salesforce.com, inc. (NYSE:CRM) Shares Acquired by Citizens Financial Group Inc RI

Citizens Financial Group Inc RI increased its stake in salesforce.com, inc. (NYSE:CRM) by 19.2% during the 1st quarter, Holdings Channel reports. The fund owned 2,971 shares of the CRM provider’s stock after purchasing an additional 478 shares during the quarter. Citizens Financial Group Inc RI’s holdings in salesforce.com were worth $427,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Assetmark Inc. grew its holdings in shares of salesforce.com by 21.0% during the fourth quarter. Assetmark Inc. now owns 328 shares of the CRM provider’s stock worth $53,000 after purchasing an additional 57 shares during the last quarter. Blackhawk Capital Partners LLC. grew its holdings in shares of salesforce.com by 0.4% during the fourth quarter. Blackhawk Capital Partners LLC. now owns 14,747 shares of the CRM provider’s stock worth $2,189,000 after buying an additional 58 shares during the last quarter. Shepherd Financial Partners LLC grew its holdings in shares of salesforce.com by 0.8% during the first quarter. Shepherd Financial Partners LLC now owns 7,907 shares of the CRM provider’s stock worth $1,136,000 after buying an additional 59 shares during the last quarter. Earnest Partners LLC grew its holdings in shares of salesforce.com by 17.0% during the fourth quarter. Earnest Partners LLC now owns 419 shares of the CRM provider’s stock worth $68,000 after buying an additional 61 shares during the last quarter. Finally, Buckingham Asset Management LLC grew its holdings in shares of salesforce.com by 1.4% during the first quarter. Buckingham Asset Management LLC now owns 4,667 shares of the CRM provider’s stock worth $672,000 after buying an additional 63 shares during the last quarter. Institutional investors and hedge funds own 81.92% of the company’s stock.

Shares of NYSE CRM opened at $175.26 on Friday. salesforce.com, inc. has a 52-week low of $115.29 and a 52-week high of $195.72. The firm has a fifty day moving average of $158.63 and a 200-day moving average of $165.54. The stock has a market capitalization of $159.04 billion, a PE ratio of 876.34, a P/E/G ratio of 8.07 and a beta of 1.07. 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 quarterly earnings data on Tuesday, February 25th. The CRM provider reported $0.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.10. salesforce.com had a net margin of 0.74% and a return on equity of 3.61%. The company had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.75 billion. During the same period in the previous year, the company earned $0.70 EPS. Equities research analysts expect that salesforce.com, inc. will post 1.22 EPS for the current fiscal year.

In related news, insider Amy E. Weaver sold 5,000 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $172.50, for a total transaction of $862,500.00. Following the completion of the sale, the insider now directly owns 31,573 shares of the company’s stock, valued at approximately $5,446,342.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Alexandre Dayon sold 848 shares of the company’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 directly owns 73,436 shares of the company’s stock, valued at $13,464,490.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 413,535 shares of company stock valued at $65,708,070. 4.40% of the stock is owned by corporate insiders.

A number of equities analysts recently issued reports on CRM shares. Robert W. Baird raised their price target on salesforce.com from $200.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. Credit Suisse Group restated a “buy” rating and issued a $215.00 price objective on shares of salesforce.com in a research report on Wednesday, February 26th. Cfra upgraded shares of salesforce.com from a “buy” rating to a “strong-buy” rating and raised their price objective for the company from $195.00 to $222.00 in a research report on Friday, February 28th. JPMorgan Chase & Co. restated a “buy” rating and issued a $200.00 price objective on shares of salesforce.com in a research report on Wednesday, February 26th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $205.00 price objective on shares of salesforce.com in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-eight have issued a buy rating and two have assigned a strong buy rating to the stock. salesforce.com currently has a consensus rating of “Buy” and an average target price of $198.69.

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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