Townsend & Associates Inc increased its stake in shares of salesforce.com, inc. (NYSE:CRM) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,519 shares of the CRM provider’s stock after purchasing an additional 329 shares during the quarter. Townsend & Associates Inc’s holdings in salesforce.com were worth $1,688,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Keudell Morrison Wealth Management grew its stake in shares of salesforce.com by 486.1% in the second quarter. Keudell Morrison Wealth Management now owns 14,261 shares of the CRM provider’s stock worth $2,164,000 after acquiring an additional 11,828 shares in the last quarter. Pictet Asset Management Ltd. grew its stake in shares of salesforce.com by 5.5% in the second quarter. Pictet Asset Management Ltd. now owns 1,204,072 shares of the CRM provider’s stock worth $182,694,000 after acquiring an additional 62,393 shares in the last quarter. United Capital Financial Advisers LLC grew its stake in shares of salesforce.com by 13.3% in the second quarter. United Capital Financial Advisers LLC now owns 44,670 shares of the CRM provider’s stock worth $6,778,000 after acquiring an additional 5,242 shares in the last quarter. NumerixS Investment Technologies Inc grew its stake in shares of salesforce.com by 214.1% in the second quarter. NumerixS Investment Technologies Inc now owns 4,397 shares of the CRM provider’s stock worth $667,000 after acquiring an additional 2,997 shares in the last quarter. Finally, Lido Advisors LLC grew its stake in shares of salesforce.com by 22.5% in the second quarter. Lido Advisors LLC now owns 6,277 shares of the CRM provider’s stock worth $952,000 after acquiring an additional 1,154 shares in the last quarter. Institutional investors and hedge funds own 80.42% of the company’s stock.

In other news, CEO Marc Benioff sold 5,000 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $147.10, for a total value of $735,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Susan Wojcicki bought 1,100 shares of salesforce.com stock in a transaction dated Tuesday, January 7th. The stock was acquired at an average cost of $175.26 per share, with a total value of $192,786.00. Following the completion of the acquisition, the director now directly owns 100,569 shares of the company’s stock, valued at approximately $17,625,722.94. The disclosure for this purchase can be found here. Insiders sold 395,741 shares of company stock valued at $63,928,887 over the last ninety days. Corporate insiders own 5.50% of the company’s stock.

CRM traded down $1.73 on Tuesday, reaching $182.12. The company had a trading volume of 4,341,490 shares, compared to its average volume of 6,024,278. salesforce.com, inc. has a 1 year low of $137.87 and a 1 year high of $184.45. The stock has a market capitalization of $159.84 billion, a PE ratio of 125.60, a P/E/G ratio of 7.52 and a beta of 1.22. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average price of $164.71 and a 200-day moving average price of $155.70.

salesforce.com (NYSE:CRM) last announced its quarterly earnings results on Tuesday, December 3rd. The CRM provider reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. salesforce.com had a net margin of 4.64% and a return on equity of 5.37%. The firm had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.45 billion. During the same period in the previous year, the company earned $0.61 earnings per share. salesforce.com’s quarterly revenue was up 33.0% compared to the same quarter last year. As a group, analysts expect that salesforce.com, inc. will post 1.28 earnings per share for the current fiscal year.

Several research firms have commented on CRM. Citigroup boosted their price target on shares of salesforce.com from $185.00 to $196.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Credit Suisse Group lifted their price objective on shares of salesforce.com from $185.00 to $215.00 and gave the stock an “outperform” rating in a research report on Monday. Roth Capital reaffirmed a “neutral” rating on shares of salesforce.com in a research report on Wednesday, December 4th. Needham & Company LLC reaffirmed a “hold” rating on shares of salesforce.com in a research report on Wednesday, December 4th. Finally, Evercore ISI reaffirmed a “buy” rating and set a $190.00 price objective on shares of salesforce.com in a research report on Tuesday, November 12th. Five equities research analysts have rated the stock with a hold rating, thirty-eight 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 $192.80.

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.

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

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