Iberiabank Corp boosted its position in salesforce.com, inc. (NYSE:CRM) by 18.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,076 shares of the CRM provider’s stock after purchasing an additional 7,228 shares during the quarter. Iberiabank Corp’s holdings in salesforce.com were worth $7,455,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CRM. Flinton Capital Management LLC raised its position in shares of salesforce.com by 17.5% during the 4th quarter. Flinton Capital Management LLC now owns 73,056 shares of the CRM provider’s stock valued at $10,006,000 after buying an additional 10,864 shares in the last quarter. Piedmont Investment Advisors Inc. raised its position in shares of salesforce.com by 5.7% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 93,507 shares of the CRM provider’s stock valued at $12,808,000 after buying an additional 5,063 shares in the last quarter. Heritage Investors Management Corp raised its position in shares of salesforce.com by 10.0% during the 1st quarter. Heritage Investors Management Corp now owns 34,427 shares of the CRM provider’s stock valued at $5,452,000 after buying an additional 3,143 shares in the last quarter. Putnam FL Investment Management Co. raised its position in shares of salesforce.com by 0.5% during the 4th quarter. Putnam FL Investment Management Co. now owns 21,392 shares of the CRM provider’s stock valued at $2,930,000 after buying an additional 97 shares in the last quarter. Finally, Redpoint Investment Management Pty Ltd raised its position in shares of salesforce.com by 10.7% during the 4th quarter. Redpoint Investment Management Pty Ltd now owns 55,648 shares of the CRM provider’s stock valued at $7,622,000 after buying an additional 5,398 shares in the last quarter. Institutional investors and hedge funds own 83.02% of the company’s stock.

Several analysts have recently weighed in on the stock. Bank of America restated a “buy” rating and set a $200.00 price objective (up previously from $181.00) on shares of salesforce.com in a research report on Wednesday, February 27th. Mizuho assumed coverage on shares of salesforce.com in a research report on Wednesday, March 13th. They set a “buy” rating and a $185.00 price objective on the stock. JPMorgan Chase & Co. restated a “buy” rating and set a $180.00 price objective on shares of salesforce.com in a research report on Wednesday, April 17th. Deutsche Bank restated a “buy” rating on shares of salesforce.com in a research report on Tuesday, March 5th. Finally, BMO Capital Markets restated an “outperform” rating and set a $185.00 price objective (up previously from $175.00) on shares of salesforce.com in a research report on Tuesday, March 5th. Three equities research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $177.82.

In other salesforce.com news, General Counsel Amy E. Weaver sold 456 shares of the firm’s stock in a transaction on Wednesday, January 23rd. The shares were sold at an average price of $149.15, for a total value of $68,012.40. Following the sale, the general counsel now owns 24,258 shares of the company’s stock, valued at approximately $3,618,080.70. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Marc Benioff sold 10,000 shares of the firm’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $155.74, for a total transaction of $1,557,400.00. The disclosure for this sale can be found here. In the last three months, insiders sold 440,691 shares of company stock worth $69,710,956. Insiders own 6.00% of the company’s stock.

Shares of NYSE:CRM opened at $158.76 on Tuesday. The firm has a market capitalization of $121.29 billion, a P/E ratio of 109.49, a price-to-earnings-growth ratio of 5.68 and a beta of 1.39. salesforce.com, inc. has a 52 week low of $113.60 and a 52 week high of $166.99. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.95 and a current ratio of 0.95.

salesforce.com (NYSE:CRM) last announced its quarterly earnings results on Monday, March 4th. The CRM provider reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.14. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.56 billion. salesforce.com had a net margin of 8.36% and a return on equity of 8.42%. During the same quarter last year, the firm earned $0.35 EPS. As a group, equities analysts forecast that salesforce.com, inc. will post 1.2 earnings per share for the current fiscal year.

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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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