DekaBank Deutsche Girozentrale Acquires 1,322 Shares of salesforce.com, inc. (CRM)

DekaBank Deutsche Girozentrale lifted its holdings in salesforce.com, inc. (NYSE:CRM) by 0.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 286,602 shares of the CRM provider’s stock after acquiring an additional 1,322 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in salesforce.com were worth $44,209,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. FMR LLC boosted its holdings in shares of salesforce.com by 3.5% during the 2nd quarter. FMR LLC now owns 89,621,104 shares of the CRM provider’s stock valued at $12,224,319,000 after acquiring an additional 3,066,099 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of salesforce.com by 5.1% during the 3rd quarter. BlackRock Inc. now owns 46,948,526 shares of the CRM provider’s stock valued at $7,466,224,000 after acquiring an additional 2,292,873 shares during the last quarter. Morgan Stanley boosted its holdings in shares of salesforce.com by 1.5% during the 2nd quarter. Morgan Stanley now owns 14,496,002 shares of the CRM provider’s stock valued at $1,977,256,000 after acquiring an additional 214,578 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of salesforce.com by 1.0% during the 2nd quarter. Northern Trust Corp now owns 9,923,734 shares of the CRM provider’s stock valued at $1,353,597,000 after acquiring an additional 98,077 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of salesforce.com by 0.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 8,205,516 shares of the CRM provider’s stock valued at $1,304,923,000 after acquiring an additional 75,769 shares during the last quarter. 83.59% of the stock is currently owned by hedge funds and other institutional investors.

In other salesforce.com news, insider Parker Harris sold 5,710 shares of the firm’s stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $120.62, for a total transaction of $688,740.20. Following the sale, the insider now owns 27,937 shares in the company, valued at approximately $3,369,760.94. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Amy E. Weaver sold 5,325 shares of the firm’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $160.11, for a total transaction of $852,585.75. Following the sale, the insider now owns 26,798 shares in the company, valued at approximately $4,290,627.78. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 492,559 shares of company stock worth $73,468,364. 6.00% of the stock is owned by company insiders.

A number of analysts have recently issued reports on CRM shares. Bank of America raised their price target 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. Jefferies Financial Group raised their price target on shares of salesforce.com from $172.00 to $189.00 and gave the company a “buy” rating in a report on Thursday, September 27th. Piper Jaffray Companies raised their price target on shares of salesforce.com from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Friday, September 28th. Rosenblatt Securities reaffirmed a “buy” rating and set a $178.00 price target on shares of salesforce.com in a report on Tuesday, October 2nd. Finally, BMO Capital Markets raised their price target on shares of salesforce.com from $165.00 to $174.00 and gave the company a “market perform” rating in a report on Monday, October 15th. Six research analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $166.84.

NYSE CRM opened at $123.59 on Friday. salesforce.com, inc. has a 12 month low of $98.68 and a 12 month high of $161.19. The company has a market cap of $93.52 billion, a price-to-earnings ratio of 274.64, a PEG ratio of 4.06 and a beta of 1.38. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.23.

salesforce.com (NYSE:CRM) last released its earnings results on Wednesday, August 29th. The CRM provider reported $0.71 EPS for the quarter, topping 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 company had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.23 billion. During the same quarter last year, the business earned $0.33 EPS. The firm’s revenue was up 27.3% compared to the same quarter last year. As a group, analysts expect that salesforce.com, inc. will post 1.22 earnings per share for the current year.

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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.

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

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