salesforce.com, inc. (CRM) Shares Bought by Huntington National Bank

Huntington National Bank raised its position in shares of salesforce.com, inc. (NYSE:CRM) by 50.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,035 shares of the CRM provider’s stock after acquiring an additional 14,006 shares during the quarter. Huntington National Bank’s holdings in salesforce.com were worth $6,684,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CRM. FMR LLC raised its holdings in shares of salesforce.com by 3.5% during the second 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. raised its holdings in shares of salesforce.com by 5.2% during the second quarter. BlackRock Inc. now owns 44,655,653 shares of the CRM provider’s stock valued at $6,091,032,000 after acquiring an additional 2,212,408 shares during the last quarter. OppenheimerFunds Inc. raised its holdings in shares of salesforce.com by 13,746.1% during the second quarter. OppenheimerFunds Inc. now owns 1,034,856 shares of the CRM provider’s stock valued at $141,154,000 after acquiring an additional 1,027,382 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of salesforce.com by 14.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 7,533,328 shares of the CRM provider’s stock valued at $1,027,545,000 after acquiring an additional 961,104 shares during the last quarter. Finally, Mainstay Capital Management LLC ADV raised its holdings in shares of salesforce.com by 7,692.8% during the second quarter. Mainstay Capital Management LLC ADV now owns 931,003 shares of the CRM provider’s stock valued at $7,081,000 after acquiring an additional 919,056 shares during the last quarter. 82.86% of the stock is owned by institutional investors and hedge funds.

Shares of salesforce.com stock opened at $140.49 on Friday. The company has a market capitalization of $108.09 billion, a P/E ratio of 122.08, a price-to-earnings-growth ratio of 4.70 and a beta of 1.27. salesforce.com, inc. has a fifty-two week low of $97.33 and a fifty-two week high of $161.19. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.23.

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

In other salesforce.com news, CAO Joe Allanson sold 272 shares of the company’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $151.53, for a total transaction of $41,216.16. Following the transaction, the chief accounting officer now directly owns 30,310 shares in the company, valued at $4,592,874.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Marc Benioff sold 5,000 shares of the company’s stock in a transaction on Monday, July 23rd. The stock was sold at an average price of $146.86, for a total value of $734,300.00. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 24,000 shares of company stock valued at $3,581,220 and sold 537,576 shares valued at $81,374,673. Corporate insiders own 6.00% of the company’s stock.

A number of equities analysts have commented on CRM shares. BMO Capital Markets increased their target price on salesforce.com from $147.00 to $152.00 and gave the company a “market perform” rating in a report on Thursday, June 28th. Canaccord Genuity reissued a “buy” rating on shares of salesforce.com in a report on Thursday, June 28th. JMP Securities increased their target price on salesforce.com from $140.00 to $163.00 and gave the company an “outperform” rating in a report on Tuesday, July 10th. Robert W. Baird increased their target price on salesforce.com from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, July 11th. Finally, Oppenheimer increased their target price on salesforce.com from $152.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, July 11th. Six analysts have rated the stock with a hold rating, thirty-four have given a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $164.85.

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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