Aft Forsyth & Company Inc. raised its position in salesforce.com, inc. (NYSE:CRM) by 4.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 12,330 shares of the CRM provider’s stock after purchasing an additional 530 shares during the period. salesforce.com accounts for approximately 1.7% of Aft Forsyth & Company Inc.’s portfolio, making the stock its 13th biggest holding. Aft Forsyth & Company Inc.’s holdings in salesforce.com were worth $1,689,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of salesforce.com during the 4th quarter worth $28,000. Intercontinental Wealth Advisors LLC purchased a new position in shares of salesforce.com during the 4th quarter worth $36,000. Certified Advisory Corp raised its holdings in shares of salesforce.com by 52.4% during the 4th quarter. Certified Advisory Corp now owns 291 shares of the CRM provider’s stock worth $40,000 after acquiring an additional 100 shares during the period. Ruggie Capital Group purchased a new position in shares of salesforce.com during the 4th quarter worth $45,000. Finally, Sterling Investment Advisors Ltd. purchased a new position in shares of salesforce.com during the 4th quarter worth $54,000. Institutional investors own 85.17% of the company’s stock.

In other news, CAO Joe Allanson sold 323 shares of the business’s stock in a transaction dated Friday, November 23rd. The stock was sold at an average price of $122.60, for a total transaction of $39,599.80. Following the completion of the transaction, the chief accounting officer now directly owns 30,619 shares of the company’s stock, valued at $3,753,889.40. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Parker Harris sold 5,711 shares of the business’s stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $162.35, for a total value of $927,180.85. Following the transaction, the insider now directly owns 29,974 shares of the company’s stock, valued at $4,866,278.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 521,985 shares of company stock valued at $72,639,949. 6.00% of the stock is currently owned by corporate insiders.

Several brokerages recently issued reports on CRM. Zacks Investment Research restated a “hold” rating on shares of salesforce.com in a report on Monday, November 12th. Robert W. Baird reduced their price objective on shares of salesforce.com from $180.00 to $165.00 and set an “outperform” rating on the stock in a report on Wednesday, November 28th. Sanford C. Bernstein restated a “neutral” rating and issued a $149.00 price objective on shares of salesforce.com in a report on Wednesday, November 28th. JPMorgan Chase & Co. restated a “buy” rating and issued a $160.00 price objective on shares of salesforce.com in a report on Wednesday, November 28th. Finally, Wedbush boosted their price objective on shares of salesforce.com from $160.00 to $166.00 in a report on Sunday, December 2nd. Three analysts have rated the stock with a hold rating, thirty-six have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $170.38.

NYSE CRM opened at $160.40 on Thursday. The stock has a market capitalization of $122.33 billion, a price-to-earnings ratio of 356.44, a PEG ratio of 5.08 and a beta of 1.37. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.86 and a quick ratio of 0.86. salesforce.com, inc. has a 1-year low of $106.73 and a 1-year high of $163.57.

salesforce.com (NYSE:CRM) last released its earnings results on Tuesday, November 27th. The CRM provider reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.11. The company had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.37 billion. salesforce.com had a return on equity of 8.06% and a net margin of 6.51%. salesforce.com’s revenue was up 25.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.39 EPS. On average, sell-side analysts forecast that salesforce.com, inc. will post 1.32 earnings per share for the current fiscal year.

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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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