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Autus Asset Management LLC lifted its stake in shares of salesforce.com, inc. (NYSE:CRM) by 35.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 25,881 shares of the CRM provider’s stock after purchasing an additional 6,763 shares during the quarter. Autus Asset Management LLC’s holdings in salesforce.com were worth $3,927,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the company. Heritage Investors Management Corp lifted its holdings in salesforce.com by 10.0% in the first quarter. Heritage Investors Management Corp now owns 34,427 shares of the CRM provider’s stock valued at $5,452,000 after acquiring an additional 3,143 shares during the last quarter. Columbus Circle Investors acquired a new position in salesforce.com in the first quarter valued at approximately $26,017,000. MML Investors Services LLC lifted its holdings in salesforce.com by 46.5% in the first quarter. MML Investors Services LLC now owns 44,065 shares of the CRM provider’s stock valued at $6,979,000 after acquiring an additional 13,991 shares during the last quarter. Oakworth Capital Inc. lifted its holdings in salesforce.com by 506.5% in the first quarter. Oakworth Capital Inc. now owns 467 shares of the CRM provider’s stock valued at $74,000 after acquiring an additional 390 shares during the last quarter. Finally, JJJ Advisors Inc. acquired a new position in salesforce.com in the first quarter valued at approximately $32,000. Institutional investors and hedge funds own 81.58% of the company’s stock.
CRM has been the topic of a number of recent analyst reports. Credit Suisse Group reiterated an “outperform” rating on shares of salesforce.com in a report on Thursday, June 6th. UBS Group set a $210.00 price objective on Alibaba Group and gave the company a “buy” rating in a report on Tuesday, June 11th. Barclays reiterated a “hold” rating on shares of Bank of Montreal in a report on Tuesday, June 11th. Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 150 ($1.96) price objective on shares of in a report on Monday, June 17th. Finally, JPMorgan Chase & Co. upgraded ROYAL MAIL PLC/ADR from an “underweight” rating to a “neutral” rating in a report on Monday, June 3rd. Three analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and one has issued a strong buy rating to the stock. salesforce.com currently has an average rating of “Buy” and a consensus price target of $180.11.
salesforce.com stock opened at $159.97 on Friday. salesforce.com, inc. has a twelve month low of $113.60 and a twelve month high of $167.56. The stock’s fifty day moving average is $154.95. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $123.66 billion, a price-to-earnings ratio of 110.32, a P/E/G ratio of 5.85 and a beta of 1.28.
salesforce.com (NYSE:CRM) last posted its quarterly earnings data on Tuesday, June 4th. The CRM provider reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.32. salesforce.com had a return on equity of 8.18% and a net margin of 8.26%. The business had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.68 billion. During the same quarter in the prior year, the company earned $0.74 earnings per share. The company’s revenue was up 24.3% on a year-over-year basis. On average, equities research analysts expect that salesforce.com, inc. will post 1.25 EPS for the current year.
In related news, Chairman Marc Benioff sold 10,000 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $164.58, for a total value of $1,645,800.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Mark J. Hawkins sold 15,271 shares of the stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $157.31, for a total value of $2,402,281.01. Following the completion of the transaction, the insider now directly owns 24,375 shares in the company, valued at approximately $3,834,431.25. The disclosure for this sale can be found here. Insiders have sold 352,055 shares of company stock worth $54,950,733 in the last ninety days. Corporate insiders own 5.50% of the company’s stock.
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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