Westpac Banking Corp increased its position in salesforce.com, inc. (NYSE:CRM) by 5.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 236,398 shares of the CRM provider’s stock after buying an additional 13,149 shares during the quarter. Westpac Banking Corp’s holdings in salesforce.com were worth $35,869,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in CRM. FMR LLC increased its holdings in salesforce.com by 0.8% during the first quarter. FMR LLC now owns 89,716,274 shares of the CRM provider’s stock worth $14,208,366,000 after buying an additional 698,321 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of salesforce.com by 4.7% in the first quarter. BlackRock Inc. now owns 53,665,349 shares of the CRM provider’s stock worth $8,498,982,000 after acquiring an additional 2,395,193 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of salesforce.com by 1.2% in the first quarter. Jennison Associates LLC now owns 19,902,070 shares of the CRM provider’s stock worth $3,151,891,000 after acquiring an additional 230,376 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of salesforce.com by 12.9% in the second quarter. Janus Henderson Group PLC now owns 13,247,900 shares of the CRM provider’s stock worth $2,009,810,000 after acquiring an additional 1,516,132 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of salesforce.com by 1.3% in the first quarter. Northern Trust Corp now owns 10,683,259 shares of the CRM provider’s stock worth $1,691,907,000 after acquiring an additional 140,368 shares during the last quarter. 82.05% of the stock is owned by institutional investors.

In related news, Chairman Marc Benioff sold 10,000 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $142.17, for a total value of $1,421,700.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Parker Harris sold 620 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $156.09, for a total value of $96,775.80. Following the completion of the transaction, the insider now owns 30,281 shares in the company, valued at $4,726,561.29. The disclosure for this sale can be found here. Over the last quarter, insiders sold 329,007 shares of company stock worth $50,574,177. 5.50% of the stock is owned by company insiders.

Shares of CRM stock traded up $3.36 during trading hours on Tuesday, hitting $144.08. 3,878,699 shares of the company were exchanged, compared to its average volume of 7,430,983. The stock has a market capitalization of $111.26 billion, a price-to-earnings ratio of 99.37, a P/E/G ratio of 5.27 and a beta of 1.27. salesforce.com, inc. has a fifty-two week low of $113.60 and a fifty-two week high of $167.56. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.96 and a current ratio of 0.96. The company’s 50 day simple moving average is $153.07.

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

A number of research analysts have recently commented on the stock. Monness Crespi & Hardt reissued a “buy” rating and issued a $200.00 target price (up previously from $195.00) on shares of salesforce.com in a report on Wednesday, June 5th. Bank of America reaffirmed a “buy” rating and issued a $200.00 price objective on shares of salesforce.com in a research note on Wednesday, June 5th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $181.00 price objective on shares of salesforce.com in a research note on Monday, June 17th. UBS Group set a $190.00 price objective on salesforce.com and gave the company a “buy” rating in a research note on Tuesday, June 11th. Finally, SunTrust Banks upped their price objective on salesforce.com to $189.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th. Four equities research analysts have rated the stock with a hold rating, thirty-seven have given 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.

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

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