Montag & Caldwell LLC grew its position in shares of salesforce.com, inc. (NYSE:CRM) by 32.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 359,784 shares of the CRM provider’s stock after buying an additional 89,098 shares during the quarter. salesforce.com accounts for approximately 2.8% of Montag & Caldwell LLC’s investment portfolio, making the stock its 20th biggest holding. Montag & Caldwell LLC’s holdings in salesforce.com were worth $54,590,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Asset Dedication LLC lifted its position in shares of salesforce.com by 45.3% during the 1st quarter. Asset Dedication LLC now owns 218 shares of the CRM provider’s stock worth $35,000 after buying an additional 68 shares in the last quarter. Arcadia Investment Management Corp MI raised its holdings in shares of salesforce.com by 63.0% in the 1st quarter. Arcadia Investment Management Corp MI now owns 176 shares of the CRM provider’s stock worth $28,000 after purchasing an additional 68 shares during the period. Fagan Associates Inc. raised its holdings in shares of salesforce.com by 1.2% in the 1st quarter. Fagan Associates Inc. now owns 5,760 shares of the CRM provider’s stock worth $912,000 after purchasing an additional 70 shares during the period. Savant Capital LLC raised its holdings in shares of salesforce.com by 2.3% in the 1st quarter. Savant Capital LLC now owns 3,123 shares of the CRM provider’s stock worth $495,000 after purchasing an additional 70 shares during the period. Finally, Allred Capital Management LLC raised its holdings in shares of salesforce.com by 1.6% in the 2nd quarter. Allred Capital Management LLC now owns 4,494 shares of the CRM provider’s stock worth $692,000 after purchasing an additional 71 shares during the period. 82.05% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Chairman Marc Benioff sold 10,000 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $142.17, for a total value of $1,421,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Parker Harris sold 620 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $143.64, for a total transaction of $89,056.80. Following the completion of the transaction, the insider now owns 30,092 shares of the company’s stock, valued at $4,322,414.88. The disclosure for this sale can be found here. Insiders have sold a total of 309,671 shares of company stock valued at $47,578,569 over the last 90 days. Company insiders own 5.50% of the company’s stock.

A number of research firms recently commented on CRM. Bank of America reaffirmed a “buy” rating and issued a $200.00 price target on shares of salesforce.com in a report on Wednesday, June 5th. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $180.00 price target on shares of salesforce.com in a report on Monday, June 3rd. Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $200.00 price target (up previously from $195.00) on shares of salesforce.com in a report on Wednesday, June 5th. Barclays reaffirmed a “buy” rating and issued a $182.00 price target on shares of salesforce.com in a report on Tuesday, June 11th. Finally, Sanford C. Bernstein reaffirmed a “neutral” rating and issued a $169.00 price target on shares of salesforce.com in a report on Tuesday, June 11th. Four equities research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. salesforce.com has a consensus rating of “Buy” and an average price target of $180.00.

Shares of CRM traded up $3.40 during mid-day trading on Thursday, reaching $143.12. 3,869,549 shares of the stock traded hands, compared to its average volume of 7,468,685. The business has a fifty day simple moving average of $152.66. The firm has a market cap of $109.20 billion, a P/E ratio of 98.70, a price-to-earnings-growth ratio of 5.17 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. salesforce.com, inc. has a 1 year low of $113.60 and a 1 year high of $167.56.

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

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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