First Trust Advisors LP grew its stake in salesforce.com, inc. (NYSE:CRM) by 11.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,383,911 shares of the CRM provider’s stock after buying an additional 345,199 shares during the quarter. salesforce.com makes up 0.8% of First Trust Advisors LP’s portfolio, making the stock its 12th biggest holding. First Trust Advisors LP’s holdings in salesforce.com were worth $345,937,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of CRM. Ark Investment Management LLC grew its position in shares of salesforce.com by 38.3% during the second quarter. Ark Investment Management LLC now owns 111,279 shares of the CRM provider’s stock worth $9,637,000 after purchasing an additional 30,792 shares in the last quarter. Ameritas Investment Partners Inc. grew its position in shares of salesforce.com by 0.6% during the second quarter. Ameritas Investment Partners Inc. now owns 15,158 shares of the CRM provider’s stock worth $1,313,000 after purchasing an additional 93 shares in the last quarter. Dynamic Technology Lab Private Ltd grew its position in shares of salesforce.com by 64.1% during the second quarter. Dynamic Technology Lab Private Ltd now owns 6,400 shares of the CRM provider’s stock worth $554,000 after purchasing an additional 2,500 shares in the last quarter. Cetera Investment Advisers purchased a new stake in shares of salesforce.com during the second quarter worth about $257,000. Finally, WFG Advisors LP grew its position in shares of salesforce.com by 130.2% during the second quarter. WFG Advisors LP now owns 1,837 shares of the CRM provider’s stock worth $159,000 after purchasing an additional 1,039 shares in the last quarter. Institutional investors and hedge funds own 85.33% of the company’s stock.

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

In other news, insider Alexandre Dayon sold 180,748 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $109.02, for a total value of $19,705,146.96. Following the completion of the sale, the insider now directly owns 210,823 shares in the company, valued at $22,983,923.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Joe Allanson sold 622 shares of the company’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $106.77, for a total value of $66,410.94. Following the completion of the sale, the chief accounting officer now owns 29,062 shares of the company’s stock, valued at $3,102,949.74. The disclosure for this sale can be found here. In the last three months, insiders sold 474,180 shares of company stock valued at $51,296,513. Insiders own 6.20% of the company’s stock.

Shares of salesforce.com, inc. (CRM) opened at $107.69 on Wednesday. salesforce.com, inc. has a 52-week low of $80.25 and a 52-week high of $114.52. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market capitalization of $78,405.67, a PE ratio of 10,769.00, a price-to-earnings-growth ratio of 6.01 and a beta of 1.32.

salesforce.com (NYSE:CRM) last issued its quarterly earnings data on Tuesday, November 21st. The CRM provider reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. The business 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%. The company’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.24 EPS. equities analysts forecast that salesforce.com, inc. will post 0.43 earnings per share for the current year.

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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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