Wealthsource Partners LLC raised its stake in Salesforce.com Inc (NYSE:CRM) by 11.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,807 shares of the CRM provider’s stock after buying an additional 894 shares during the quarter. Wealthsource Partners LLC’s holdings in Salesforce.com were worth $823,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Moors & Cabot Inc. acquired a new position in Salesforce.com in the third quarter valued at about $965,000. Cypress Capital Group raised its position in shares of Salesforce.com by 80.1% during the third quarter. Cypress Capital Group now owns 29,439 shares of the CRM provider’s stock worth $2,750,000 after purchasing an additional 13,090 shares during the period. IFM Investors Pty Ltd raised its position in shares of Salesforce.com by 5.2% during the third quarter. IFM Investors Pty Ltd now owns 18,899 shares of the CRM provider’s stock worth $1,766,000 after purchasing an additional 929 shares during the period. Insight Capital Research & Management Inc. acquired a new stake in shares of Salesforce.com during the third quarter worth about $1,844,000. Finally, Piedmont Investment Advisors LLC raised its position in shares of Salesforce.com by 1.0% during the third quarter. Piedmont Investment Advisors LLC now owns 145,899 shares of the CRM provider’s stock worth $13,630,000 after purchasing an additional 1,384 shares during the period. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Salesforce.com Inc (NYSE CRM) opened at $103.94 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market capitalization of $74,956.69, a P/E ratio of 324.30, a price-to-earnings-growth ratio of 9.75 and a beta of 1.24. Salesforce.com Inc has a one year low of $68.23 and a one year high of $109.19.

Salesforce.com (NYSE:CRM) last posted its quarterly earnings results on Tuesday, November 21st. The CRM provider reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.02. The firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.65 billion. Salesforce.com had a return on equity of 2.81% and a net margin of 0.09%. The business’s revenue was up 25.0% compared to the same quarter last year. During the same period last year, the company earned $0.24 earnings per share. equities research analysts predict that Salesforce.com Inc will post 0.43 EPS for the current year.

In other news, Vice Chairman Keith Block sold 7,641 shares of Salesforce.com stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $95.85, for a total transaction of $732,389.85. Following the completion of the transaction, the insider now directly owns 14,718 shares in the company, valued at approximately $1,410,720.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mark J. Hawkins sold 39,780 shares of Salesforce.com stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $103.72, for a total value of $4,125,981.60. Following the transaction, the insider now owns 58,719 shares of the company’s stock, valued at $6,090,334.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 686,543 shares of company stock valued at $70,323,309. Corporate insiders own 6.20% of the company’s stock.

A number of equities research analysts have recently commented on CRM shares. Stephens reaffirmed an “overweight” rating and set a $107.00 price target (up previously from $100.00) on shares of Salesforce.com in a research report on Thursday, August 31st. BMO Capital Markets raised their price target on Salesforce.com from $112.00 to $118.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 22nd. Royal Bank of Canada reaffirmed a “buy” rating on shares of Salesforce.com in a research report on Thursday, November 9th. Vetr lowered Salesforce.com from a “hold” rating to a “strong sell” rating and set a $80.76 price target on the stock. in a research report on Wednesday, October 11th. Finally, KeyCorp reaffirmed a “buy” rating and set a $108.00 price target on shares of Salesforce.com in a research report on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and forty-five have assigned a buy rating to the company’s stock. Salesforce.com presently has a consensus rating of “Buy” and a consensus target price of $112.53.

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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.

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

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