KBC Group NV cut its stake in salesforce.com, inc. (NYSE:CRM) by 32.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 358,152 shares of the CRM provider’s stock after selling 168,470 shares during the quarter. KBC Group NV’s holdings in salesforce.com were worth $36,614,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Janus Henderson Group PLC increased its position in shares of salesforce.com by 5.3% during the third quarter. Janus Henderson Group PLC now owns 13,435,212 shares of the CRM provider’s stock worth $1,255,082,000 after acquiring an additional 675,471 shares during the last quarter. Legal & General Group Plc increased its position in shares of salesforce.com by 3.3% during the third quarter. Legal & General Group Plc now owns 3,132,927 shares of the CRM provider’s stock worth $292,674,000 after acquiring an additional 100,326 shares during the last quarter. Swiss National Bank increased its position in shares of salesforce.com by 0.9% during the fourth quarter. Swiss National Bank now owns 2,516,972 shares of the CRM provider’s stock worth $257,310,000 after acquiring an additional 22,700 shares during the last quarter. Alyeska Investment Group L.P. increased its position in shares of salesforce.com by 8.5% during the third quarter. Alyeska Investment Group L.P. now owns 2,488,454 shares of the CRM provider’s stock worth $232,471,000 after acquiring an additional 195,112 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of salesforce.com by 18.9% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,480,796 shares of the CRM provider’s stock worth $253,612,000 after acquiring an additional 394,208 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors.

salesforce.com, inc. (CRM) opened at $106.98 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.08. salesforce.com, inc. has a 52 week low of $80.25 and a 52 week high of $114.52. The company has a market capitalization of $75,140.88, a P/E ratio of 10,698.00, a price-to-earnings-growth ratio of 5.76 and a beta of 1.32.

salesforce.com (NYSE:CRM) last issued its earnings results on Tuesday, November 21st. The CRM provider reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.02. salesforce.com had a return on equity of 2.81% and a net margin of 0.09%. The company had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same period in the previous year, the firm posted $0.24 earnings per share. salesforce.com’s quarterly revenue was up 25.0% compared to the same quarter last year. equities research analysts predict that salesforce.com, inc. will post 0.43 EPS for the current year.

A number of analysts have recently issued reports on the company. Cleveland Research assumed coverage on salesforce.com in a research report on Wednesday, January 31st. They set a “buy” rating on the stock. Royal Bank of Canada set a $120.00 target price on salesforce.com and gave the stock a “buy” rating in a research report on Monday, January 22nd. Barclays reaffirmed an “overweight” rating and set a $127.00 target price (up from $117.00) on shares of salesforce.com in a research report on Thursday, January 18th. Vetr lowered salesforce.com from a “hold” rating to a “sell” rating and set a $104.56 target price on the stock. in a research report on Tuesday, November 21st. Finally, BMO Capital Markets lifted their target price on salesforce.com from $112.00 to $118.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 22nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and forty-five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $113.62.

In other news, insider Mark J. Hawkins sold 16,844 shares of the business’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $101.75, for a total transaction of $1,713,877.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Marc Benioff sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $113.93, for a total value of $569,650.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 480,579 shares of company stock valued at $51,957,770. 6.20% of the stock is currently owned by insiders.

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salesforce.com Company Profile

Salesforce.com, Inc is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management (CRM). The Company focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies. The Company’s service offerings are configured and integrated with other platforms and enterprise applications.

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

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