Cohen & Steers Inc. lessened its holdings in shares of salesforce.com, inc. (NYSE:CRM) by 40.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 223 shares of the CRM provider’s stock after selling 151 shares during the period. Cohen & Steers Inc.’s holdings in salesforce.com were worth $31,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CRM. Patriot Financial Group Insurance Agency LLC bought a new position in salesforce.com in the 4th quarter worth about $28,000. Semmax Financial Advisors Inc. bought a new position in salesforce.com in the 4th quarter worth about $36,000. Intercontinental Wealth Advisors LLC bought a new position in salesforce.com in the 4th quarter worth about $36,000. Certified Advisory Corp boosted its stake in salesforce.com by 52.4% in the 4th quarter. Certified Advisory Corp now owns 291 shares of the CRM provider’s stock worth $40,000 after purchasing an additional 100 shares in the last quarter. Finally, Doyle Wealth Management bought a new position in salesforce.com in the 4th quarter worth about $41,000. Hedge funds and other institutional investors own 82.84% of the company’s stock.

A number of equities analysts recently issued reports on the stock. Mizuho assumed coverage on shares of salesforce.com in a research note on Wednesday. They issued a “buy” rating and a $185.00 price target on the stock. Zacks Investment Research cut shares of salesforce.com from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. Citigroup upped their price target on shares of salesforce.com from $183.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Canaccord Genuity reiterated a “buy” rating and issued a $175.00 price target (up previously from $165.00) on shares of salesforce.com in a research note on Wednesday, March 6th. Finally, JMP Securities reiterated a “buy” rating and issued a $178.00 price target on shares of salesforce.com in a research note on Wednesday, March 6th. Three analysts have rated the stock with a hold rating, thirty-five have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $177.82.

In other news, insider Srinivas Tallapragada sold 362 shares of the company’s stock in a transaction dated Wednesday, January 23rd. The shares were sold at an average price of $149.15, for a total transaction of $53,992.30. Following the completion of the sale, the insider now owns 1,517 shares of the company’s stock, valued at approximately $226,260.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Marc Benioff sold 157,472 shares of the stock in a transaction that occurred on Wednesday, December 19th. The stock was sold at an average price of $133.21, for a total transaction of $20,976,845.12. Following the completion of the sale, the chairman now directly owns 32,179,928 shares of the company’s stock, valued at $4,286,688,208.88. The disclosure for this sale can be found here. Insiders have sold a total of 548,729 shares of company stock valued at $79,673,057 in the last ninety days. Insiders own 6.00% of the company’s stock.

NYSE CRM opened at $161.51 on Friday. salesforce.com, inc. has a 52 week low of $111.34 and a 52 week high of $166.15. The stock has a market cap of $124.52 billion, a PE ratio of 111.39, a price-to-earnings-growth ratio of 5.26 and a beta of 1.40. The company has a quick ratio of 0.86, a current ratio of 0.95 and a debt-to-equity ratio of 0.20.

salesforce.com (NYSE:CRM) last released its quarterly earnings results on Monday, March 4th. The CRM provider reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.14. salesforce.com had a net margin of 8.36% and a return on equity of 8.42%. The firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.56 billion. During the same quarter in the prior year, the firm earned $0.35 EPS. Sell-side analysts forecast that salesforce.com, inc. will post 1.31 EPS for the current fiscal year.

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salesforce.com Company Profile

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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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)

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