salesforce.com, inc. (CRM) Holdings Raised by Nan Shan Life Insurance Co. Ltd.

Nan Shan Life Insurance Co. Ltd. boosted its stake in shares of salesforce.com, inc. (NYSE:CRM) by 53.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 566,600 shares of the CRM provider’s stock after purchasing an additional 196,837 shares during the quarter. salesforce.com comprises 1.7% of Nan Shan Life Insurance Co. Ltd.’s portfolio, making the stock its 18th largest holding. Nan Shan Life Insurance Co. Ltd. owned approximately 0.07% of salesforce.com worth $90,106,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in CRM. Lyell Wealth Management LP boosted its position in shares of salesforce.com by 0.9% in the second quarter. Lyell Wealth Management LP now owns 37,483 shares of the CRM provider’s stock valued at $5,113,000 after acquiring an additional 348 shares during the period. Newport Wealth Strategies Inc. boosted its position in shares of salesforce.com by 17.7% in the second quarter. Newport Wealth Strategies Inc. now owns 2,349 shares of the CRM provider’s stock valued at $320,000 after acquiring an additional 353 shares during the period. Arthur M. Cohen & Associates LLC boosted its position in shares of salesforce.com by 4.5% in the third quarter. Arthur M. Cohen & Associates LLC now owns 8,591 shares of the CRM provider’s stock valued at $1,366,000 after acquiring an additional 370 shares during the period. Aspiriant LLC boosted its position in shares of salesforce.com by 11.8% in the third quarter. Aspiriant LLC now owns 3,684 shares of the CRM provider’s stock valued at $587,000 after acquiring an additional 389 shares during the period. Finally, ProVise Management Group LLC boosted its position in shares of salesforce.com by 6.9% in the second quarter. ProVise Management Group LLC now owns 6,160 shares of the CRM provider’s stock valued at $840,000 after acquiring an additional 400 shares during the period. 83.59% of the stock is owned by hedge funds and other institutional investors.

salesforce.com stock opened at $122.03 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.80 and a quick ratio of 0.80. salesforce.com, inc. has a 52-week low of $98.68 and a 52-week high of $161.19. The firm has a market cap of $92.34 billion, a price-to-earnings ratio of 271.18, a P/E/G ratio of 4.01 and a beta of 1.38.

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

In other salesforce.com news, insider Cynthia G. Robbins sold 543 shares of the stock in a transaction on Monday, August 27th. The stock was sold at an average price of $151.53, for a total transaction of $82,280.79. Following the completion of the transaction, the insider now directly owns 19,609 shares in the company, valued at $2,971,351.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Joe Allanson sold 272 shares of the stock in a transaction on Monday, August 27th. The stock was sold at an average price of $151.53, for a total value of $41,216.16. Following the transaction, the chief accounting officer now owns 30,310 shares of the company’s stock, valued at $4,592,874.30. The disclosure for this sale can be found here. Insiders have sold 497,559 shares of company stock valued at $74,087,114 over the last quarter. Corporate insiders own 6.00% of the company’s stock.

CRM has been the subject of several research reports. Bank of America increased their price objective on salesforce.com from $161.00 to $181.00 and gave the company a “buy” rating in a research report on Tuesday, August 21st. Jefferies Financial Group increased their price objective on salesforce.com from $172.00 to $189.00 and gave the company a “buy” rating in a research report on Thursday, September 27th. Piper Jaffray Companies increased their price objective on salesforce.com from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday, September 28th. Rosenblatt Securities reissued a “buy” rating and issued a $178.00 price objective on shares of salesforce.com in a research report on Tuesday, October 2nd. Finally, BMO Capital Markets increased their price objective on salesforce.com from $165.00 to $174.00 and gave the company a “market perform” rating in a research report on Monday, October 15th. Six equities research analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $166.84.

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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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