Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in salesforce.com, inc. (NYSE:CRM) by 7.2% in the first quarter, HoldingsChannel.com reports. The fund owned 44,724 shares of the CRM provider’s stock after acquiring an additional 2,990 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in salesforce.com were worth $7,083,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund lifted its position in salesforce.com by 29,364.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,716,594 shares of the CRM provider’s stock valued at $159,000 after purchasing an additional 21,642,889 shares during the last quarter. Norges Bank bought a new stake in salesforce.com during the fourth quarter valued at approximately $938,778,000. Lunia Capital LP bought a new stake in salesforce.com during the fourth quarter valued at approximately $5,811,000. BlackRock Inc. lifted its position in salesforce.com by 9.2% during the fourth quarter. BlackRock Inc. now owns 51,270,156 shares of the CRM provider’s stock valued at $7,022,474,000 after purchasing an additional 4,321,630 shares during the last quarter. Finally, Jennison Associates LLC lifted its position in salesforce.com by 18.3% during the fourth quarter. Jennison Associates LLC now owns 19,671,694 shares of the CRM provider’s stock valued at $2,694,432,000 after purchasing an additional 3,041,293 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

CRM stock opened at $157.64 on Thursday. The company has a market cap of $120.07 billion, a price-to-earnings ratio of 103.85, a price-to-earnings-growth ratio of 5.75 and a beta of 1.37. salesforce.com, inc. has a one year low of $113.60 and a one year high of $167.56. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.20.

salesforce.com (NYSE:CRM) last issued its earnings results on Monday, March 4th. The CRM provider reported $0.37 EPS for the quarter, topping the 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 company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.56 billion. During the same period in the previous year, the firm earned $0.35 earnings per share. On average, analysts anticipate that salesforce.com, inc. will post 1.18 EPS for the current year.

In related news, insider Mark J. Hawkins sold 8,221 shares of salesforce.com stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $160.99, for a total value of $1,323,498.79. Following the transaction, the insider now directly owns 24,278 shares of the company’s stock, valued at $3,908,515.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Craig Conway sold 200 shares of salesforce.com stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $153.00, for a total transaction of $30,600.00. Following the completion of the transaction, the director now directly owns 9,110 shares in the company, valued at $1,393,830. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 454,211 shares of company stock worth $72,522,239. 5.50% of the stock is owned by insiders.

Several equities research analysts have issued reports on the stock. Bank of America reiterated a “buy” rating and set a $200.00 target price on shares of salesforce.com in a research report on Monday. Exane BNP Paribas assumed coverage on shares of salesforce.com in a research report on Friday, March 29th. They set an “outperform” rating for the company. BNP Paribas assumed coverage on shares of salesforce.com in a research report on Friday, March 29th. They set an “outperform” rating for the company. Credit Suisse Group reiterated a “buy” rating and set a $175.00 target price on shares of salesforce.com in a research report on Tuesday, March 5th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and set a $180.00 target price on shares of salesforce.com in a research report on Wednesday, April 17th. Three research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the stock. salesforce.com has an average rating of “Buy” and a consensus price target of $177.82.

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About salesforce.com

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

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