Flagship Harbor Advisors LLC Grows Position in salesforce.com, inc. (CRM)

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Flagship Harbor Advisors LLC increased its holdings in shares of salesforce.com, inc. (NYSE:CRM) by 4.8% during the 1st quarter, HoldingsChannel.com reports. The fund owned 4,297 shares of the CRM provider’s stock after buying an additional 195 shares during the period. Flagship Harbor Advisors LLC’s holdings in salesforce.com were worth $680,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CRM. Vanguard Group Inc. grew its position in salesforce.com by 4.6% in the 3rd quarter. Vanguard Group Inc. now owns 54,471,296 shares of the CRM provider’s stock worth $8,662,570,000 after purchasing an additional 2,398,648 shares during the last quarter. Vanguard Group Inc grew its position in salesforce.com by 4.6% in the 3rd quarter. Vanguard Group Inc now owns 54,471,296 shares of the CRM provider’s stock worth $8,662,570,000 after purchasing an additional 2,398,648 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of salesforce.com by 9.2% in the fourth quarter. BlackRock Inc. now owns 51,270,156 shares of the CRM provider’s stock valued at $7,022,474,000 after acquiring an additional 4,321,630 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of salesforce.com by 29,364.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,716,594 shares of the CRM provider’s stock valued at $159,000 after acquiring an additional 21,642,889 shares in the last quarter. Finally, Jennison Associates LLC boosted its holdings in shares of salesforce.com by 18.3% in the fourth quarter. Jennison Associates LLC now owns 19,671,694 shares of the CRM provider’s stock valued at $2,694,432,000 after acquiring an additional 3,041,293 shares in the last quarter. Hedge funds and other institutional investors own 83.02% of the company’s stock.

CRM stock opened at $160.09 on Tuesday. salesforce.com, inc. has a 12 month low of $113.60 and a 12 month high of $166.99. The company has a market cap of $123.87 billion, a P/E ratio of 110.41, a price-to-earnings-growth ratio of 5.36 and a beta of 1.39. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.20.

salesforce.com (NYSE:CRM) last released its earnings results on Monday, March 4th. The CRM provider reported $0.37 EPS for the quarter, beating the consensus estimate of $0.23 by $0.14. salesforce.com had a net margin of 8.36% and a return on equity of 8.42%. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.56 billion. During the same period in the prior year, the business earned $0.35 earnings per share. Equities analysts predict that salesforce.com, inc. will post 1.31 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on the stock. Exane BNP Paribas assumed coverage on shares of salesforce.com in a report on Friday, March 29th. They issued an “outperform” rating for the company. BNP Paribas assumed coverage on shares of salesforce.com in a report on Friday, March 29th. They issued an “outperform” rating for the company. Mizuho assumed coverage on shares of salesforce.com in a report on Wednesday, March 13th. They issued a “buy” rating and a $185.00 price objective for the company. Zacks Investment Research cut shares of salesforce.com from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. Finally, Citigroup increased their price objective on shares of salesforce.com from $183.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Three analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $177.82.

In related news, CEO Keith Block sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 16th. The shares were sold at an average price of $149.15, for a total value of $745,750.00. Following the completion of the sale, the chief executive officer now owns 27,705 shares in the company, valued at approximately $4,132,200.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Amy E. Weaver sold 456 shares of the company’s stock in a transaction that occurred on Wednesday, January 23rd. The shares were sold at an average price of $149.15, for a total transaction of $68,012.40. Following the completion of the sale, the general counsel now owns 24,258 shares of the company’s stock, valued at approximately $3,618,080.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 434,812 shares of company stock valued at $68,474,552. 6.00% of the stock is owned by insiders.

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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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