IFM Investors Pty Ltd grew its stake in shares of salesforce.com, inc. (NYSE:CRM) by 20.1% during the third quarter, Holdings Channel reports. The institutional investor owned 74,136 shares of the CRM provider’s stock after buying an additional 12,409 shares during the period. salesforce.com comprises 0.8% of IFM Investors Pty Ltd’s holdings, making the stock its 19th biggest position. IFM Investors Pty Ltd’s holdings in salesforce.com were worth $18,632,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in salesforce.com by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 71,232,417 shares of the CRM provider’s stock worth $13,343,968,000 after purchasing an additional 1,349,434 shares in the last quarter. BlackRock Inc. lifted its holdings in salesforce.com by 1.6% in the 2nd quarter. BlackRock Inc. now owns 64,796,146 shares of the CRM provider’s stock worth $12,138,263,000 after purchasing an additional 1,042,078 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in salesforce.com by 5.8% in the 2nd quarter. Fisher Asset Management LLC now owns 11,506,350 shares of the CRM provider’s stock worth $2,155,485,000 after purchasing an additional 632,852 shares in the last quarter. Morgan Stanley lifted its holdings in salesforce.com by 2.6% in the 1st quarter. Morgan Stanley now owns 10,834,351 shares of the CRM provider’s stock worth $1,559,929,000 after purchasing an additional 278,879 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in salesforce.com by 5.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 9,021,779 shares of the CRM provider’s stock worth $1,690,050,000 after purchasing an additional 497,240 shares in the last quarter. 81.40% of the stock is currently owned by institutional investors.

salesforce.com stock traded up $0.83 during mid-day trading on Friday, hitting $258.55. The company’s stock had a trading volume of 3,098,043 shares, compared to its average volume of 7,123,797. salesforce.com, inc. has a one year low of $115.29 and a one year high of $284.50. The stock has a market cap of $235.28 billion, a PE ratio of 101.00, a P/E/G ratio of 7.78 and a beta of 1.27. The company has a 50 day moving average of $254.10 and a 200-day moving average of $197.75. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.15 and a current ratio of 1.15.

salesforce.com (NYSE:CRM) last issued its earnings results on Tuesday, August 25th. The CRM provider reported $1.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.77. salesforce.com had a return on equity of 3.99% and a net margin of 12.21%. The business had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $4.90 billion. During the same period in the prior year, the business earned $0.66 EPS. The business’s revenue for the quarter was up 28.9% compared to the same quarter last year. On average, equities research analysts forecast that salesforce.com, inc. will post 1.91 EPS for the current fiscal year.

Several analysts have recently issued reports on CRM shares. Royal Bank of Canada upped their price objective on salesforce.com from $220.00 to $275.00 and gave the stock an “outperform” rating in a report on Wednesday, August 26th. Morgan Stanley upped their price objective on salesforce.com from $195.00 to $275.00 and gave the stock an “overweight” rating in a report on Wednesday, August 26th. Cowen upped their price objective on salesforce.com from $210.00 to $270.00 and gave the stock an “outperform” rating in a report on Wednesday, August 26th. Wedbush upped their price objective on salesforce.com from $250.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, August 26th. Finally, Bank of America set a $280.00 price objective on salesforce.com and gave the stock a “buy” rating in a report on Tuesday, September 1st. Two research analysts have rated the stock with a sell rating, four have given a hold rating, thirty-three have assigned a buy rating and three have assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $246.31.

In other salesforce.com news, CAO Joe Allanson sold 238 shares of the company’s stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $242.78, for a total value of $57,781.64. Following the completion of the sale, the chief accounting officer now directly owns 31,439 shares in the company, valued at approximately $7,632,760.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Marc Benioff sold 15,000 shares of the company’s stock in a transaction on Monday, July 20th. The stock was sold at an average price of $192.91, for a total value of $2,893,650.00. Following the sale, the chief executive officer now owns 30,003,800 shares of the company’s stock, valued at $5,788,033,058. The disclosure for this sale can be found here. Insiders sold a total of 731,193 shares of company stock valued at $167,388,606 over the last quarter. Company insiders own 4.40% of the company’s stock.

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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