Public Employees Retirement System of Ohio Grows Position in salesforce.com, inc. (CRM)

Public Employees Retirement System of Ohio grew its position in salesforce.com, inc. (NYSE:CRM) by 0.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 469,967 shares of the CRM provider’s stock after purchasing an additional 1,697 shares during the period. Public Employees Retirement System of Ohio owned about 0.07% of salesforce.com worth $43,904,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CRM. Vanguard Group Inc. increased its position in shares of salesforce.com by 5.2% during the second quarter. Vanguard Group Inc. now owns 46,149,530 shares of the CRM provider’s stock worth $3,996,548,000 after acquiring an additional 2,268,623 shares in the last quarter. Jennison Associates LLC increased its position in shares of salesforce.com by 17.0% during the second quarter. Jennison Associates LLC now owns 18,819,812 shares of the CRM provider’s stock worth $1,629,796,000 after acquiring an additional 2,740,329 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of salesforce.com by 5.3% during the third quarter. Janus Henderson Group PLC now owns 13,435,212 shares of the CRM provider’s stock worth $1,255,082,000 after acquiring an additional 675,471 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in shares of salesforce.com by 6.8% during the second quarter. TIAA CREF Investment Management LLC now owns 9,344,787 shares of the CRM provider’s stock worth $809,259,000 after acquiring an additional 592,409 shares in the last quarter. Finally, Winslow Capital Management LLC increased its position in shares of salesforce.com by 12.0% during the second quarter. Winslow Capital Management LLC now owns 6,266,919 shares of the CRM provider’s stock worth $542,715,000 after acquiring an additional 670,197 shares in the last quarter. Institutional investors own 85.57% of the company’s stock.

In related news, insider Parker Harris sold 8,026 shares of salesforce.com stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $94.92, for a total transaction of $761,827.92. Following the sale, the insider now directly owns 19,261 shares of the company’s stock, valued at approximately $1,828,254.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Keith Block sold 10,000 shares of salesforce.com stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $94.40, for a total transaction of $944,000.00. Following the sale, the insider now directly owns 24,154 shares in the company, valued at $2,280,137.60. The disclosure for this sale can be found here. Insiders sold a total of 655,922 shares of company stock valued at $67,729,156 over the last 90 days. Corporate insiders own 6.20% of the company’s stock.

Shares of salesforce.com, inc. (NYSE CRM) traded down $0.56 during trading hours on Friday, hitting $102.23. 2,478,277 shares of the stock traded hands, compared to its average volume of 4,028,437. The firm has a market cap of $74,245.23, a PE ratio of 10,223.00, a PEG ratio of 9.60 and a beta of 1.24. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.08. salesforce.com, inc. has a one year low of $68.23 and a one year high of $109.19.

salesforce.com (NYSE:CRM) last issued its earnings results on Tuesday, November 21st. The CRM provider reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. The company had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.65 billion. salesforce.com had a net margin of 0.09% and a return on equity of 2.81%. The business’s revenue for the quarter was up 25.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.24 EPS. sell-side analysts forecast that salesforce.com, inc. will post 0.43 EPS for the current fiscal year.

Several equities research analysts have recently issued reports on CRM shares. Vetr downgraded shares of salesforce.com from a “buy” rating to a “hold” rating and set a $107.78 price objective for the company. in a research report on Monday, December 11th. Piper Jaffray Companies reissued a “buy” rating and set a $115.00 price objective on shares of salesforce.com in a research report on Wednesday, November 1st. Canaccord Genuity reissued a “buy” rating on shares of salesforce.com in a research report on Monday, September 11th. Cowen reissued a “buy” rating and set a $118.00 price objective on shares of salesforce.com in a research report on Tuesday, November 21st. Finally, Oppenheimer reaffirmed a “buy” rating and issued a $125.00 target price (up previously from $100.00) on shares of salesforce.com in a research report on Wednesday, November 22nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and forty-four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $112.59.

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salesforce.com Profile

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.

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

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