Public Employees Retirement Association of Colorado boosted its stake in salesforce.com, inc. (NYSE:CRM) by 19.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 690,476 shares of the CRM provider’s stock after acquiring an additional 113,558 shares during the period. Public Employees Retirement Association of Colorado’s holdings in salesforce.com were worth $104,766,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Comerica Securities Inc. lifted its position in salesforce.com by 10.6% during the fourth quarter. Comerica Securities Inc. now owns 1,704 shares of the CRM provider’s stock valued at $233,000 after buying an additional 163 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of salesforce.com by 9.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 915,894 shares of the CRM provider’s stock valued at $125,446,000 after acquiring an additional 75,502 shares in the last quarter. 9258 Wealth Management LLC bought a new position in shares of salesforce.com during the first quarter valued at $219,000. First Manhattan Co. increased its holdings in shares of salesforce.com by 14.7% during the first quarter. First Manhattan Co. now owns 1,256 shares of the CRM provider’s stock valued at $198,000 after acquiring an additional 161 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its holdings in shares of salesforce.com by 0.7% during the first quarter. Louisiana State Employees Retirement System now owns 40,400 shares of the CRM provider’s stock valued at $6,398,000 after acquiring an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 82.05% of the company’s stock.

Several equities analysts have recently weighed in on CRM shares. UBS Group set a $190.00 price target on salesforce.com and gave the company a “buy” rating in a report on Tuesday, June 11th. Royal Bank of Canada restated a “buy” rating and set a $181.00 price target on shares of salesforce.com in a report on Monday, June 17th. Evercore ISI set a $190.00 price target on salesforce.com and gave the company a “buy” rating in a report on Wednesday, August 7th. Sanford C. Bernstein restated a “neutral” rating and set a $169.00 price target on shares of salesforce.com in a report on Tuesday, June 11th. Finally, Monness Crespi & Hardt restated a “buy” rating and set a $200.00 price target (up from $195.00) on shares of salesforce.com in a report on Wednesday, June 5th. Four research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and one has assigned a strong buy rating to the company. salesforce.com currently has a consensus rating of “Buy” and a consensus price target of $180.00.

NYSE:CRM traded up $3.23 on Tuesday, hitting $143.95. The stock had a trading volume of 2,976,596 shares, compared to its average volume of 7,430,983. The stock has a market cap of $111.26 billion, a PE ratio of 99.28, a price-to-earnings-growth ratio of 5.27 and a beta of 1.27. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.34. The business has a 50-day moving average price of $153.07. salesforce.com, inc. has a 52-week low of $113.60 and a 52-week high of $167.56.

salesforce.com (NYSE:CRM) last announced its earnings results on Tuesday, June 4th. The CRM provider reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.32. The business had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.68 billion. salesforce.com had a return on equity of 8.18% and a net margin of 8.26%. The business’s revenue for the quarter was up 24.3% on a year-over-year basis. During the same period last year, the firm posted $0.74 earnings per share. Equities analysts forecast that salesforce.com, inc. will post 1.25 EPS for the current fiscal year.

In other salesforce.com news, CEO Keith Block sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $153.00, for a total value of $382,500.00. Following the transaction, the chief executive officer now directly owns 30,002 shares of the company’s stock, valued at $4,590,306. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Marc Benioff sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $142.17, for a total value of $1,421,700.00. The disclosure for this sale can be found here. Insiders sold 329,007 shares of company stock worth $50,574,177 over the last three months. Insiders own 5.50% of the company’s stock.

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

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