Arizona State Retirement System Raises Holdings in salesforce.com, inc. (CRM)

Arizona State Retirement System grew its stake in salesforce.com, inc. (NYSE:CRM) by 13.9% in the 4th quarter, HoldingsChannel reports. The firm owned 192,856 shares of the CRM provider’s stock after purchasing an additional 23,600 shares during the period. Arizona State Retirement System’s holdings in salesforce.com were worth $19,716,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bessemer Group Inc. raised its holdings in salesforce.com by 196.4% in the 4th quarter. Bessemer Group Inc. now owns 1,150 shares of the CRM provider’s stock worth $118,000 after purchasing an additional 762 shares in the last quarter. First Mercantile Trust Co. bought a new position in shares of salesforce.com in the 4th quarter worth about $123,000. Cerebellum GP LLC bought a new position in shares of salesforce.com in the 4th quarter worth about $125,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in shares of salesforce.com by 204.3% in the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,400 shares of the CRM provider’s stock worth $131,000 after acquiring an additional 940 shares in the last quarter. Finally, WFG Advisors LP increased its stake in shares of salesforce.com by 130.2% in the 2nd quarter. WFG Advisors LP now owns 1,837 shares of the CRM provider’s stock worth $159,000 after acquiring an additional 1,039 shares in the last quarter. Institutional investors and hedge funds own 85.33% of the company’s stock.

In other news, Director Susan Wojcicki bought 6,000 shares of the firm’s stock in a transaction on Tuesday, January 9th. The shares were bought at an average price of $109.14 per share, for a total transaction of $654,840.00. Following the purchase, the director now owns 39,223 shares in the company, valued at $4,280,798.22. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Keith Block sold 14,189 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $106.86, for a total transaction of $1,516,236.54. Following the sale, the insider now owns 22,424 shares in the company, valued at approximately $2,396,228.64. The disclosure for this sale can be found here. In the last three months, insiders sold 469,180 shares of company stock worth $50,769,663. 6.20% of the stock is currently owned by insiders.

Several research analysts recently issued reports on the stock. Jefferies Group upgraded shares of salesforce.com from a “hold” rating to a “buy” rating in a research note on Thursday. Vetr upgraded shares of salesforce.com from a “hold” rating to a “buy” rating and set a $113.54 price target for the company in a research note on Monday. Guggenheim reiterated a “buy” rating and issued a $128.00 price target on shares of salesforce.com in a research note on Thursday, January 11th. UBS Group set a $135.00 price target on shares of salesforce.com and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Finally, Goldman Sachs Group set a $110.00 price target on shares of salesforce.com and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and forty-six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $113.62.

salesforce.com, inc. (NYSE:CRM) opened at $109.02 on Thursday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.08. The stock has a market cap of $77,784.49, a P/E ratio of 10,902.00, a P/E/G ratio of 5.97 and a beta of 1.32. salesforce.com, inc. has a 1-year low of $80.25 and a 1-year high of $114.52.

salesforce.com (NYSE:CRM) last posted its quarterly earnings data on Tuesday, November 21st. The CRM provider reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.65 billion. salesforce.com had a net margin of 0.09% and a return on equity of 2.81%. The firm’s revenue was up 25.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.24 earnings per share. analysts expect that salesforce.com, inc. will post 0.43 EPS for the current year.

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About salesforce.com

Salesforce.com, Inc is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management (CRM). The Company focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies. The Company’s service offerings are configured and integrated with other platforms and enterprise applications.

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

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