salesforce.com, inc. (CRM) Shares Bought by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP boosted its holdings in shares of salesforce.com, inc. (NYSE:CRM) by 5.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 840,392 shares of the CRM provider’s stock after acquiring an additional 45,063 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.11% of salesforce.com worth $133,653,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of CRM. FMR LLC raised its position in salesforce.com by 3.5% during the second quarter. FMR LLC now owns 89,621,104 shares of the CRM provider’s stock valued at $12,224,319,000 after acquiring an additional 3,066,099 shares in the last quarter. BlackRock Inc. raised its position in salesforce.com by 5.1% during the third quarter. BlackRock Inc. now owns 46,948,526 shares of the CRM provider’s stock valued at $7,466,224,000 after acquiring an additional 2,292,873 shares in the last quarter. OppenheimerFunds Inc. raised its position in salesforce.com by 13,746.1% during the second quarter. OppenheimerFunds Inc. now owns 1,034,856 shares of the CRM provider’s stock valued at $141,154,000 after acquiring an additional 1,027,382 shares in the last quarter. Mainstay Capital Management LLC ADV raised its position in salesforce.com by 7,692.8% during the second quarter. Mainstay Capital Management LLC ADV now owns 931,003 shares of the CRM provider’s stock valued at $7,081,000 after acquiring an additional 919,056 shares in the last quarter. Finally, Bank of Montreal Can raised its position in salesforce.com by 63.7% during the third quarter. Bank of Montreal Can now owns 1,857,113 shares of the CRM provider’s stock valued at $295,337,000 after acquiring an additional 722,512 shares in the last quarter. 82.78% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Amy E. Weaver sold 5,325 shares of the firm’s stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of $154.86, for a total value of $824,629.50. Following the sale, the insider now owns 26,798 shares in the company, valued at $4,149,938.28. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Craig Conway sold 200 shares of the firm’s stock in a transaction on Monday, October 15th. The stock was sold at an average price of $146.49, for a total transaction of $29,298.00. Following the completion of the sale, the director now owns 9,127 shares in the company, valued at approximately $1,337,014.23. The disclosure for this sale can be found here. In the last 90 days, insiders sold 485,162 shares of company stock worth $71,235,017. 6.00% of the stock is currently owned by corporate insiders.
salesforce.com (NYSE:CRM) last announced its quarterly earnings data on Tuesday, November 27th. The CRM provider reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.11. The business had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.37 billion. salesforce.com had a net margin of 6.51% and a return on equity of 8.06%. salesforce.com’s quarterly revenue was up 25.6% on a year-over-year basis. During the same quarter last year, the company posted $0.39 earnings per share. On average, sell-side analysts anticipate that salesforce.com, inc. will post 1.32 earnings per share for the current year.
Several brokerages recently weighed in on CRM. Nomura reaffirmed a “buy” rating on shares of salesforce.com in a research report on Wednesday. Robert W. Baird cut their price objective on shares of salesforce.com from $180.00 to $165.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 28th. Wedbush raised their price objective on shares of salesforce.com from $160.00 to $166.00 in a research report on Sunday. Zacks Investment Research raised shares of salesforce.com from a “hold” rating to a “buy” rating and set a $156.00 price objective on the stock in a research report on Friday, November 30th. Finally, Jefferies Financial Group raised their price objective on shares of salesforce.com to $168.00 and gave the company a “buy” rating in a research report on Wednesday, August 22nd. Four equities research analysts have rated the stock with a hold rating, thirty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $168.08.
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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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