Diversified Trust Co Has $4.54 Million Stock Position in salesforce.com, inc. (NYSE:CRM)

Diversified Trust Co boosted its position in salesforce.com, inc. (NYSE:CRM) by 19.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 30,614 shares of the CRM provider’s stock after purchasing an additional 4,931 shares during the period. Diversified Trust Co’s holdings in salesforce.com were worth $4,544,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of the stock. FMR LLC grew its position in shares of salesforce.com by 0.8% during the 1st quarter. FMR LLC now owns 89,716,274 shares of the CRM provider’s stock valued at $14,208,366,000 after acquiring an additional 698,321 shares during the period. Vanguard Group Inc. raised its position in shares of salesforce.com by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 58,771,856 shares of the CRM provider’s stock valued at $8,917,454,000 after purchasing an additional 1,491,307 shares during the last quarter. BlackRock Inc. raised its position in shares of salesforce.com by 4.7% in the 2nd quarter. BlackRock Inc. now owns 56,165,345 shares of the CRM provider’s stock valued at $8,521,967,000 after purchasing an additional 2,499,996 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of salesforce.com by 13.5% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 33,910,865 shares of the CRM provider’s stock valued at $5,145,296,000 after purchasing an additional 4,046,077 shares during the last quarter. Finally, Jennison Associates LLC raised its position in shares of salesforce.com by 8.4% in the 2nd quarter. Jennison Associates LLC now owns 21,575,462 shares of the CRM provider’s stock valued at $3,273,645,000 after purchasing an additional 1,673,392 shares during the last quarter. Institutional investors and hedge funds own 73.65% of the company’s stock.

A number of research analysts have weighed in on the company. BMO Capital Markets raised their price objective on salesforce.com from $185.00 to $188.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. Credit Suisse Group set a $175.00 price objective on salesforce.com and gave the company a “buy” rating in a report on Wednesday, August 28th. JMP Securities raised their price objective on salesforce.com from $178.00 to $191.00 and gave the company a “market outperform” rating in a report on Friday, August 23rd. FBN Securities set a $200.00 price objective on salesforce.com and gave the company a “buy” rating in a report on Friday, August 23rd. Finally, Barclays raised their price objective on salesforce.com from $182.00 to $184.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Three research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $184.31.

In related news, CAO Joe Allanson sold 323 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $155.57, for a total transaction of $50,249.11. Following the sale, the chief accounting officer now directly owns 30,619 shares in the company, valued at approximately $4,763,397.83. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Marc Benioff sold 5,000 shares of the stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $158.94, for a total value of $794,700.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 286,832 shares of company stock valued at $43,530,831. 5.50% of the stock is currently owned by corporate insiders.

CRM traded up $1.03 on Wednesday, hitting $146.94. The company had a trading volume of 320,155 shares, compared to its average volume of 5,884,379. The firm has a market cap of $127.96 billion, a P/E ratio of 101.34, a PEG ratio of 5.65 and a beta of 1.23. salesforce.com, inc. has a 1 year low of $113.60 and a 1 year high of $167.56. The company’s fifty day moving average price is $151.17 and its 200 day moving average price is $154.37. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.31.

salesforce.com (NYSE:CRM) last issued its quarterly earnings data on Thursday, August 22nd. The CRM provider reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.57. The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $3.96 billion. salesforce.com had a net margin of 6.45% and a return on equity of 7.26%. salesforce.com’s revenue was up 21.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 EPS. On average, analysts predict that salesforce.com, inc. will post 1.25 earnings per share for the current year.

salesforce.com 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.

See Also: Dividend Aristocrat Index

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

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