Colony Group LLC increased its holdings in salesforce.com, inc. (NYSE:CRM) by 18.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,509 shares of the CRM provider’s stock after buying an additional 717 shares during the period. Colony Group LLC’s holdings in salesforce.com were worth $615,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Heartland Consultants Inc. acquired a new stake in shares of salesforce.com in the second quarter valued at approximately $284,000. Smith Asset Management Group LP acquired a new position in salesforce.com during the second quarter valued at approximately $55,097,000. WMS Partners LLC acquired a new position in salesforce.com during the second quarter valued at approximately $217,000. Synovus Financial Corp raised its position in salesforce.com by 19.8% during the second quarter. Synovus Financial Corp now owns 31,751 shares of the CRM provider’s stock valued at $4,335,000 after purchasing an additional 5,240 shares in the last quarter. Finally, Employees Retirement System of Texas raised its position in salesforce.com by 1.0% during the second quarter. Employees Retirement System of Texas now owns 194,300 shares of the CRM provider’s stock valued at $26,503,000 after purchasing an additional 2,000 shares in the last quarter. Institutional investors own 82.74% of the company’s stock.

Several research analysts have commented on the stock. Barclays boosted their price objective on shares of salesforce.com from $165.00 to $172.00 and gave the company an “overweight” rating in a research report on Friday, September 7th. Zacks Investment Research upgraded shares of salesforce.com from a “hold” rating to a “strong-buy” rating and set a $176.00 price objective for the company in a research report on Wednesday, September 5th. Pivotal Research boosted their price objective on shares of salesforce.com from $120.00 to $140.00 and gave the company a “hold” rating in a research report on Tuesday, September 4th. Argus boosted their price objective on shares of salesforce.com from $141.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, August 31st. Finally, Roth Capital boosted their price objective on shares of salesforce.com from $131.00 to $139.00 and gave the company a “neutral” rating in a research report on Thursday, August 30th. Five equities research analysts have rated the stock with a hold rating, thirty-four have given a buy rating and two have issued a strong buy rating to the stock. salesforce.com presently has a consensus rating of “Buy” and a consensus target price of $159.97.

NYSE CRM opened at $157.49 on Friday. The firm has a market cap of $117.57 billion, a price-to-earnings ratio of 132.79, a P/E/G ratio of 5.11 and a beta of 1.27. salesforce.com, inc. has a fifty-two week low of $92.11 and a fifty-two week high of $158.79. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.23.

salesforce.com (NYSE:CRM) last issued its quarterly earnings data on Wednesday, August 29th. The CRM provider reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.24. salesforce.com had a net margin of 6.45% and a return on equity of 8.27%. The company had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.23 billion. During the same quarter in the previous year, the firm posted $0.33 earnings per share. salesforce.com’s revenue for the quarter was up 27.3% on a year-over-year basis. sell-side analysts predict that salesforce.com, inc. will post 1.22 earnings per share for the current year.

In related news, Director Craig Conway sold 250 shares of the business’s stock in a transaction on Monday, July 16th. The shares were sold at an average price of $147.84, for a total value of $36,960.00. Following the transaction, the director now owns 9,061 shares in the company, valued at $1,339,578.24. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director John Victor Roos sold 176 shares of the business’s stock in a transaction on Thursday, July 12th. The shares were sold at an average price of $145.80, for a total transaction of $25,660.80. Following the completion of the transaction, the director now owns 13,217 shares in the company, valued at approximately $1,927,038.60. The disclosure for this sale can be found here. In the last three months, insiders purchased 18,000 shares of company stock worth $2,584,260 and sold 451,184 shares worth $65,021,825. Insiders own 6.00% of the company’s stock.

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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