salesforce.com, inc. (CRM) Shares Bought by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. lifted its holdings in salesforce.com, inc. (NYSE:CRM) by 26.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,252 shares of the CRM provider’s stock after acquiring an additional 1,320 shares during the period. Stratos Wealth Partners LTD.’s holdings in salesforce.com were worth $994,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of CRM. Principal Financial Group Inc. raised its holdings in salesforce.com by 5.6% during the first quarter. Principal Financial Group Inc. now owns 1,675,716 shares of the CRM provider’s stock worth $194,886,000 after purchasing an additional 89,171 shares in the last quarter. Xact Kapitalforvaltning AB raised its holdings in salesforce.com by 3.3% during the second quarter. Xact Kapitalforvaltning AB now owns 122,219 shares of the CRM provider’s stock worth $16,671,000 after purchasing an additional 3,942 shares in the last quarter. Pennsylvania Trust Co acquired a new stake in salesforce.com during the second quarter worth approximately $569,000. NN Investment Partners Holdings N.V. increased its holdings in shares of salesforce.com by 10.2% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 76,101 shares of the CRM provider’s stock valued at $10,380,000 after acquiring an additional 7,054 shares during the period. Finally, FormulaFolio Investments LLC acquired a new position in shares of salesforce.com in the 2nd quarter valued at $550,000. 83.01% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently commented on CRM. Piper Jaffray Companies lifted their target price on shares of salesforce.com from $150.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, August 15th. Bank of America lifted their target price on shares of salesforce.com from $161.00 to $181.00 and gave the company a “buy” rating in a report on Tuesday, August 21st. UBS Group lifted their target price on shares of salesforce.com from $153.00 to $168.00 and gave the company a “buy” rating in a report on Wednesday, August 15th. Argus lifted their target price on shares of salesforce.com from $141.00 to $180.00 and gave the company a “buy” rating in a report on Friday, August 31st. Finally, Stifel Nicolaus lifted their target price on shares of salesforce.com from $150.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, July 17th. Six research analysts have rated the stock with a hold rating, thirty-four have given a buy rating and two have assigned a strong buy rating to the company’s stock. salesforce.com presently has an average rating of “Buy” and an average price target of $166.41.

In other salesforce.com news, insider Joe Allanson sold 323 shares of the business’s stock in a transaction on Thursday, August 23rd. The shares were sold at an average price of $147.23, for a total transaction of $47,555.29. Following the sale, the insider now directly owns 30,619 shares in the company, valued at approximately $4,508,035.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Parker Harris sold 5,711 shares of the business’s stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $145.91, for a total transaction of $833,292.01. Following the sale, the insider now owns 25,903 shares in the company, valued at $3,779,506.73. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 18,000 shares of company stock worth $2,703,900 and sold 503,678 shares worth $75,870,740. Company insiders own 6.00% of the company’s stock.

NYSE:CRM opened at $136.92 on Friday. salesforce.com, inc. has a 1-year low of $98.68 and a 1-year high of $161.19. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market capitalization of $107.29 billion, a P/E ratio of 304.27, a PEG ratio of 4.66 and a beta of 1.38.

salesforce.com (NYSE:CRM) last posted its quarterly earnings data on Wednesday, August 29th. The CRM provider reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.24. salesforce.com had a net margin of 6.45% and a return on equity of 8.27%. The firm had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.23 billion. During the same period last year, the firm posted $0.33 EPS. salesforce.com’s quarterly revenue was up 27.3% on a year-over-year basis. Analysts forecast that salesforce.com, inc. will post 1.22 earnings per share for the current fiscal year.

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About salesforce.com

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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