AE Wealth Management LLC lifted its stake in salesforce.com, inc. (NYSE:CRM) by 37.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,548 shares of the CRM provider’s stock after buying an additional 7,238 shares during the quarter. AE Wealth Management LLC’s holdings in salesforce.com were worth $3,822,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Wellington Shields Capital Management LLC boosted its stake in shares of salesforce.com by 11.9% in the first quarter. Wellington Shields Capital Management LLC now owns 30,584 shares of the CRM provider’s stock worth $4,403,000 after buying an additional 3,246 shares during the last quarter. BOK Financial Private Wealth Inc. purchased a new stake in shares of salesforce.com in the first quarter worth about $2,143,000. Benjamin F. Edwards & Company Inc. boosted its stake in shares of salesforce.com by 23.3% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 17,891 shares of the CRM provider’s stock worth $2,576,000 after buying an additional 3,383 shares during the last quarter. Montag A & Associates Inc. boosted its stake in shares of salesforce.com by 124.3% in the first quarter. Montag A & Associates Inc. now owns 24,061 shares of the CRM provider’s stock worth $3,464,000 after buying an additional 13,334 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of salesforce.com by 17.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 234,139 shares of the CRM provider’s stock worth $33,711,000 after buying an additional 34,802 shares during the last quarter. Hedge funds and other institutional investors own 82.25% of the company’s stock.

In other salesforce.com news, CEO Marc Benioff sold 10,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $166.29, for a total transaction of $1,662,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Amy E. Weaver sold 10,864 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $190.35, for a total value of $2,067,962.40. Following the sale, the insider now directly owns 47,034 shares of the company’s stock, valued at approximately $8,952,921.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 418,748 shares of company stock valued at $67,122,008. 5.50% of the stock is owned by insiders.

A number of analysts have recently commented on CRM shares. JMP Securities upped their target price on salesforce.com from $172.00 to $191.00 and gave the stock a “market outperform” rating in a research note on Monday, May 11th. Credit Suisse Group restated a “buy” rating and issued a $215.00 target price on shares of salesforce.com in a research note on Wednesday, February 26th. OTR Global downgraded salesforce.com to a “positive” rating in a research report on Wednesday. Oppenheimer lowered their price target on salesforce.com from $205.00 to $165.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 17th. Finally, Monness Crespi & Hardt lowered their price target on salesforce.com from $222.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, March 30th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-seven have assigned a buy rating and three have assigned a strong buy rating to the company. salesforce.com presently has a consensus rating of “Buy” and an average target price of $198.31.

NYSE:CRM opened at $171.33 on Friday. salesforce.com, inc. has a one year low of $115.29 and a one year high of $195.72. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market cap of $158.11 billion, a PE ratio of 856.69, a P/E/G ratio of 7.92 and a beta of 1.07. The stock has a 50 day moving average price of $155.79 and a 200 day moving average price of $164.93.

salesforce.com (NYSE:CRM) last posted its earnings results on Tuesday, February 25th. The CRM provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.10. The company had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.75 billion. salesforce.com had a return on equity of 3.61% and a net margin of 0.74%. During the same quarter last year, the firm earned $0.70 earnings per share. As a group, analysts predict that salesforce.com, inc. will post 1.23 earnings per share for the current fiscal year.

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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