Stephens Inc. AR increased its stake in Salesforce.com Inc (NYSE:CRM) by 4.1% during the first quarter, Holdings Channel reports. The institutional investor owned 100,934 shares of the CRM provider’s stock after buying an additional 4,010 shares during the period. Stephens Inc. AR’s holdings in Salesforce.com were worth $8,326,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. First Personal Financial Services increased its position in Salesforce.com by 7.5% in the first quarter. First Personal Financial Services now owns 1,611 shares of the CRM provider’s stock valued at $133,000 after buying an additional 112 shares during the last quarter. Dubuque Bank & Trust Co. increased its position in Salesforce.com by 387.1% in the first quarter. Dubuque Bank & Trust Co. now owns 1,622 shares of the CRM provider’s stock valued at $134,000 after buying an additional 1,289 shares during the last quarter. Hemenway Trust Co LLC acquired a new position in Salesforce.com during the fourth quarter valued at $137,000. Acrospire Investment Management LLC increased its position in Salesforce.com by 35.7% in the first quarter. Acrospire Investment Management LLC now owns 1,900 shares of the CRM provider’s stock valued at $157,000 after buying an additional 500 shares during the last quarter. Finally, Pinnacle Bank acquired a new position in Salesforce.com during the first quarter valued at $181,000. 85.67% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Salesforce.com Inc (NYSE:CRM) traded down 0.31% during mid-day trading on Friday, hitting $86.00. 8,004,954 shares of the stock were exchanged. The firm has a market cap of $61.25 billion, a P/E ratio of 455.03 and a beta of 1.24. The stock’s 50 day moving average is $88.47 and its 200 day moving average is $81.01. Salesforce.com Inc has a 12 month low of $66.43 and a 12 month high of $91.99.

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

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CRM has been the topic of several research reports. Vetr downgraded shares of Salesforce.com from a “strong-buy” rating to a “buy” rating and set a $93.31 price objective on the stock. in a report on Wednesday, March 1st. Goldman Sachs Group, Inc. (The) set a $96.00 price objective on shares of Salesforce.com and gave the stock a “buy” rating in a report on Wednesday, March 1st. Drexel Hamilton restated a “buy” rating and set a $100.00 price objective on shares of Salesforce.com in a report on Wednesday, March 1st. Stifel Nicolaus upped their price objective on shares of Salesforce.com from $93.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, March 1st. Finally, Wunderlich restated a “buy” rating and set a $101.00 price objective on shares of Salesforce.com in a report on Monday, February 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-eight have assigned a buy rating and one has given a strong buy rating to the company. Salesforce.com has a consensus rating of “Buy” and an average target price of $96.78.

In other Salesforce.com news, insider Keith Block sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, March 21st. The stock was sold at an average price of $82.95, for a total value of $829,500.00. Following the completion of the sale, the insider now owns 10,000 shares of the company’s stock, valued at $829,500. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Joe Allanson sold 279 shares of the firm’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $90.77, for a total value of $25,324.83. Following the completion of the sale, the insider now directly owns 28,753 shares of the company’s stock, valued at approximately $2,609,909.81. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,578,176 shares of company stock worth $137,994,329. 6.70% of the stock is owned by corporate 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.

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