salesforce.com, inc. (CRM) Holdings Cut by NN Investment Partners Holdings N.V.

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NN Investment Partners Holdings N.V. reduced its stake in shares of salesforce.com, inc. (NYSE:CRM) by 6.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 70,991 shares of the CRM provider’s stock after selling 5,110 shares during the quarter. NN Investment Partners Holdings N.V.’s holdings in salesforce.com were worth $11,290,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Botty Investors LLC bought a new stake in shares of salesforce.com during the third quarter worth $123,000. Resources Investment Advisors Inc. grew its holdings in shares of salesforce.com by 328.2% during the second quarter. Resources Investment Advisors Inc. now owns 1,259 shares of the CRM provider’s stock worth $172,000 after purchasing an additional 965 shares during the last quarter. CWM LLC grew its holdings in shares of salesforce.com by 95.8% during the second quarter. CWM LLC now owns 1,318 shares of the CRM provider’s stock worth $180,000 after purchasing an additional 645 shares during the last quarter. United Capital Management of KS Inc. bought a new stake in shares of salesforce.com during the third quarter worth $193,000. Finally, Sky Investment Group LLC bought a new stake in shares of salesforce.com during the third quarter worth $204,000. Hedge funds and other institutional investors own 83.01% of the company’s stock.

Several brokerages have recently commented on CRM. Cowen increased their target price on salesforce.com from $170.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, September 27th. Credit Suisse Group set a $175.00 target price on salesforce.com and gave the stock a “buy” rating in a report on Thursday, September 27th. Deutsche Bank increased their target price on salesforce.com from $170.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, September 28th. Piper Jaffray Companies increased their target price on salesforce.com from $180.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, September 28th. Finally, Robert W. Baird increased their target price on salesforce.com from $170.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday, September 28th. Six analysts have rated the stock with a hold rating, thirty-five have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $165.25.

Shares of CRM opened at $137.24 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.23. salesforce.com, inc. has a 1 year low of $98.68 and a 1 year high of $161.19. The stock has a market cap of $100.01 billion, a price-to-earnings ratio of 304.98, a P/E/G ratio of 4.35 and a beta of 1.27.

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

In other salesforce.com news, CEO Marc Benioff sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, October 31st. The stock was sold at an average price of $137.17, for a total transaction of $685,850.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Parker Harris sold 5,711 shares of the firm’s stock in a transaction dated Tuesday, October 30th. The stock was sold at an average price of $130.92, for a total value of $747,684.12. Following the transaction, the insider now owns 27,938 shares in the company, valued at approximately $3,657,642.96. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 18,000 shares of company stock worth $2,703,900 and have sold 513,813 shares worth $77,544,060. 6.00% of the stock is currently owned by company 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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