purchasing an additional 168,423 shares during the last quarter. Partner Investment Management L.P. increased its holdings in shares of salesforce.com by 33.2% in the second quarter. Partner Investment Management L.P. now owns 19,153 shares of the CRM provider’s stock worth $2,612,000 after purchasing an additional 4,770 shares during the last quarter. Finally, Soros Fund Management LLC increased its holdings in shares of salesforce.com by 107.7% in the second quarter. Soros Fund Management LLC now owns 243,269 shares of the CRM provider’s stock worth $33,182,000 after purchasing an additional 126,143 shares during the last quarter. 82.74% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE CRM opened at $158.18 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $117.57 billion, a P/E ratio of 132.79, a PEG ratio of 5.11 and a beta of 1.27. salesforce.com, inc. has a 52-week low of $92.11 and a 52-week high of $158.78.

salesforce.com (NYSE:CRM) last announced its quarterly earnings results on Wednesday, August 29th. The CRM provider reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.24. The firm had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.23 billion. salesforce.com had a return on equity of 8.27% and a net margin of 6.45%. salesforce.com’s quarterly revenue was up 27.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.33 earnings per share. analysts anticipate that salesforce.com, inc. will post 1.22 EPS for the current year.

Several equities research analysts have recently issued reports on CRM shares. SunTrust Banks lifted their target price on salesforce.com from $133.00 to $146.00 and gave the stock a “buy” rating in a report on Wednesday, May 30th. Deutsche Bank boosted their price objective on salesforce.com from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, May 30th. Deutsche Bank boosted their price objective on salesforce.com to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, May 30th. Stifel Nicolaus boosted their price objective on salesforce.com from $142.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, May 30th. Finally, UBS Group set a $144.00 price objective on salesforce.com and gave the stock a “buy” rating in a research note on Wednesday, May 30th. Five equities research analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and two have assigned a strong buy rating to the stock. salesforce.com has an average rating of “Buy” and a consensus price target of $159.97.

In related news, Director Susan Wojcicki bought 6,000 shares of the stock in a transaction on Tuesday, June 19th. The stock was bought at an average price of $138.11 per share, for a total transaction of $828,660.00. Following the completion of the acquisition, the director now directly owns 71,426 shares in the company, valued at $9,864,644.86. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Amy E. Weaver sold 494 shares of the company’s stock in a transaction on Thursday, August 23rd. The stock was sold at an average price of $147.23, for a total value of $72,731.62. Following the sale, the general counsel now owns 20,764 shares of the company’s stock, valued at approximately $3,057,083.72. The disclosure for this sale can be found here. In the last quarter, insiders purchased 18,000 shares of company stock valued at $2,584,260 and sold 451,184 shares valued at $65,021,825. 6.00% of the stock is currently owned by insiders.

salesforce.com Profile

salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management. The company offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, and gain insights through analytics and relationship intelligence, as well as deliver quotes, contracts, and invoices.

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

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