Exxonmobil Investment Management Inc. TX lowered its holdings in salesforce.com, inc. (NYSE:CRM) by 12.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 109,106 shares of the CRM provider’s stock after selling 15,577 shares during the quarter. Exxonmobil Investment Management Inc. TX’s holdings in salesforce.com were worth $11,154,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of salesforce.com by 5.2% in 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 purchasing an additional 2,268,623 shares during the period. Janus Henderson Group PLC raised its position in shares of salesforce.com by 5.3% in the third quarter. Janus Henderson Group PLC now owns 13,435,212 shares of the CRM provider’s stock valued at $1,255,082,000 after purchasing an additional 675,471 shares during the period. TIAA CREF Investment Management LLC raised its position in shares of salesforce.com by 6.8% in the second quarter. TIAA CREF Investment Management LLC now owns 9,344,787 shares of the CRM provider’s stock valued at $809,259,000 after purchasing an additional 592,409 shares during the period. Winslow Capital Management LLC raised its position in shares of salesforce.com by 12.0% in the second quarter. Winslow Capital Management LLC now owns 6,266,919 shares of the CRM provider’s stock valued at $542,715,000 after purchasing an additional 670,197 shares during the period. Finally, Tybourne Capital Management HK Ltd. raised its position in shares of salesforce.com by 76.5% in 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 purchasing an additional 2,053,200 shares during the period. 85.57% of the stock is currently owned by institutional investors.

Several analysts have recently issued reports on the stock. Vetr lowered shares of salesforce.com from a “buy” rating to a “hold” rating and set a $111.23 price target on the stock. in a research report on Monday. Raymond James Financial reissued a “buy” rating and issued a $125.00 price target on shares of salesforce.com in a research report on Wednesday, November 22nd. Needham & Company LLC reissued a “hold” rating on shares of salesforce.com in a research report on Wednesday, November 22nd. Goldman Sachs Group set a $122.00 price target on shares of salesforce.com and gave the company a “buy” rating in a research report on Thursday, November 23rd. Finally, Cowen reissued a “buy” rating and issued a $118.00 price target on shares of salesforce.com in a research report on Tuesday, November 21st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and forty-three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $112.60.

salesforce.com, inc. (CRM) traded down $0.33 during mid-day trading on Tuesday, reaching $108.53. 1,252,403 shares of the company’s stock were exchanged, compared to its average volume of 3,879,980. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.08. salesforce.com, inc. has a fifty-two week low of $73.44 and a fifty-two week high of $109.19. The stock has a market cap of $78,380.00, a PE ratio of 10,853.38, a PEG ratio of 10.09 and a beta of 1.24.

salesforce.com (NYSE:CRM) last released its quarterly earnings results on Tuesday, November 21st. The CRM provider reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.02. salesforce.com had a net margin of 0.09% and a return on equity of 2.81%. The business had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter in the previous year, the company earned $0.24 EPS. The business’s quarterly revenue was up 25.0% compared to the same quarter last year. sell-side analysts forecast that salesforce.com, inc. will post 0.43 earnings per share for the current fiscal year.

In other news, insider Alexandre Dayon sold 180,748 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $109.02, for a total value of $19,705,146.96. Following the completion of the sale, the insider now owns 210,823 shares of the company’s stock, valued at approximately $22,983,923.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Maria Martinez sold 940 shares of the company’s stock in a transaction on Saturday, December 29th. The shares were sold at an average price of $102.61, for a total transaction of $96,453.40. Following the completion of the sale, the insider now directly owns 17,929 shares of the company’s stock, valued at approximately $1,839,694.69. The disclosure for this sale can be found here. In the last three months, insiders sold 626,808 shares of company stock valued at $65,138,823. Corporate insiders own 6.20% of the company’s stock.

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

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