Canton Hathaway LLC Acquires 200 Shares of salesforce.com, inc. (NYSE:CRM)

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Canton Hathaway LLC grew its holdings in shares of salesforce.com, inc. (NYSE:CRM) by 20.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,200 shares of the CRM provider’s stock after purchasing an additional 200 shares during the quarter. Canton Hathaway LLC’s holdings in salesforce.com were worth $178,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in CRM. FMR LLC raised its holdings in salesforce.com by 0.8% in the 1st quarter. FMR LLC now owns 89,716,274 shares of the CRM provider’s stock worth $14,208,366,000 after acquiring an additional 698,321 shares during the period. Vanguard Group Inc. raised its holdings in salesforce.com by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 58,771,856 shares of the CRM provider’s stock worth $8,917,454,000 after acquiring an additional 1,491,307 shares during the period. BlackRock Inc. raised its holdings in salesforce.com by 4.7% in the 2nd quarter. BlackRock Inc. now owns 56,165,345 shares of the CRM provider’s stock worth $8,521,967,000 after acquiring an additional 2,499,996 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in salesforce.com by 13.5% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 33,910,865 shares of the CRM provider’s stock worth $5,145,296,000 after acquiring an additional 4,046,077 shares during the period. Finally, Jennison Associates LLC raised its holdings in salesforce.com by 8.4% in the 2nd quarter. Jennison Associates LLC now owns 21,575,462 shares of the CRM provider’s stock worth $3,273,645,000 after acquiring an additional 1,673,392 shares during the period. Institutional investors and hedge funds own 73.65% of the company’s stock.

CRM has been the topic of several recent analyst reports. BMO Capital Markets lifted their target price on shares of salesforce.com from $185.00 to $188.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. Stephens set a $184.00 target price on shares of salesforce.com and gave the stock a “buy” rating in a report on Friday, August 23rd. UBS Group set a $190.00 target price on shares of salesforce.com and gave the stock a “buy” rating in a report on Friday, August 23rd. Wedbush reiterated an “outperform” rating and issued a $184.00 target price (down previously from $192.00) on shares of salesforce.com in a report on Tuesday, August 20th. Finally, Barclays lifted their target price on shares of salesforce.com from $182.00 to $184.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. Three analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. salesforce.com currently has an average rating of “Buy” and a consensus price target of $184.31.

In other salesforce.com news, Director Craig Conway sold 200 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $158.85, for a total value of $31,770.00. Following the transaction, the director now directly owns 9,336 shares in the company, valued at $1,483,023.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Joe Allanson sold 167 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $154.07, for a total transaction of $25,729.69. Following the completion of the transaction, the chief accounting officer now owns 30,958 shares in the company, valued at $4,769,699.06. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 282,339 shares of company stock worth $42,770,272. 5.50% of the stock is owned by company insiders.

Shares of salesforce.com stock opened at $149.37 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.97 and a current ratio of 0.97. The firm’s 50-day simple moving average is $151.31 and its 200-day simple moving average is $154.13. salesforce.com, inc. has a twelve month low of $113.60 and a twelve month high of $167.56. The firm has a market cap of $127.96 billion, a P/E ratio of 103.01, a price-to-earnings-growth ratio of 5.64 and a beta of 1.23.

salesforce.com (NYSE:CRM) last issued its earnings results on Thursday, August 22nd. The CRM provider reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.57. salesforce.com had a net margin of 6.45% and a return on equity of 7.26%. The business had revenue of $4 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same period in the previous year, the business earned $0.71 EPS. The firm’s revenue was up 21.8% on a year-over-year basis. On average, equities analysts forecast that salesforce.com, inc. will post 1.25 earnings per share for the current fiscal year.

salesforce.com Company 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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