Aft Forsyth & Company Inc. Increases Holdings in salesforce.com, inc. (CRM)
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.
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.
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.
Featured Article: Asset Allocation, Balancing Your Investments
Want to see what other hedge funds are holding CRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for salesforce.com, inc. (NYSE:CRM).
Receive News & Ratings for salesforce.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for salesforce.com and related companies with MarketBeat.com's FREE daily email newsletter.