New Mexico Educational Retirement Board Acquires 3,500 Shares of salesforce.com, inc. (CRM)
New Mexico Educational Retirement Board increased its holdings in salesforce.com, inc. (NYSE:CRM) by 5.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,636 shares of the CRM provider’s stock after buying an additional 3,500 shares during the period. New Mexico Educational Retirement Board’s holdings in salesforce.com were worth $6,710,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the stock. Bessemer Group Inc. raised its stake in salesforce.com by 196.4% in the 4th quarter. Bessemer Group Inc. now owns 1,150 shares of the CRM provider’s stock valued at $118,000 after purchasing an additional 762 shares during the last quarter. First Mercantile Trust Co. acquired a new position in salesforce.com in the 4th quarter valued at about $123,000. Cerebellum GP LLC acquired a new position in salesforce.com in the 4th quarter valued at about $125,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in salesforce.com by 204.3% in the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,400 shares of the CRM provider’s stock valued at $131,000 after purchasing an additional 940 shares during the last quarter. Finally, WFG Advisors LP raised its stake in salesforce.com by 130.2% in the 2nd quarter. WFG Advisors LP now owns 1,837 shares of the CRM provider’s stock valued at $159,000 after purchasing an additional 1,039 shares during the last quarter. Institutional investors and hedge funds own 85.33% of the company’s stock.
Several brokerages recently weighed in on CRM. Vetr raised shares of salesforce.com from a “hold” rating to a “buy” rating and set a $113.54 target price for the company in a research note on Monday. UBS Group set a $135.00 target price on shares of salesforce.com and gave the company a “buy” rating in a research note on Tuesday, February 6th. Guggenheim reissued a “buy” rating and issued a $128.00 target price on shares of salesforce.com in a research note on Thursday, January 11th. Goldman Sachs Group set a $110.00 price objective on shares of salesforce.com and gave the company a “buy” rating in a research note on Wednesday, November 8th. Finally, Cleveland Research started coverage on shares of salesforce.com in a research note on Wednesday, January 31st. They set a “buy” rating for the company. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and forty-five have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $113.62.
salesforce.com (NYSE:CRM) last released its quarterly earnings results on Tuesday, November 21st. The CRM provider reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.02. The firm had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.65 billion. salesforce.com had a return on equity of 2.81% and a net margin of 0.09%. salesforce.com’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.24 EPS. equities analysts forecast that salesforce.com, inc. will post 0.43 earnings per share for the current year.
In other salesforce.com news, CEO Marc Benioff sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $108.20, for a total value of $541,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Keith Block sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $106.79, for a total value of $1,067,900.00. Following the completion of the transaction, the insider now owns 24,154 shares of the company’s stock, valued at approximately $2,579,405.66. The disclosure for this sale can be found here. In the last 90 days, insiders sold 472,553 shares of company stock valued at $51,120,835. 6.20% of the stock is owned by company insiders.
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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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