First Allied Advisory Services Inc. lowered its position in salesforce.com, inc. (NYSE:CRM) by 16.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 16,520 shares of the CRM provider’s stock after selling 3,371 shares during the period. First Allied Advisory Services Inc.’s holdings in salesforce.com were worth $2,457,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of CRM. Neville Rodie & Shaw Inc. lifted its position in shares of salesforce.com by 1.3% in the 2nd quarter. Neville Rodie & Shaw Inc. now owns 43,265 shares of the CRM provider’s stock worth $6,565,000 after purchasing an additional 548 shares during the period. Thomasville National Bank lifted its position in shares of salesforce.com by 1.4% in the 2nd quarter. Thomasville National Bank now owns 63,322 shares of the CRM provider’s stock worth $9,608,000 after purchasing an additional 884 shares during the period. Private Trust Co. NA lifted its position in shares of salesforce.com by 5.3% in the 2nd quarter. Private Trust Co. NA now owns 7,081 shares of the CRM provider’s stock worth $1,074,000 after purchasing an additional 354 shares during the period. Private Asset Management Inc. lifted its position in shares of salesforce.com by 5.3% in the 2nd quarter. Private Asset Management Inc. now owns 18,592 shares of the CRM provider’s stock worth $2,821,000 after purchasing an additional 930 shares during the period. Finally, Winfield Associates Inc. lifted its position in shares of salesforce.com by 3.5% in the 2nd quarter. Winfield Associates Inc. now owns 8,774 shares of the CRM provider’s stock worth $1,331,000 after purchasing an additional 300 shares during the period. Hedge funds and other institutional investors own 74.11% of the company’s stock.

A number of research analysts recently issued reports on the stock. KeyCorp set a $180.00 target price on shares of salesforce.com and gave the company a “buy” rating in a research report on Thursday, August 22nd. Morgan Stanley boosted their target price on shares of salesforce.com from $178.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Stephens set a $184.00 target price on shares of salesforce.com and gave the company a “buy” rating in a research report on Friday, August 23rd. OTR Global upgraded shares of salesforce.com to a “positive” rating in a research report on Thursday, August 15th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $171.00 target price on shares of salesforce.com in a research report on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating, thirty-six have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $185.60.

Shares of CRM stock opened at $163.05 on Friday. salesforce.com, inc. has a 12 month low of $113.60 and a 12 month high of $167.56. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $142.83 billion, a PE ratio of 112.45, a price-to-earnings-growth ratio of 6.97 and a beta of 1.22. The firm has a fifty day simple moving average of $151.66 and a two-hundred day simple moving average of $153.23.

salesforce.com (NYSE:CRM) last posted its earnings results on Thursday, August 22nd. The CRM provider reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.57. salesforce.com had a net margin of 6.45% and a return on equity of 7.26%. The firm had revenue of $4 billion during the quarter, compared to analyst estimates of $3.96 billion. During the same quarter in the prior year, the business posted $0.71 EPS. The business’s revenue was up 21.8% compared to the same quarter last year. On average, equities analysts predict that salesforce.com, inc. will post 1.25 earnings per share for the current fiscal year.

In other news, CEO Marc Benioff sold 5,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $163.14, for a total value of $815,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Alexandre Dayon sold 1,452 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $155.57, for a total transaction of $225,887.64. Following the completion of the sale, the insider now owns 50,155 shares of the company’s stock, valued at approximately $7,802,613.35. The disclosure for this sale can be found here. In the last quarter, insiders sold 250,199 shares of company stock valued at $38,077,197. Company insiders own 5.50% of the company’s stock.

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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