South Street Advisors LLC decreased its stake in salesforce.com, inc. (NYSE:CRM) by 3.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,881 shares of the CRM provider’s stock after selling 4,517 shares during the period. salesforce.com accounts for approximately 5.4% of South Street Advisors LLC’s holdings, making the stock its 2nd largest position. South Street Advisors LLC’s holdings in salesforce.com were worth $15,324,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Murphy Capital Management Inc. grew its holdings in salesforce.com by 40.0% during the fourth quarter. Murphy Capital Management Inc. now owns 12,960 shares of the CRM provider’s stock worth $1,775,000 after purchasing an additional 3,700 shares during the period. Roman Butler Fullerton & Co. bought a new position in salesforce.com during the fourth quarter worth about $804,000. Schmidt P J Investment Management Inc. grew its holdings in salesforce.com by 16.4% during the fourth quarter. Schmidt P J Investment Management Inc. now owns 12,910 shares of the CRM provider’s stock worth $1,768,000 after purchasing an additional 1,820 shares during the period. Alps Advisors Inc. grew its holdings in salesforce.com by 158.0% during the fourth quarter. Alps Advisors Inc. now owns 13,818 shares of the CRM provider’s stock worth $1,893,000 after purchasing an additional 8,462 shares during the period. Finally, Dearborn Partners LLC grew its holdings in salesforce.com by 3.1% during the fourth quarter. Dearborn Partners LLC now owns 5,799 shares of the CRM provider’s stock worth $794,000 after purchasing an additional 175 shares during the period. Institutional investors own 85.17% of the company’s stock.

A number of equities analysts recently commented on CRM shares. BMO Capital Markets lifted their price target on salesforce.com from $165.00 to $174.00 and gave the stock a “market perform” rating in a report on Monday, October 15th. Nomura started coverage on salesforce.com in a report on Monday, October 29th. They set a “buy” rating and a $181.00 price target for the company. TheStreet cut salesforce.com from a “b-” rating to a “c+” rating in a report on Friday, October 26th. Zacks Investment Research reiterated a “hold” rating on shares of salesforce.com in a report on Monday, November 12th. Finally, Piper Jaffray Companies reduced their price target on salesforce.com from $190.00 to $160.00 and set an “overweight” rating for the company in a report on Wednesday, November 21st. Three analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and one has assigned a strong buy rating to the company. salesforce.com has a consensus rating of “Buy” and an average target price of $170.38.

Shares of NYSE CRM traded up $3.34 during midday trading on Monday, reaching $160.01. The company’s stock had a trading volume of 2,449,648 shares, compared to its average volume of 4,683,833. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.22. salesforce.com, inc. has a fifty-two week low of $102.37 and a fifty-two week high of $161.19. The company has a market cap of $119.85 billion, a price-to-earnings ratio of 355.58, a PEG ratio of 5.08 and a beta of 1.37.

salesforce.com (NYSE:CRM) last released its quarterly earnings results on Tuesday, November 27th. The CRM provider reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.11. salesforce.com had a net margin of 6.51% and a return on equity of 8.06%. The company had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.37 billion. During the same period in the previous year, the business earned $0.39 earnings per share. The firm’s quarterly revenue was up 25.6% on a year-over-year basis. On average, equities research analysts forecast that salesforce.com, inc. will post 1.32 earnings per share for the current year.

In related news, CAO Joe Allanson sold 323 shares of salesforce.com stock in a transaction that occurred on Friday, November 23rd. The shares were sold at an average price of $122.60, for a total value of $39,599.80. Following the transaction, the chief accounting officer now directly owns 30,619 shares of the company’s stock, valued at $3,753,889.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Marc Benioff sold 15,000 shares of salesforce.com stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of $157.10, for a total transaction of $2,356,500.00. The disclosure for this sale can be found here. Insiders sold 531,829 shares of company stock worth $73,328,115 over the last three months. 6.00% of the stock is currently owned by insiders.

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salesforce.com Company Profile

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.

Read More: Leveraged Buyout (LBO) Explained

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

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