Nelson Roberts Investment Advisors LLC Has $6.42 Million Stake in salesforce.com, inc. (NYSE:CRM)

Nelson Roberts Investment Advisors LLC trimmed its holdings in shares of salesforce.com, inc. (NYSE:CRM) by 0.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,463 shares of the CRM provider’s stock after selling 81 shares during the period. Nelson Roberts Investment Advisors LLC’s holdings in salesforce.com were worth $6,418,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in salesforce.com by 4.7% during 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 in the last quarter. State Street Corp increased its holdings in salesforce.com by 2.2% during the 4th quarter. State Street Corp now owns 35,429,991 shares of the CRM provider’s stock valued at $5,762,334,000 after purchasing an additional 762,963 shares in the last quarter. Baillie Gifford & Co. increased its holdings in salesforce.com by 4.9% during the 4th quarter. Baillie Gifford & Co. now owns 5,389,563 shares of the CRM provider’s stock valued at $876,558,000 after purchasing an additional 251,455 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in salesforce.com by 2.9% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,225,781 shares of the CRM provider’s stock valued at $687,281,000 after purchasing an additional 119,839 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in salesforce.com by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,928,963 shares of the CRM provider’s stock valued at $639,007,000 after purchasing an additional 146,967 shares in the last quarter. 81.92% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:CRM traded down $1.75 during midday trading on Friday, hitting $170.40. The company had a trading volume of 12,640,480 shares, compared to its average volume of 5,569,227. salesforce.com, inc. has a 12 month low of $137.87 and a 12 month high of $195.72. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.16. The stock has a market cap of $158.66 billion, a price-to-earnings ratio of 852.04, a PEG ratio of 7.61 and a beta of 1.19. The firm has a fifty day simple moving average of $184.77 and a 200 day simple moving average of $162.77.

salesforce.com (NYSE:CRM) last posted its quarterly earnings results on Tuesday, February 25th. The CRM provider reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.10. salesforce.com had a return on equity of 4.07% and a net margin of 0.74%. The business had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.75 billion. During the same period last year, the company earned $0.70 EPS. Equities analysts forecast that salesforce.com, inc. will post 1.25 EPS for the current fiscal year.

A number of equities research analysts recently weighed in on the company. Argus raised their price target on salesforce.com from $180.00 to $215.00 and gave the company a “buy” rating in a report on Thursday. Cross Research reissued an “outperform” rating on shares of salesforce.com in a research note on Thursday, December 5th. Oppenheimer lifted their target price on salesforce.com from $190.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, January 17th. Roth Capital lifted their target price on salesforce.com from to in a research note on Wednesday. Finally, Sanford C. Bernstein reissued a “neutral” rating and issued a $180.00 target price on shares of salesforce.com in a research note on Wednesday. Four analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $204.49.

In other news, insider Alexandre Dayon sold 20,729 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $161.99, for a total value of $3,357,890.71. Following the transaction, the insider now directly owns 72,680 shares in the company, valued at approximately $11,773,433.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Marc Benioff sold 10,000 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $178.73, for a total value of $1,787,300.00. The disclosure for this sale can be found here. Insiders sold a total of 505,315 shares of company stock worth $87,176,376 over the last 90 days. 5.50% of the stock is owned by corporate insiders.

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.

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

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