Stocks: Flinton Capital Management LLC Has $2.178 Million Position in salesforce.com, inc. (CRM)

Stocks: Flinton Capital Management LLC Has $2.178 Million Position in salesforce.com, inc. (CRM)

Flinton Capital Management LLC raised its stake in shares of salesforce.com, inc. (NYSE:CRM) by 4.3% during the first quarter, Holdings Channel reports. The institutional investor owned 26,400 shares of the CRM provider’s stock after buying an additional 1,088 shares during the period. Flinton Capital Management LLC’s holdings in salesforce.com, inc. were worth $2,178,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. State Street Corp boosted its position in shares of salesforce.com, inc. by 7.0% in the fourth quarter. State Street Corp now owns 26,765,636 shares of the CRM provider’s stock valued at $1,832,372,000 after buying an additional 1,756,272 shares in the last quarter. Jennison Associates LLC boosted its stake in salesforce.com, inc. by 3.2% in the third quarter. Jennison Associates LLC now owns 20,758,784 shares of the CRM provider’s stock valued at $1,480,724,000 after buying an additional 649,445 shares during the period. Janus Capital Management LLC boosted its stake in salesforce.com, inc. by 24.3% in the fourth quarter. Janus Capital Management LLC now owns 8,844,260 shares of the CRM provider’s stock valued at $605,886,000 after buying an additional 1,727,696 shares during the period. Norges Bank purchased a new stake in salesforce.com, inc. during the fourth quarter valued at about $382,802,000. Finally, UBS Asset Management Americas Inc. boosted its stake in salesforce.com, inc. by 0.7% in the third quarter. UBS Asset Management Americas Inc. now owns 4,873,121 shares of the CRM provider’s stock valued at $347,599,000 after buying an additional 33,623 shares during the period. 83.13% of the stock is owned by institutional investors.

salesforce.com, inc. (NYSE:CRM) traded up 1.6067% during trading on Friday, hitting $89.1192. 3,217,506 shares of the stock were exchanged. The stock’s 50-day moving average price is $84.31 and its 200-day moving average price is $78.37. salesforce.com, inc. has a 12-month low of $66.43 and a 12-month high of $89.20. The firm has a market cap of $63.05 billion, a PE ratio of 342.7662 and a beta of 1.42.

salesforce.com, inc. (NYSE:CRM) last posted its quarterly earnings results on Tuesday, February 28th. The CRM provider reported $0.02 EPS for the quarter, missing the consensus estimate of $0.25 by $0.23. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.28 billion. salesforce.com, inc. had a return on equity of 2.40% and a net margin of 2.60%. The business’s revenue for the quarter was up 26.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.19 earnings per share. On average, equities analysts expect that salesforce.com, inc. will post $1.29 EPS for the current year.

CRM has been the subject of several recent analyst reports. Vetr cut shares of salesforce.com, inc. from a “strong-buy” rating to a “buy” rating and set a $93.31 price objective for the company. in a research report on Wednesday, March 1st. Zacks Investment Research cut shares of salesforce.com, inc. from a “buy” rating to a “hold” rating in a research report on Wednesday. Cowen and Company reaffirmed an “outperform” rating and set a $95.00 price objective on shares of salesforce.com, inc. in a research report on Thursday, February 16th. Morgan Stanley reaffirmed an “overweight” rating and set a $107.00 price objective on shares of salesforce.com, inc. in a research report on Wednesday, March 8th. Finally, William Blair reaffirmed an “outperform” rating on shares of salesforce.com, inc. in a research report on Wednesday, February 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and forty-two have assigned a buy rating to the company’s stock. salesforce.com, inc. currently has a consensus rating of “Buy” and an average price target of $94.40.

In other salesforce.com, inc. news, Director Susan Wojcicki acquired 1,224 shares of the business’s stock in a transaction that occurred on Monday, March 6th. The shares were purchased at an average price of $81.68 per share, with a total value of $99,976.32. Following the completion of the transaction, the director now owns 25,554 shares in the company, valued at $2,087,250.72. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Marc Benioff sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $80.88, for a total transaction of $1,617,600.00. Following the transaction, the chairman now directly owns 34,195,300 shares in the company, valued at approximately $2,765,715,864. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 996,828 shares of company stock valued at $82,776,566. 6.70% of the stock is currently owned by corporate insiders.

About salesforce.com, inc.

Salesforce.com, inc. is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management (CRM). The Company focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies. The Company’s service offerings are configured and integrated with other platforms and enterprise applications.

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