Pacer Advisors Inc. boosted its stake in Salesforce.com Inc (NYSE:CRM) by 2.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,214 shares of the CRM provider’s stock after buying an additional 265 shares during the period. Pacer Advisors Inc.’s holdings in Salesforce.com were worth $1,144,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advisor Partners LLC increased its position in Salesforce.com by 30.0% in the first quarter. Advisor Partners LLC now owns 8,158 shares of the CRM provider’s stock valued at $673,000 after buying an additional 1,884 shares during the last quarter. Ariel Capital Advisors LLC increased its position in Salesforce.com by 7.2% in the first quarter. Ariel Capital Advisors LLC now owns 22,846 shares of the CRM provider’s stock valued at $1,885,000 after buying an additional 1,537 shares during the last quarter. Canada Pension Plan Investment Board increased its position in Salesforce.com by 80.6% in the first quarter. Canada Pension Plan Investment Board now owns 948,710 shares of the CRM provider’s stock valued at $78,259,000 after buying an additional 423,276 shares during the last quarter. Adams Diversified Equity Fund Inc. purchased a new position in Salesforce.com during the first quarter valued at $16,514,000. Finally, Linscomb & Williams Inc. increased its position in Salesforce.com by 7.6% in the first quarter. Linscomb & Williams Inc. now owns 4,083 shares of the CRM provider’s stock valued at $337,000 after buying an additional 290 shares during the last quarter. Institutional investors own 86.98% of the company’s stock.

Shares of Salesforce.com Inc (CRM) opened at 93.66 on Tuesday. The stock’s market cap is $67.31 billion. The company’s 50-day moving average price is $90.44 and its 200-day moving average price is $86.60. Salesforce.com Inc has a 52-week low of $66.43 and a 52-week high of $95.23.

Salesforce.com (NYSE:CRM) last posted its quarterly earnings data on Tuesday, August 22nd. The CRM provider reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.24. The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.52 billion. Salesforce.com had a negative net margin of 0.85% and a positive return on equity of 1.83%. Salesforce.com’s quarterly revenue was up 25.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.24 EPS. On average, equities research analysts forecast that Salesforce.com Inc will post $1.31 earnings per share for the current fiscal year.

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Several research analysts have recently weighed in on the company. Benchmark Co. reiterated a “buy” rating on shares of Salesforce.com in a research note on Thursday, August 24th. Instinet restated a “buy” rating and issued a $90.00 target price on shares of Salesforce.com in a research note on Thursday, August 24th. Wells Fargo & Company restated a “buy” rating and issued a $100.00 target price on shares of Salesforce.com in a research note on Thursday, August 24th. Bank of America Corporation restated a “buy” rating and issued a $100.00 target price on shares of Salesforce.com in a research note on Thursday, August 24th. Finally, UBS AG restated a “buy” rating and issued a $100.00 target price on shares of Salesforce.com in a research note on Thursday, August 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and forty-five have given a buy rating to the company’s stock. Salesforce.com currently has a consensus rating of “Buy” and an average target price of $101.72.

In other Salesforce.com news, insider Amy E. Weaver sold 1,400 shares of the stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $90.12, for a total value of $126,168.00. Following the completion of the sale, the insider now directly owns 17,913 shares of the company’s stock, valued at approximately $1,614,319.56. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Burke F. Norton sold 379,189 shares of the stock in a transaction on Monday, June 5th. The shares were sold at an average price of $91.37, for a total transaction of $34,646,498.93. Following the completion of the sale, the executive vice president now directly owns 82,843 shares of the company’s stock, valued at $7,569,364.91. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,252,208 shares of company stock valued at $112,693,476. 6.70% of the stock is owned by insiders.

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.

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

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