salesforce.com, inc. (NYSE:CRM) Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lifted its holdings in salesforce.com, inc. (NYSE:CRM) by 8.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 83,560 shares of the CRM provider’s stock after purchasing an additional 6,656 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in salesforce.com were worth $7,806,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Janus Henderson Group PLC lifted its position in shares of salesforce.com by 911.7% during the second quarter. Janus Henderson Group PLC now owns 12,759,741 shares of the CRM provider’s stock worth $1,104,945,000 after purchasing an additional 11,498,509 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of salesforce.com by 17.0% in the second quarter. Jennison Associates LLC now owns 18,819,812 shares of the CRM provider’s stock valued at $1,629,796,000 after acquiring an additional 2,740,329 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of salesforce.com by 5.2% in the second quarter. Vanguard Group Inc. now owns 46,149,530 shares of the CRM provider’s stock valued at $3,996,548,000 after acquiring an additional 2,268,623 shares in the last quarter. Tybourne Capital Management HK Ltd. raised its holdings in shares of salesforce.com by 76.5% in the second quarter. Tybourne Capital Management HK Ltd. now owns 4,738,144 shares of the CRM provider’s stock valued at $410,323,000 after acquiring an additional 2,053,200 shares in the last quarter. Finally, Coatue Management LLC bought a new stake in shares of salesforce.com in the second quarter valued at about $94,297,000. Institutional investors own 85.57% of the company’s stock.

In other salesforce.com news, insider Cynthia G. Robbins sold 3,242 shares of salesforce.com stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $102.70, for a total value of $332,953.40. Following the transaction, the insider now directly owns 230 shares in the company, valued at approximately $23,621. The sale was disclosed in a document filed 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 value of $944,000.00. Following the completion of the transaction, the insider now owns 24,154 shares in the company, valued at $2,280,137.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 655,922 shares of company stock worth $67,729,156. Company insiders own 6.20% of the company’s stock.

Several equities analysts have issued reports on the company. Vetr lowered salesforce.com from a “hold” rating to a “sell” rating and set a $104.56 target price on the stock. in a research note on Tuesday, November 21st. BMO Capital Markets boosted their price target on salesforce.com from $112.00 to $118.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 22nd. Piper Jaffray Companies restated an “overweight” rating and set a $135.00 price target on shares of salesforce.com in a research note on Wednesday, November 22nd. KeyCorp restated an “overweight” rating and set a $124.00 price target (up previously from $108.00) on shares of salesforce.com in a research note on Wednesday, November 22nd. Finally, Royal Bank of Canada boosted their price target on salesforce.com from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 22nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and forty-four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $112.59.

salesforce.com, inc. (NYSE:CRM) traded down $0.56 during mid-day trading on Friday, reaching $102.23. The company’s stock had a trading volume of 2,478,277 shares, compared to its average volume of 4,028,437. 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 firm has a market cap of $74,245.23, a price-to-earnings ratio of 10,223.00, a P/E/G ratio of 9.60 and a beta of 1.24. salesforce.com, inc. has a 52 week low of $68.23 and a 52 week high of $109.19.

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

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

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