Keel Point LLC bought a new position in shares of Salesforce.com Inc (NYSE:CRM) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,242 shares of the CRM provider’s stock, valued at approximately $209,000.

Several other hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp lifted its position in shares of Salesforce.com by 2.2% during the third quarter. Van ECK Associates Corp now owns 354,368 shares of the CRM provider’s stock worth $33,105,000 after purchasing an additional 7,615 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of Salesforce.com by 14.5% during the third quarter. Oppenheimer & Co. Inc. now owns 39,391 shares of the CRM provider’s stock worth $3,680,000 after purchasing an additional 4,975 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its position in shares of Salesforce.com by 204.3% during the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,400 shares of the CRM provider’s stock worth $131,000 after purchasing an additional 940 shares in the last quarter. Mogy Joel R Investment Counsel Inc. lifted its position in shares of Salesforce.com by 3.9% during the third quarter. Mogy Joel R Investment Counsel Inc. now owns 185,606 shares of the CRM provider’s stock worth $17,339,000 after purchasing an additional 6,995 shares in the last quarter. Finally, Norinchukin Bank The lifted its position in shares of Salesforce.com by 9.5% during the third quarter. Norinchukin Bank The now owns 50,819 shares of the CRM provider’s stock worth $4,748,000 after purchasing an additional 4,417 shares in the last quarter. Institutional investors own 86.39% of the company’s stock.

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Shares of Salesforce.com Inc (NYSE CRM) traded down $1.97 on Thursday, reaching $106.83. 9,003,551 shares of the company traded hands, compared to its average volume of 4,415,381. Salesforce.com Inc has a fifty-two week low of $66.43 and a fifty-two week high of $109.19. The firm has a market capitalization of $78,194.56, a PE ratio of 340.00, a price-to-earnings-growth ratio of 10.79 and a beta of 1.24. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.77 and a quick ratio of 0.77.

Salesforce.com (NYSE:CRM) last announced its earnings results on Tuesday, November 21st. The CRM provider reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.02. The business had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.65 billion. Salesforce.com had a net margin of 0.09% and a return on equity of 2.88%. The firm’s revenue was up 25.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.24 earnings per share. equities research analysts predict that Salesforce.com Inc will post 0.4 EPS for the current year.

A number of equities research analysts recently weighed in on CRM shares. Stephens reissued an “overweight” rating and set a $107.00 price target (up from $100.00) on shares of Salesforce.com in a research note on Thursday, August 31st. JMP Securities raised shares of Salesforce.com to a “positive” rating in a research note on Friday, October 6th. Northland Securities reissued a “buy” rating and set a $105.00 price target on shares of Salesforce.com in a research note on Sunday, September 10th. Royal Bank Of Canada reissued a “buy” rating on shares of Salesforce.com in a research note on Thursday, November 9th. Finally, BMO Capital Markets boosted their price target on shares of Salesforce.com from $105.00 to $112.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. Three analysts have rated the stock with a sell rating, six have given a hold rating and forty-five have given a buy rating to the company’s stock. Salesforce.com presently has an average rating of “Buy” and a consensus target price of $112.41.

In other Salesforce.com news, COO Keith Block sold 10,000 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $108.30, for a total value of $1,083,000.00. Following the completion of the sale, the chief operating officer now owns 24,154 shares in the company, valued at $2,615,878.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Alexandre Dayon sold 124,331 shares of the stock in a transaction on Friday, October 20th. The shares were sold at an average price of $99.00, for a total transaction of $12,308,769.00. Following the completion of the sale, the insider now owns 154,406 shares of the company’s stock, valued at approximately $15,286,194. The disclosure for this sale can be found here. In the last quarter, insiders sold 735,682 shares of company stock valued at $74,020,397. Corporate insiders own 6.20% of the company’s stock.

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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