Quantitative Systematic Strategies LLC lifted its stake in shares of salesforce.com, inc. (NYSE:CRM) by 175.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,625 shares of the CRM provider’s stock after purchasing an additional 14,400 shares during the period. salesforce.com comprises about 0.9% of Quantitative Systematic Strategies LLC’s investment portfolio, making the stock its 16th biggest holding. Quantitative Systematic Strategies LLC’s holdings in salesforce.com were worth $3,583,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CRM. Raymond James Trust N.A. lifted its holdings in salesforce.com by 1.0% in the first quarter. Raymond James Trust N.A. now owns 11,155 shares of the CRM provider’s stock worth $1,766,000 after acquiring an additional 112 shares during the last quarter. Sciencast Management LP bought a new position in salesforce.com in the first quarter worth about $2,578,000. Retirement Systems of Alabama lifted its holdings in salesforce.com by 1.3% in the first quarter. Retirement Systems of Alabama now owns 606,217 shares of the CRM provider’s stock worth $96,007,000 after acquiring an additional 7,694 shares during the last quarter. Strategic Advisors LLC lifted its holdings in salesforce.com by 30.0% in the first quarter. Strategic Advisors LLC now owns 4,932 shares of the CRM provider’s stock worth $781,000 after acquiring an additional 1,137 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in salesforce.com by 0.7% in the first quarter. Louisiana State Employees Retirement System now owns 40,400 shares of the CRM provider’s stock worth $6,398,000 after acquiring an additional 300 shares during the last quarter. 83.02% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE CRM traded down $0.62 during mid-day trading on Monday, reaching $160.09. 2,482,826 shares of the company traded hands, compared to its average volume of 5,439,974. salesforce.com, inc. has a fifty-two week low of $113.60 and a fifty-two week high of $166.99. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $123.92 billion, a PE ratio of 110.41, a P/E/G ratio of 5.36 and a beta of 1.39.

salesforce.com (NYSE:CRM) last posted its quarterly earnings data on Monday, March 4th. The CRM provider reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.14. salesforce.com had a net margin of 8.36% and a return on equity of 8.42%. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.56 billion. During the same quarter last year, the business earned $0.35 earnings per share. Sell-side analysts anticipate that salesforce.com, inc. will post 1.31 earnings per share for the current fiscal year.

CRM has been the topic of a number of recent research reports. ValuEngine raised shares of salesforce.com from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. Pivotal Research raised shares of salesforce.com from a “hold” rating to a “buy” rating and raised their target price for the stock from $140.00 to $164.00 in a report on Monday, January 7th. Wedbush reissued an “outperform” rating and issued a $166.00 target price on shares of salesforce.com in a report on Monday, January 7th. Atlantic Securities initiated coverage on shares of salesforce.com in a report on Wednesday, January 9th. They issued an “overweight” rating and a $179.00 target price on the stock. Finally, Stephens initiated coverage on shares of salesforce.com in a report on Wednesday, January 16th. They issued an “overweight” rating and a $183.00 target price on the stock. Three investment analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $177.82.

In other salesforce.com news, insider Parker Harris sold 6,331 shares of salesforce.com stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $157.36, for a total value of $996,246.16. Following the transaction, the insider now owns 33,883 shares in the company, valued at $5,331,828.88. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Amy E. Weaver sold 5,325 shares of salesforce.com stock in a transaction that occurred on Tuesday, January 15th. The stock was sold at an average price of $146.07, for a total transaction of $777,822.75. Following the completion of the transaction, the insider now owns 28,296 shares in the company, valued at approximately $4,133,196.72. The disclosure for this sale can be found here. Insiders have sold 440,337 shares of company stock worth $69,281,589 in the last quarter. Company insiders own 6.00% of the company’s stock.

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About salesforce.com

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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