salesforce.com, inc. (NYSE:CRM) Shares Sold by Psagot Investment House Ltd.

Psagot Investment House Ltd. cut its position in salesforce.com, inc. (NYSE:CRM) by 18.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 866 shares of the CRM provider’s stock after selling 191 shares during the quarter. Psagot Investment House Ltd.’s holdings in salesforce.com were worth $141,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CRM. Assetmark Inc. raised its stake in salesforce.com by 21.0% during the 4th quarter. Assetmark Inc. now owns 328 shares of the CRM provider’s stock valued at $53,000 after acquiring an additional 57 shares during the last quarter. Blackhawk Capital Partners LLC. raised its stake in salesforce.com by 0.4% during the 4th quarter. Blackhawk Capital Partners LLC. now owns 14,747 shares of the CRM provider’s stock valued at $2,189,000 after acquiring an additional 58 shares during the last quarter. Earnest Partners LLC raised its stake in salesforce.com by 17.0% during the 4th quarter. Earnest Partners LLC now owns 419 shares of the CRM provider’s stock valued at $68,000 after acquiring an additional 61 shares during the last quarter. Ballentine Partners LLC raised its stake in salesforce.com by 0.7% during the 4th quarter. Ballentine Partners LLC now owns 9,098 shares of the CRM provider’s stock valued at $1,480,000 after acquiring an additional 64 shares during the last quarter. Finally, Highland Private Wealth Management raised its stake in salesforce.com by 2.5% during the 4th quarter. Highland Private Wealth Management now owns 2,650 shares of the CRM provider’s stock valued at $431,000 after acquiring an additional 65 shares during the last quarter. 82.25% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Alexandre Dayon sold 848 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $183.35, for a total transaction of $155,480.80. Following the sale, the insider now owns 73,436 shares in the company, valued at $13,464,490.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Amy E. Weaver sold 10,864 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $163.92, for a total value of $1,780,826.88. Following the sale, the general counsel now owns 47,034 shares in the company, valued at approximately $7,709,813.28. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 3,300 shares of company stock worth $566,544 and have sold 403,088 shares worth $69,427,979. 5.50% of the stock is owned by company insiders.

NYSE CRM traded down $6.58 during mid-day trading on Wednesday, hitting $147.06. The stock had a trading volume of 10,633,678 shares, compared to its average volume of 7,154,644. salesforce.com, inc. has a 52-week low of $115.29 and a 52-week high of $195.72. The company has a market cap of $125.77 billion, a price-to-earnings ratio of 735.34, a P/E/G ratio of 5.97 and a beta of 1.07. The company has a 50 day simple moving average of $169.75 and a 200 day simple moving average of $163.37. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.08.

salesforce.com (NYSE:CRM) last announced its earnings results on Tuesday, February 25th. The CRM provider reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.10. The firm had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.75 billion. salesforce.com had a return on equity of 3.61% and a net margin of 0.74%. During the same quarter in the prior year, the firm earned $0.70 EPS. As a group, equities analysts anticipate that salesforce.com, inc. will post 1.28 earnings per share for the current fiscal year.

CRM has been the subject of several analyst reports. Roth Capital upped their price objective on salesforce.com from to in a research note on Wednesday, February 26th. Robert W. Baird upped their price objective on salesforce.com from $200.00 to $210.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. Deutsche Bank upped their price objective on salesforce.com from $185.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Cfra raised salesforce.com from a “buy” rating to a “strong-buy” rating and increased their target price for the stock from $195.00 to $222.00 in a research note on Friday, February 28th. Finally, Edward Jones assumed coverage on salesforce.com in a research note on Friday, February 28th. They set a “buy” rating for the company. Three research analysts have rated the stock with a hold rating, forty have issued a buy rating and three have given a strong buy rating to the stock. salesforce.com presently has a consensus rating of “Buy” and a consensus target price of $200.71.

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.

Further Reading: Cost of Equity

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

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