Public Employees Retirement System of Ohio lifted its holdings in salesforce.com, inc. (NYSE:CRM) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 474,962 shares of the CRM provider’s stock after buying an additional 4,995 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in salesforce.com were worth $48,555,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of CRM. Ark Investment Management LLC boosted its position in 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. boosted its position in 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 boosted its position in 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 salesforce.com during the second quarter worth $257,000. Finally, WFG Advisors LP boosted its position in 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. Hedge funds and other institutional investors own 85.33% of the company’s stock.

A number of analysts have commented on the company. Guggenheim reiterated a “buy” rating and set a $128.00 target price on shares of salesforce.com in a research report on Thursday, January 11th. Cleveland Research assumed coverage on salesforce.com in a research report on Wednesday, January 31st. They set a “buy” rating on the stock. BTIG Research boosted their target price on salesforce.com to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Stifel Nicolaus boosted their target price on salesforce.com from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Finally, Cowen reiterated a “buy” rating and set a $118.00 target price on shares of salesforce.com in a research report on Tuesday, November 21st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and forty-five have given a buy rating to the company’s stock. salesforce.com presently has an average rating of “Buy” and an average price target of $113.62.

salesforce.com, inc. (CRM) opened at $107.69 on Wednesday. The company has a market capitalization of $78,405.67, a price-to-earnings ratio of 10,769.00, a P/E/G ratio of 6.01 and a beta of 1.32. salesforce.com, inc. has a 12 month low of $80.25 and a 12 month high of $114.52. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.82 and a quick ratio of 0.82.

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

In other salesforce.com news, Chairman Marc Benioff sold 5,000 shares of the company’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $113.93, for a total transaction of $569,650.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Mark J. Hawkins sold 16,844 shares of the company’s stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $101.75, for a total value of $1,713,877.00. The disclosure for this sale can be found here. Insiders sold 474,180 shares of company stock valued at $51,296,513 over the last quarter. Insiders own 6.20% of the company’s stock.

TRADEMARK VIOLATION WARNING: This report was posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The legal version of this report can be viewed at https://theolympiareport.com/2018/02/14/public-employees-retirement-system-of-ohio-has-48-56-million-position-in-salesforce-com-inc-crm.html.

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.

Want to see what other hedge funds are holding CRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for salesforce.com, inc. (NYSE:CRM).

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

Receive News & Ratings for salesforce.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for salesforce.com and related companies with MarketBeat.com's FREE daily email newsletter.