Advisors Asset Management Inc. raised its position in shares of Salesforce.com Inc (NYSE:CRM) by 10.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,881 shares of the CRM provider’s stock after buying an additional 3,018 shares during the quarter. Advisors Asset Management Inc.’s holdings in Salesforce.com were worth $2,978,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Janus Henderson Group PLC increased its holdings in shares of Salesforce.com by 911.7% during the second quarter. Janus Henderson Group PLC now owns 12,759,741 shares of the CRM provider’s stock valued at $1,104,945,000 after acquiring an additional 11,498,509 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of Salesforce.com by 17.0% during the second quarter. Jennison Associates LLC now owns 18,819,812 shares of the CRM provider’s stock valued at $1,629,796,000 after acquiring an additional 2,740,329 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Salesforce.com by 5.2% during the second quarter. Vanguard Group Inc. now owns 46,149,530 shares of the CRM provider’s stock valued at $3,996,548,000 after acquiring an additional 2,268,623 shares in the last quarter. Tybourne Capital Management HK Ltd. increased its holdings in shares of Salesforce.com by 76.5% during the second quarter. Tybourne Capital Management HK Ltd. now owns 4,738,144 shares of the CRM provider’s stock valued at $410,323,000 after acquiring an additional 2,053,200 shares in the last quarter. Finally, Harbour Capital Advisors LLC increased its holdings in shares of Salesforce.com by 8,573.8% during the second quarter. Harbour Capital Advisors LLC now owns 1,358,321 shares of the CRM provider’s stock valued at $15,685,000 after acquiring an additional 1,342,661 shares in the last quarter. 86.39% of the stock is owned by institutional investors and hedge funds.

Salesforce.com Inc (NYSE CRM) opened at $107.15 on Friday. Salesforce.com Inc has a 12-month low of $66.43 and a 12-month high of $109.19. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.77 and a current ratio of 0.82. The firm has a market capitalization of $77,163.31, a PE ratio of 333.84, a PEG ratio of 10.59 and a beta of 1.24.

Salesforce.com (NYSE:CRM) last posted its quarterly earnings data on Tuesday, November 21st. The CRM provider reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.02. Salesforce.com had a return on equity of 2.81% and a net margin of 0.09%. The firm had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.65 billion. During the same period in the previous year, the firm earned $0.24 EPS. The business’s quarterly revenue was up 25.0% on a year-over-year basis. sell-side analysts predict that Salesforce.com Inc will post 0.4 earnings per share for the current year.

In related news, COO Keith Block sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $108.30, for a total value of $1,083,000.00. Following the transaction, the chief operating officer now directly owns 24,154 shares of the company’s stock, valued at approximately $2,615,878.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Alexandre Dayon sold 180,748 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $109.02, for a total value of $19,705,146.96. Following the completion of the transaction, the insider now directly owns 210,823 shares in the company, valued at $22,983,923.46. The disclosure for this sale can be found here. Over the last three months, insiders sold 735,682 shares of company stock worth $74,020,397. 6.20% of the stock is owned by insiders.

Several equities analysts have recently weighed in on CRM shares. Royal Bank Of Canada restated a “buy” rating and set a $102.00 price target on shares of Salesforce.com in a report on Monday, July 31st. BTIG Research restated a “buy” rating and set a $100.00 price target on shares of Salesforce.com in a report on Wednesday, August 23rd. Robert W. Baird restated a “buy” rating and set a $110.00 price target (up from $100.00) on shares of Salesforce.com in a report on Wednesday, August 23rd. Stifel Nicolaus raised their price target on Salesforce.com from $105.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, August 23rd. Finally, KeyCorp restated a “buy” rating and set a $108.00 price target on shares of Salesforce.com in a report on Wednesday, August 23rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and forty-five have issued a buy rating to the stock. Salesforce.com currently has an average rating of “Buy” and a consensus target price of $112.41.

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About Salesforce.com

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

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