61,671 Shares in Salesforce.com Inc (CRM) Purchased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. bought a new position in shares of Salesforce.com Inc (NYSE:CRM) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 61,671 shares of the CRM provider’s stock, valued at approximately $5,761,000.

A number of other hedge funds have also recently modified their holdings of the business. Sumitomo Mitsui Asset Management Company LTD increased its position in shares of Salesforce.com by 2.0% during the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,763,300 shares of the CRM provider’s stock valued at $164,727,000 after acquiring an additional 33,859 shares during the last quarter. Honeywell International Inc. grew its holdings in shares of Salesforce.com by 64.3% in the third quarter. Honeywell International Inc. now owns 204,400 shares of the CRM provider’s stock valued at $19,095,000 after purchasing an additional 80,000 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Salesforce.com by 8.1% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 288,562 shares of the CRM provider’s stock valued at $26,957,000 after purchasing an additional 21,733 shares in the last quarter. Pictet Asset Management Ltd. grew its holdings in shares of Salesforce.com by 12.7% in the third quarter. Pictet Asset Management Ltd. now owns 1,335,626 shares of the CRM provider’s stock valued at $124,774,000 after purchasing an additional 150,335 shares in the last quarter. Finally, First Quadrant L P CA grew its holdings in shares of Salesforce.com by 0.9% in the third quarter. First Quadrant L P CA now owns 77,111 shares of the CRM provider’s stock valued at $7,204,000 after purchasing an additional 687 shares in the last quarter. 86.06% of the stock is currently owned by institutional investors.

In related news, insider Amy E. Weaver sold 681 shares of the business’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $98.75, for a total value of $67,248.75. Following the completion of the sale, the insider now directly owns 1,517 shares in the company, valued at approximately $149,803.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Alexandre Dayon sold 124,331 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $99.00, for a total value of $12,308,769.00. Following the completion of the sale, the insider now owns 154,406 shares of the company’s stock, valued at $15,286,194. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 534,173 shares of company stock valued at $51,367,596. 6.20% of the stock is owned by corporate insiders.

Salesforce.com (NYSE:CRM) last announced its quarterly earnings results on Tuesday, August 22nd. The CRM provider reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.24. The business had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.52 billion. Salesforce.com had a positive return on equity of 1.83% and a negative net margin of 0.85%. The firm’s revenue was up 25.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.24 EPS.

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CRM has been the subject of a number of research reports. J P Morgan Chase & Co restated a “buy” rating and issued a $95.00 price objective on shares of Salesforce.com in a report on Wednesday, August 23rd. Drexel Hamilton restated a “buy” rating and issued a $111.00 price objective on shares of Salesforce.com in a report on Wednesday, August 23rd. Piper Jaffray Companies restated a “buy” rating and issued a $115.00 price objective on shares of Salesforce.com in a report on Wednesday. Vetr cut shares of Salesforce.com from a “strong-buy” rating to a “buy” rating and set a $97.77 price objective for the company. in a report on Tuesday, July 11th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $90.00 price objective (down previously from $95.00) on shares of Salesforce.com in a report on Wednesday, August 23rd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and forty-six have given a buy rating to the company’s stock. Salesforce.com presently has a consensus rating of “Buy” and an average target price of $103.43.

Salesforce.com Profile

Salesforce.com, inc. is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management (CRM). The Company focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies. The Company’s service offerings are configured and integrated with other platforms and enterprise applications.

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

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