Kistler Tiffany Companies LLC boosted its holdings in salesforce.com, inc. (NYSE:CRM) by 17.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,749 shares of the CRM provider’s stock after buying an additional 547 shares during the period. Kistler Tiffany Companies LLC’s holdings in salesforce.com were worth $610,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in CRM. Nuveen Asset Management LLC grew its stake in salesforce.com by 36,379.9% in the 2nd quarter. Nuveen Asset Management LLC now owns 12,648,680 shares of the CRM provider’s stock valued at $1,919,183,000 after buying an additional 12,614,007 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in salesforce.com by 13.5% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 33,910,865 shares of the CRM provider’s stock valued at $5,145,296,000 after buying an additional 4,046,077 shares in the last quarter. State Street Corp grew its stake in salesforce.com by 12.1% in the 3rd quarter. State Street Corp now owns 34,667,028 shares of the CRM provider’s stock valued at $5,145,974,000 after buying an additional 3,749,613 shares in the last quarter. Viking Global Investors LP purchased a new position in salesforce.com in the 2nd quarter valued at approximately $443,415,000. Finally, BlackRock Inc. grew its stake in salesforce.com by 4.7% in the 2nd quarter. BlackRock Inc. now owns 56,165,345 shares of the CRM provider’s stock valued at $8,521,967,000 after buying an additional 2,499,996 shares in the last quarter. Institutional investors and hedge funds own 80.42% of the company’s stock.

NYSE:CRM traded down $1.73 during midday trading on Tuesday, hitting $182.12. The company had a trading volume of 4,341,490 shares, compared to its average volume of 6,024,278. salesforce.com, inc. has a 52-week low of $137.87 and a 52-week high of $184.45. The stock’s fifty day moving average price is $164.71 and its 200-day moving average price is $155.70. The company has a market capitalization of $159.84 billion, a PE ratio of 125.60, a P/E/G ratio of 7.52 and a beta of 1.22. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.16.

salesforce.com (NYSE:CRM) last announced its earnings results on Tuesday, December 3rd. The CRM provider reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.09. salesforce.com had a net margin of 4.64% and a return on equity of 5.37%. The company had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.45 billion. During the same period in the previous year, the business earned $0.61 earnings per share. The firm’s quarterly revenue was up 33.0% compared to the same quarter last year. As a group, research analysts forecast that salesforce.com, inc. will post 1.28 earnings per share for the current year.

CRM has been the subject of a number of recent research reports. Northland Securities reiterated a “buy” rating and issued a $185.00 price objective on shares of salesforce.com in a research note on Wednesday, December 4th. Oppenheimer reiterated a “buy” rating and issued a $190.00 price objective on shares of salesforce.com in a research note on Wednesday, December 4th. SunTrust Banks reiterated a “buy” rating and issued a $195.00 price objective on shares of salesforce.com in a research note on Wednesday, December 4th. Piper Jaffray Companies assumed coverage on shares of salesforce.com in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $190.00 price objective for the company. Finally, Goldman Sachs Group restated a “buy” rating and set a $191.00 price target on shares of salesforce.com in a research report on Wednesday, December 4th. Five equities research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. salesforce.com currently has an average rating of “Buy” and an average price target of $192.80.

In other salesforce.com news, insider Parker Harris sold 620 shares of the business’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $143.68, for a total value of $89,081.60. Following the completion of the sale, the insider now directly owns 32,034 shares of the company’s stock, valued at $4,602,645.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Marc Benioff sold 5,000 shares of the business’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $147.10, for a total transaction of $735,500.00. The disclosure for this sale can be found here. Insiders sold 395,741 shares of company stock valued at $63,928,887 over the last quarter. 5.50% of the stock is owned by company insiders.

salesforce.com Company Profile

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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