Savant Capital LLC raised its stake in shares of Salesforce.com Inc (NYSE:CRM) by 9.0% during the second quarter, Holdings Channel reports. The fund owned 2,774 shares of the CRM provider’s stock after buying an additional 230 shares during the period. Savant Capital LLC’s holdings in Salesforce.com were worth $240,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Trillium Asset Management LLC raised its stake in shares of Salesforce.com by 1.4% in the second quarter. Trillium Asset Management LLC now owns 135,775 shares of the CRM provider’s stock valued at $11,758,000 after buying an additional 1,916 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Salesforce.com by 0.6% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 378,998 shares of the CRM provider’s stock valued at $32,821,000 after buying an additional 2,396 shares during the last quarter. Rational Advisors LLC acquired a new stake in shares of Salesforce.com during the second quarter valued at approximately $488,000. Advisors Asset Management Inc. raised its stake in shares of Salesforce.com by 19.0% in the second quarter. Advisors Asset Management Inc. now owns 28,863 shares of the CRM provider’s stock valued at $2,500,000 after buying an additional 4,604 shares during the last quarter. Finally, Bingham Osborn & Scarborough LLC raised its stake in shares of Salesforce.com by 32.5% in the second quarter. Bingham Osborn & Scarborough LLC now owns 24,382 shares of the CRM provider’s stock valued at $2,111,000 after buying an additional 5,981 shares during the last quarter. Institutional investors own 86.29% of the company’s stock.

Salesforce.com Inc (NYSE:CRM) opened at 90.70 on Wednesday. The stock has a 50 day moving average price of $89.30 and a 200 day moving average price of $85.95. The stock has a market cap of $64.60 billion, a P/E ratio of 479.89 and a beta of 1.29. Salesforce.com Inc has a 12-month low of $66.43 and a 12-month high of $92.13. Salesforce.com also was the target of some unusual options trading activity on Monday. Stock traders bought 11,294 call options on the stock. This is an increase of approximately 150% compared to the average daily volume of 4,516 call options.

Salesforce.com (NYSE:CRM) last released its quarterly earnings data on Thursday, May 18th. The CRM provider reported $0.28 EPS for the quarter, beating the consensus estimate of $0.26 by $0.02. Salesforce.com had a net margin of 1.49% and a return on equity of 1.80%. The business had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the prior year, the firm earned $0.24 EPS. The business’s revenue was up 24.6% on a year-over-year basis. On average, analysts forecast that Salesforce.com Inc will post $1.30 earnings per share for the current fiscal year.

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Several brokerages have issued reports on CRM. Vetr lowered Salesforce.com from a “buy” rating to a “hold” rating and set a $93.21 price target on the stock. in a report on Tuesday. Credit Suisse Group began coverage on Salesforce.com in a report on Tuesday, August 1st. They issued an “outperform” rating and a $110.00 price target on the stock. Royal Bank Of Canada reiterated a “buy” rating and issued a $102.00 price target on shares of Salesforce.com in a report on Monday, July 31st. Zacks Investment Research lowered Salesforce.com from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, SunTrust Banks, Inc. began coverage on Salesforce.com in a report on Monday, June 26th. They issued a “buy” rating and a $110.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirty-nine have assigned a buy rating to the company’s stock. Salesforce.com presently has a consensus rating of “Buy” and a consensus price target of $97.31.

In related news, Chairman Marc Benioff sold 10,000 shares of the stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $87.79, for a total value of $877,900.00. Following the completion of the transaction, the chairman now owns 34,195,300 shares of the company’s stock, valued at approximately $3,002,005,387. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Joe Allanson sold 309 shares of the stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $88.55, for a total transaction of $27,361.95. Following the completion of the transaction, the insider now directly owns 28,944 shares of the company’s stock, valued at approximately $2,562,991.20. The disclosure for this sale can be found here. Insiders have sold a total of 1,353,386 shares of company stock valued at $121,719,059 in the last three months. Insiders own 6.70% 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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