salesforce.com, inc. (NYSE:CRM) Shares Bought by PointState Capital LP

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PointState Capital LP grew its stake in shares of salesforce.com, inc. (NYSE:CRM) by 25.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,988,044 shares of the CRM provider’s stock after purchasing an additional 615,029 shares during the period. salesforce.com makes up 3.8% of PointState Capital LP’s investment portfolio, making the stock its 4th biggest holding. PointState Capital LP owned about 0.41% of salesforce.com worth $347,510,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. TIAA CREF Investment Management LLC raised its holdings in shares of salesforce.com by 7.0% during the fourth quarter. TIAA CREF Investment Management LLC now owns 9,865,725 shares of the CRM provider’s stock valued at $1,008,573,000 after purchasing an additional 645,099 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of salesforce.com by 3.6% during the first quarter. Massachusetts Financial Services Co. MA now owns 6,572,224 shares of the CRM provider’s stock valued at $764,350,000 after purchasing an additional 226,056 shares during the period. Baillie Gifford & Co. increased its position in shares of salesforce.com by 4.9% during the first quarter. Baillie Gifford & Co. now owns 6,046,347 shares of the CRM provider’s stock worth $703,190,000 after acquiring an additional 280,110 shares in the last quarter. Brown Advisory Inc. increased its position in shares of salesforce.com by 2.4% during the fourth quarter. Brown Advisory Inc. now owns 4,756,094 shares of the CRM provider’s stock worth $486,216,000 after acquiring an additional 112,839 shares in the last quarter. Finally, Tybourne Capital Management HK Ltd. increased its position in shares of salesforce.com by 27.8% during the fourth quarter. Tybourne Capital Management HK Ltd. now owns 4,346,500 shares of the CRM provider’s stock worth $444,343,000 after acquiring an additional 945,000 shares in the last quarter. Hedge funds and other institutional investors own 84.20% of the company’s stock.

In other salesforce.com news, Chairman Marc Benioff sold 5,000 shares of the stock in a transaction that occurred on Friday, June 29th. The shares were sold at an average price of $136.66, for a total value of $683,300.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Alan G. Hassenfeld sold 25,000 shares of the stock in a transaction that occurred on Friday, June 1st. The stock was sold at an average price of $130.54, for a total transaction of $3,263,500.00. Following the completion of the sale, the director now owns 123,006 shares in the company, valued at $16,057,203.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 18,000 shares of company stock worth $2,363,520 and have sold 604,981 shares worth $77,317,351. Corporate insiders own 6.00% of the company’s stock.

Shares of CRM stock opened at $136.40 on Friday. The company has a market cap of $99.16 billion, a P/E ratio of 303.11, a price-to-earnings-growth ratio of 5.40 and a beta of 1.26. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.29 and a current ratio of 1.29. salesforce.com, inc. has a 12 month low of $85.12 and a 12 month high of $142.12.

salesforce.com (NYSE:CRM) last announced its quarterly earnings results on Tuesday, May 29th. The CRM provider reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.28. The company had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $2.94 billion. salesforce.com had a net margin of 4.33% and a return on equity of 7.25%. salesforce.com’s revenue was up 25.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.28 EPS. research analysts forecast that salesforce.com, inc. will post 1 EPS for the current year.

Several equities research analysts have recently commented on CRM shares. Barclays boosted their target price on shares of salesforce.com from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 21st. Credit Suisse Group boosted their target price on shares of salesforce.com from $135.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, May 4th. Bank of America reissued a “buy” rating and set a $161.00 target price on shares of salesforce.com in a research report on Monday, May 21st. UBS Group set a $144.00 target price on shares of salesforce.com and gave the stock a “buy” rating in a research report on Wednesday, March 21st. Finally, Wedbush reissued an “outperform” rating and set a $140.00 target price on shares of salesforce.com in a research report on Thursday, April 5th. Six investment analysts have rated the stock with a hold rating, forty-six have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $133.85.

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.

Institutional Ownership by Quarter for salesforce.com (NYSE:CRM)

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