Whitnell & Co. Purchases New Stake in salesforce.com, inc. (NYSE:CRM)

Whitnell & Co. purchased a new stake in shares of salesforce.com, inc. (NYSE:CRM) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 535 shares of the CRM provider’s stock, valued at approximately $79,000.

A number of other large investors have also recently bought and sold shares of the stock. Buckingham Capital Management Inc. raised its holdings in salesforce.com by 6.2% in the 1st quarter. Buckingham Capital Management Inc. now owns 34,547 shares of the CRM provider’s stock worth $5,471,000 after purchasing an additional 2,028 shares in the last quarter. Neville Rodie & Shaw Inc. raised its holdings in salesforce.com by 1.3% in the 2nd quarter. Neville Rodie & Shaw Inc. now owns 43,265 shares of the CRM provider’s stock worth $6,565,000 after purchasing an additional 548 shares in the last quarter. Thomasville National Bank raised its holdings in salesforce.com by 1.4% in the 2nd quarter. Thomasville National Bank now owns 63,322 shares of the CRM provider’s stock worth $9,608,000 after purchasing an additional 884 shares in the last quarter. Private Trust Co. NA raised its holdings in salesforce.com by 5.3% in the 2nd quarter. Private Trust Co. NA now owns 7,081 shares of the CRM provider’s stock worth $1,074,000 after purchasing an additional 354 shares in the last quarter. Finally, Private Asset Management Inc. raised its holdings in salesforce.com by 5.3% in the 2nd quarter. Private Asset Management Inc. now owns 18,592 shares of the CRM provider’s stock worth $2,821,000 after purchasing an additional 930 shares in the last quarter. Institutional investors own 73.98% of the company’s stock.

CRM stock traded up $0.67 during trading on Monday, hitting $161.78. 3,540,821 shares of the stock traded hands, compared to its average volume of 5,746,244. salesforce.com, inc. has a 1 year low of $113.60 and a 1 year high of $167.56. The firm’s 50 day moving average is $150.88 and its two-hundred day moving average is $153.17. The stock has a market cap of $138.70 billion, a price-to-earnings ratio of 111.57, a price-to-earnings-growth ratio of 6.77 and a beta of 1.22. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.97 and a quick ratio of 0.97.

salesforce.com (NYSE:CRM) last announced its quarterly earnings data on Thursday, August 22nd. The CRM provider reported $0.66 EPS for the quarter, beating the Thomson Reuters’ 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 company had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.96 billion. During the same period in the prior year, the firm posted $0.71 EPS. salesforce.com’s revenue for the quarter was up 21.8% on a year-over-year basis. As a group, analysts anticipate that salesforce.com, inc. will post 1.25 EPS for the current fiscal year.

Several brokerages have commented on CRM. Stifel Nicolaus upped their price objective on shares of salesforce.com from $185.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. BMO Capital Markets upped their price objective 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. Zacks Investment Research lowered shares of salesforce.com from a “buy” rating to a “hold” rating and set a $166.00 price objective for the company. in a report on Thursday, October 31st. Macquarie upped their target price on shares of salesforce.com from $184.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. Finally, SunTrust Banks set a $189.00 target price on shares of salesforce.com and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Three research analysts have rated the stock with a hold rating, thirty-six have given a buy rating and one has issued a strong buy rating to the stock. salesforce.com currently has a consensus rating of “Buy” and a consensus target price of $184.74.

In other news, Director Sanford Robertson sold 25,000 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $155.67, for a total transaction of $3,891,750.00. Following the sale, the director now owns 124,017 shares of the company’s stock, valued at approximately $19,305,726.39. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Alexandre Dayon sold 1,452 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $155.57, for a total transaction of $225,887.64. Following the sale, the insider now directly owns 50,155 shares in the company, valued at approximately $7,802,613.35. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 251,026 shares of company stock worth $37,873,384. Insiders own 5.50% of the company’s stock.

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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