Fulton Breakefield Broenniman LLC lifted its holdings in salesforce.com, inc. (NYSE:CRM) by 4.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 35,250 shares of the CRM provider’s stock after purchasing an additional 1,566 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in salesforce.com were worth $5,733,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. MidWestOne Financial Group Inc. bought a new stake in shares of salesforce.com during the second quarter valued at approximately $756,000. EP Wealth Advisors LLC lifted its holdings in shares of salesforce.com by 23.0% in the 2nd quarter. EP Wealth Advisors LLC now owns 2,527 shares of the CRM provider’s stock worth $383,000 after buying an additional 472 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in shares of salesforce.com by 31.2% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 519,231 shares of the CRM provider’s stock worth $77,075,000 after buying an additional 123,548 shares during the period. Welch & Forbes LLC grew its position in shares of salesforce.com by 19.0% during the 3rd quarter. Welch & Forbes LLC now owns 4,290 shares of the CRM provider’s stock worth $637,000 after buying an additional 686 shares in the last quarter. Finally, Sandy Spring Bank grew its position in shares of salesforce.com by 1.7% during the 3rd quarter. Sandy Spring Bank now owns 46,067 shares of the CRM provider’s stock worth $6,839,000 after buying an additional 749 shares in the last quarter. 80.42% of the stock is owned by hedge funds and other institutional investors.

Shares of CRM stock traded down $1.73 during trading hours on Tuesday, reaching $182.12. 4,341,490 shares of the company’s stock were exchanged, compared to its average volume of 6,024,278. salesforce.com, inc. has a 1 year low of $137.87 and a 1 year high of $184.45. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.16. The stock has a market cap of $159.84 billion, a PE ratio of 125.60, a PEG ratio of 7.52 and a beta of 1.22. The stock’s fifty day moving average price is $165.12 and its two-hundred day moving average price is $155.86.

salesforce.com (NYSE:CRM) last released its earnings results on Tuesday, December 3rd. The CRM provider reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. The company had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.45 billion. salesforce.com had a net margin of 4.64% and a return on equity of 5.37%. salesforce.com’s revenue for the quarter was up 33.0% on a year-over-year basis. During the same period last year, the business earned $0.61 EPS. On average, equities analysts expect that salesforce.com, inc. will post 1.28 EPS for the current fiscal year.

Several research firms recently weighed in on CRM. SunTrust Banks restated a “buy” rating and issued a $195.00 price objective on shares of salesforce.com in a report on Wednesday, December 4th. JPMorgan Chase & Co. reiterated a “buy” rating and set a $200.00 target price on shares of salesforce.com in a report on Wednesday, December 4th. Needham & Company LLC reiterated a “hold” rating on shares of salesforce.com in a report on Wednesday, December 4th. Canaccord Genuity reissued a “buy” rating and set a $185.00 target price on shares of salesforce.com in a research report on Wednesday, December 4th. Finally, Robert W. Baird restated a “buy” rating and issued a $185.00 price target on shares of salesforce.com in a report on Thursday, November 21st. Five research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the company’s stock. salesforce.com has a consensus rating of “Buy” and an average price target of $192.80.

In other news, Director Susan Wojcicki bought 1,100 shares of salesforce.com stock in a transaction that occurred on Tuesday, January 7th. The stock was bought at an average price of $175.26 per share, for a total transaction of $192,786.00. Following the purchase, the director now directly owns 100,569 shares of the company’s stock, valued at approximately $17,625,722.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Marc Benioff sold 10,000 shares of the firm’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $180.01, for a total value of $1,800,100.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 395,741 shares of company stock valued at $63,928,887. Corporate insiders own 5.50% of the company’s stock.

salesforce.com Company 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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