Calamos Wealth Management LLC lifted its holdings in shares of salesforce.com, inc. (NYSE:CRM) by 76.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,991 shares of the CRM provider’s stock after buying an additional 14,693 shares during the period. Calamos Wealth Management LLC’s holdings in salesforce.com were worth $4,656,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. FMR LLC grew its holdings in salesforce.com by 3.5% during the 2nd quarter. FMR LLC now owns 89,621,104 shares of the CRM provider’s stock valued at $12,224,319,000 after buying an additional 3,066,099 shares during the last quarter. Vanguard Group Inc. grew its holdings in salesforce.com by 4.6% during the 3rd quarter. Vanguard Group Inc. now owns 54,471,296 shares of the CRM provider’s stock valued at $8,662,570,000 after buying an additional 2,398,648 shares during the last quarter. Vanguard Group Inc grew its holdings in salesforce.com by 4.6% during the 3rd quarter. Vanguard Group Inc now owns 54,471,296 shares of the CRM provider’s stock valued at $8,662,570,000 after buying an additional 2,398,648 shares during the last quarter. BlackRock Inc. grew its holdings in salesforce.com by 5.1% during the 3rd quarter. BlackRock Inc. now owns 46,948,526 shares of the CRM provider’s stock valued at $7,466,224,000 after buying an additional 2,292,873 shares during the last quarter. Finally, Morgan Stanley grew its holdings in salesforce.com by 2.0% during the 3rd quarter. Morgan Stanley now owns 14,792,319 shares of the CRM provider’s stock valued at $2,352,421,000 after buying an additional 296,317 shares during the last quarter. 82.23% of the stock is owned by institutional investors and hedge funds.
In other salesforce.com news, insider Amy E. Weaver sold 5,325 shares of the company’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $128.71, for a total value of $685,380.75. Following the transaction, the insider now owns 27,432 shares of the company’s stock, valued at $3,530,772.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Marc Benioff sold 15,000 shares of salesforce.com stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $157.10, for a total transaction of $2,356,500.00. The disclosure for this sale can be found here. Insiders sold 531,829 shares of company stock worth $73,328,115 in the last ninety days. 6.00% of the stock is owned by corporate insiders.
Shares of NYSE:CRM opened at $156.67 on Friday. salesforce.com, inc. has a 12 month low of $102.37 and a 12 month high of $161.19. The company has a market cap of $119.85 billion, a P/E ratio of 122.40, a PEG ratio of 5.08 and a beta of 1.37. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.22.
salesforce.com (NYSE:CRM) last announced its earnings results on Tuesday, November 27th. The CRM provider reported $0.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.11. The firm had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.37 billion. salesforce.com had a return on equity of 8.06% and a net margin of 6.51%. The firm’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.39 earnings per share. As a group, analysts anticipate that salesforce.com, inc. will post 1.32 earnings per share for the current fiscal year.
Several equities research analysts have recently issued reports on the company. Zacks Investment Research restated a “hold” rating on shares of salesforce.com in a report on Monday, November 12th. Robert W. Baird cut their target price on salesforce.com from $180.00 to $165.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 28th. Sanford C. Bernstein reaffirmed a “neutral” rating and issued a $149.00 target price on shares of salesforce.com in a research report on Wednesday, November 28th. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $160.00 target price on shares of salesforce.com in a research report on Wednesday, November 28th. Finally, TheStreet raised salesforce.com from a “c+” rating to a “b” rating in a research report on Thursday, January 31st. Three investment analysts have rated the stock with a hold rating, thirty-six have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $170.38.
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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