Dubuque Bank & Trust Co. Reduces Stock Holdings in salesforce.com, inc. (NYSE:CRM)

Dubuque Bank & Trust Co. trimmed its position in salesforce.com, inc. (NYSE:CRM) by 52.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,392 shares of the CRM provider’s stock after selling 30,358 shares during the period. Dubuque Bank & Trust Co.’s holdings in salesforce.com were worth $4,066,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Chemung Canal Trust Co. raised its stake in salesforce.com by 1.2% during the 2nd quarter. Chemung Canal Trust Co. now owns 44,078 shares of the CRM provider’s stock valued at $6,688,000 after purchasing an additional 505 shares during the period. Hills Bank & Trust Co. raised its stake in salesforce.com by 5.3% during the 2nd quarter. Hills Bank & Trust Co. now owns 9,480 shares of the CRM provider’s stock valued at $1,438,000 after purchasing an additional 473 shares during the period. Chicago Capital LLC raised its stake in salesforce.com by 3.1% during the 2nd quarter. Chicago Capital LLC now owns 209,748 shares of the CRM provider’s stock valued at $31,825,000 after purchasing an additional 6,237 shares during the period. Ibex Wealth Advisors bought a new stake in salesforce.com during the 2nd quarter valued at approximately $63,000. Finally, Retirement Systems of Alabama raised its stake in salesforce.com by 1.0% during the 2nd quarter. Retirement Systems of Alabama now owns 612,105 shares of the CRM provider’s stock valued at $92,875,000 after purchasing an additional 5,888 shares during the period. 73.65% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO Marc Benioff sold 5,000 shares of the business’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $158.94, for a total transaction of $794,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Joe Allanson sold 167 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $154.07, for a total value of $25,729.69. Following the transaction, the chief accounting officer now owns 30,958 shares of the company’s stock, valued at approximately $4,769,699.06. The disclosure for this sale can be found here. In the last three months, insiders have sold 282,339 shares of company stock worth $42,770,272. Corporate insiders own 5.50% of the company’s stock.

Shares of NYSE CRM traded down $0.64 during trading hours on Thursday, hitting $146.41. 2,612,839 shares of the company traded hands, compared to its average volume of 4,351,642. The stock has a market capitalization of $130.50 billion, a price-to-earnings ratio of 100.97, a price-to-earnings-growth ratio of 5.68 and a beta of 1.23. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.31. The company’s 50 day moving average price is $151.24 and its 200 day moving average price is $154.27. salesforce.com, inc. has a 12 month low of $113.60 and a 12 month high of $167.56.

salesforce.com (NYSE:CRM) last released its earnings results on Thursday, August 22nd. The CRM provider reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.57. The firm had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.96 billion. salesforce.com had a return on equity of 7.26% and a net margin of 6.45%. The company’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS. Equities analysts anticipate that salesforce.com, inc. will post 1.23 EPS for the current year.

Several analysts recently issued reports on CRM shares. JPMorgan Chase & Co. set a $180.00 target price on salesforce.com and gave the company a “buy” rating in a research note on Friday, August 23rd. Stephens set a $184.00 target price on salesforce.com and gave the company a “buy” rating in a research note on Friday, August 23rd. TheStreet downgraded salesforce.com from a “b” rating to a “c” rating in a research note on Thursday, August 22nd. Macquarie lifted their target price on salesforce.com from $184.00 to $190.00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. Finally, BMO Capital Markets lifted their price objective on salesforce.com from $185.00 to $188.00 and gave the stock an “outperform” rating in a research note on Friday, August 23rd. Three investment analysts have rated the stock with a hold rating, thirty-six have given a buy rating and one has assigned a strong buy rating to the stock. salesforce.com presently has an average rating of “Buy” and an average target price of $184.31.

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.

Read More: Convertible Shares

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

Receive News & Ratings for salesforce.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for salesforce.com and related companies with MarketBeat.com's FREE daily email newsletter.