American Century Companies Inc. Has $354.90 Million Holdings in Salesforce.com Inc (CRM)
American Century Companies Inc. trimmed its position in shares of Salesforce.com Inc (NYSE:CRM) by 0.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,799,011 shares of the CRM provider’s stock after selling 22,166 shares during the period. American Century Companies Inc. owned 0.53% of Salesforce.com worth $354,904,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the business. Thompson Davis & CO. Inc. boosted its stake in Salesforce.com by 0.6% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 3,163 shares of the CRM provider’s stock valued at $274,000 after purchasing an additional 18 shares during the period. First Personal Financial Services raised its position in shares of Salesforce.com by 1.6% during the 2nd quarter. First Personal Financial Services now owns 1,636 shares of the CRM provider’s stock worth $142,000 after buying an additional 25 shares in the last quarter. Appropriate Balance Financial Services Inc. raised its position in shares of Salesforce.com by 6.9% during the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 513 shares of the CRM provider’s stock worth $5,928,000 after buying an additional 33 shares in the last quarter. Boston Private Wealth LLC raised its position in shares of Salesforce.com by 0.3% during the 2nd quarter. Boston Private Wealth LLC now owns 12,607 shares of the CRM provider’s stock worth $1,092,000 after buying an additional 38 shares in the last quarter. Finally, Boltwood Capital Management raised its position in shares of Salesforce.com by 0.4% during the 2nd quarter. Boltwood Capital Management now owns 13,655 shares of the CRM provider’s stock worth $1,182,000 after buying an additional 60 shares in the last quarter. 86.15% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Parker Harris sold 8,026 shares of the stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $102.13, for a total value of $819,695.38. Following the sale, the insider now directly owns 19,261 shares in the company, valued at approximately $1,967,125.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Keith Block sold 10,000 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $102.17, for a total transaction of $1,021,700.00. Following the completion of the sale, the insider now owns 24,154 shares in the company, valued at $2,467,814.18. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 514,173 shares of company stock worth $49,679,996. Corporate insiders own 6.20% of the company’s stock.
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Salesforce.com Inc (NYSE CRM) traded down $0.73 during trading on Monday, reaching $101.98. 1,485,630 shares of the company’s stock were exchanged, compared to its average volume of 3,268,530. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.08. Salesforce.com Inc has a 52 week low of $66.43 and a 52 week high of $103.92. The firm has a market cap of $73,817.68, a P/E ratio of 513.55, a PEG ratio of 9.79 and a beta of 1.24.
Salesforce.com (NYSE:CRM) last released its earnings results on Tuesday, August 22nd. The CRM provider reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.24. Salesforce.com had a negative net margin of 0.85% and a positive return on equity of 1.83%. The company had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the prior year, the company posted $0.24 EPS. The company’s revenue was up 25.7% compared to the same quarter last year. research analysts expect that Salesforce.com Inc will post 0.4 earnings per share for the current fiscal year.
A number of analysts have commented 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 research report on Monday, July 31st. Vetr downgraded shares of Salesforce.com from a “strong-buy” rating to a “buy” rating and set a $97.77 price target on the stock. in a research report on Tuesday, July 11th. Stifel Nicolaus boosted their price target on shares of Salesforce.com from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. KeyCorp restated a “buy” rating and set a $108.00 price target on shares of Salesforce.com in a research report on Wednesday, August 23rd. Finally, BidaskClub upgraded shares of Salesforce.com from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and forty-six have issued a buy rating to the company’s stock. Salesforce.com presently has an average rating of “Buy” and a consensus target price of $104.25.
Salesforce.com Company Profile
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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