Catamount Wealth Management Takes Position in salesforce.com, inc. (CRM)

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Catamount Wealth Management purchased a new stake in shares of salesforce.com, inc. (NYSE:CRM) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 13,305 shares of the CRM provider’s stock, valued at approximately $2,107,000. salesforce.com makes up approximately 1.2% of Catamount Wealth Management’s investment portfolio, making the stock its 20th biggest position.

Several other large investors have also made changes to their positions in CRM. Flinton Capital Management LLC lifted its holdings in salesforce.com by 17.5% in the fourth quarter. Flinton Capital Management LLC now owns 73,056 shares of the CRM provider’s stock valued at $10,006,000 after acquiring an additional 10,864 shares during the period. Piedmont Investment Advisors Inc. lifted its holdings in salesforce.com by 5.7% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 93,507 shares of the CRM provider’s stock valued at $12,808,000 after acquiring an additional 5,063 shares during the period. 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 period. Putnam FL Investment Management Co. lifted its holdings in salesforce.com by 0.5% in the fourth quarter. Putnam FL Investment Management Co. now owns 21,392 shares of the CRM provider’s stock valued at $2,930,000 after acquiring an additional 97 shares during the period. Finally, Redpoint Investment Management Pty Ltd lifted its holdings in salesforce.com by 10.7% in the fourth quarter. Redpoint Investment Management Pty Ltd now owns 55,648 shares of the CRM provider’s stock valued at $7,622,000 after acquiring an additional 5,398 shares during the period. 83.13% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have weighed in on CRM. Zacks Investment Research downgraded salesforce.com from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $180.00 target price on shares of salesforce.com in a report on Wednesday, April 17th. Robert W. Baird increased their target price on salesforce.com from $165.00 to $175.00 and gave the company an “outperform” rating in a report on Tuesday, March 5th. Mizuho began coverage on salesforce.com in a report on Wednesday, March 13th. They issued a “buy” rating and a $185.00 target price on the stock. Finally, JMP Securities reissued a “buy” rating and issued a $178.00 target price on shares of salesforce.com in a report on Wednesday, March 6th. Three investment analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $177.82.

NYSE:CRM opened at $158.07 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.95 and a quick ratio of 0.95. salesforce.com, inc. has a 12-month low of $113.60 and a 12-month high of $167.56. The stock has a market cap of $118.04 billion, a P/E ratio of 109.01, a price-to-earnings-growth ratio of 5.65 and a beta of 1.37.

salesforce.com (NYSE:CRM) last released its earnings results on Monday, March 4th. The CRM provider reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.14. salesforce.com had a return on equity of 8.42% and a net margin of 8.36%. The firm had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.56 billion. During the same quarter last year, the business posted $0.35 earnings per share. As a group, research analysts anticipate that salesforce.com, inc. will post 1.18 EPS for the current year.

In other salesforce.com news, insider Parker Harris sold 6,330 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $156.39, for a total transaction of $989,948.70. Following the completion of the transaction, the insider now owns 33,882 shares in the company, valued at approximately $5,298,805.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Amy E. Weaver sold 5,325 shares of the firm’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $161.08, for a total value of $857,751.00. Following the transaction, the insider now owns 29,127 shares of the company’s stock, valued at approximately $4,691,777.16. The disclosure for this sale can be found here. Insiders have sold 439,500 shares of company stock valued at $70,392,703 in the last quarter. 5.50% of the stock is currently owned by company 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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