Decatur Capital Management Inc. Purchases Shares of 58,450 salesforce.com, inc. (CRM)

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Decatur Capital Management Inc. purchased a new position in shares of salesforce.com, inc. (NYSE:CRM) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 58,450 shares of the CRM provider’s stock, valued at approximately $9,295,000. salesforce.com makes up 2.1% of Decatur Capital Management Inc.’s portfolio, making the stock its 13th largest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Atlas Brown Inc. lifted its position in shares of salesforce.com by 11.6% during the 2nd quarter. Atlas Brown Inc. now owns 3,328 shares of the CRM provider’s stock worth $474,000 after buying an additional 345 shares during the last quarter. Lyell Wealth Management LP lifted its position in shares of salesforce.com by 0.9% during the 2nd quarter. Lyell Wealth Management LP now owns 37,483 shares of the CRM provider’s stock worth $5,113,000 after buying an additional 348 shares during the last quarter. Newport Wealth Strategies Inc. lifted its position in shares of salesforce.com by 17.7% during the 2nd quarter. Newport Wealth Strategies Inc. now owns 2,349 shares of the CRM provider’s stock worth $320,000 after buying an additional 353 shares during the last quarter. Zeke Capital Advisors LLC lifted its position in shares of salesforce.com by 2.2% during the 2nd quarter. Zeke Capital Advisors LLC now owns 16,324 shares of the CRM provider’s stock worth $2,227,000 after buying an additional 356 shares during the last quarter. Finally, Arthur M. Cohen & Associates LLC lifted its position in shares of salesforce.com by 4.5% during the 3rd quarter. Arthur M. Cohen & Associates LLC now owns 8,591 shares of the CRM provider’s stock worth $1,366,000 after buying an additional 370 shares during the last quarter. Institutional investors own 83.01% of the company’s stock.

Several brokerages have recently weighed in on CRM. Nomura began coverage on shares of salesforce.com in a research report on Monday, October 29th. They set a “buy” rating and a $181.00 price objective for the company. JMP Securities boosted their price objective on shares of salesforce.com from $140.00 to $163.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 10th. Jefferies Financial Group boosted their price objective on shares of salesforce.com to $168.00 and gave the stock a “buy” rating in a research report on Wednesday, August 22nd. TheStreet downgraded shares of salesforce.com from a “b-” rating to a “c+” rating in a research report on Friday, October 26th. Finally, UBS Group boosted their price objective on shares of salesforce.com from $153.00 to $168.00 and gave the stock a “buy” rating in a research report on Wednesday, August 15th. Six investment analysts have rated the stock with a hold rating, thirty-five have given 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 an average price target of $165.25.

CRM stock opened at $133.95 on Wednesday. salesforce.com, inc. has a 12 month low of $98.68 and a 12 month high of $161.19. The firm has a market capitalization of $103.51 billion, a P/E ratio of 297.67, a price-to-earnings-growth ratio of 4.50 and a beta of 1.38. 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 announced its quarterly earnings data on Wednesday, August 29th. The CRM provider reported $0.71 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.24. The company had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.23 billion. salesforce.com had a net margin of 6.45% and a return on equity of 8.27%. salesforce.com’s quarterly revenue was up 27.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.33 EPS. On average, equities research analysts forecast that salesforce.com, inc. will post 1.22 earnings per share for the current fiscal 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 shares were sold at an average price of $151.53, for a total transaction of $41,216.16. Following the completion of the transaction, the chief accounting officer now owns 30,310 shares in the company, valued at approximately $4,592,874.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Amy E. Weaver sold 5,325 shares of the company’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $160.11, for a total transaction of $852,585.75. Following the transaction, the insider now owns 26,798 shares of the company’s stock, valued at approximately $4,290,627.78. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 18,000 shares of company stock valued at $2,703,900 and have sold 501,298 shares valued at $75,593,047. 6.00% of the stock is currently owned by corporate insiders.

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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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