salesforce.com, inc. (CRM) Position Decreased by Oakbrook Investments LLC

Oakbrook Investments LLC lessened its holdings in salesforce.com, inc. (NYSE:CRM) by 5.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,936 shares of the CRM provider’s stock after selling 2,000 shares during the period. Oakbrook Investments LLC’s holdings in salesforce.com were worth $5,850,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Flinton Capital Management LLC boosted its holdings in salesforce.com by 17.5% in the 4th quarter. Flinton Capital Management LLC now owns 73,056 shares of the CRM provider’s stock worth $10,006,000 after buying an additional 10,864 shares during the last quarter. Piedmont Investment Advisors Inc. boosted its holdings in shares of salesforce.com by 5.7% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 93,507 shares of the CRM provider’s stock worth $12,808,000 after purchasing an additional 5,063 shares during the last quarter. Heritage Investors Management Corp boosted its holdings in shares of salesforce.com by 10.0% during the 1st quarter. Heritage Investors Management Corp now owns 34,427 shares of the CRM provider’s stock worth $5,452,000 after purchasing an additional 3,143 shares during the last quarter. Putnam FL Investment Management Co. boosted its holdings in shares of salesforce.com by 0.5% during the 4th quarter. Putnam FL Investment Management Co. now owns 21,392 shares of the CRM provider’s stock worth $2,930,000 after purchasing an additional 97 shares during the last quarter. Finally, Redpoint Investment Management Pty Ltd boosted its holdings in shares of salesforce.com by 10.7% during the 4th quarter. Redpoint Investment Management Pty Ltd now owns 55,648 shares of the CRM provider’s stock worth $7,622,000 after purchasing an additional 5,398 shares during the last quarter. Hedge funds and other institutional investors own 83.02% of the company’s stock.

In other news, CEO Marc Benioff sold 5,000 shares of the stock in a transaction dated Tuesday, January 22nd. The shares were sold at an average price of $149.47, for a total transaction of $747,350.00. Following the completion of the sale, the chief executive officer now owns 27,705 shares in the company, valued at $4,141,066.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Srinivas Tallapragada sold 362 shares of the stock in a transaction dated Wednesday, January 23rd. The stock was sold at an average price of $149.15, for a total transaction of $53,992.30. Following the sale, the insider now owns 1,517 shares of the company’s stock, valued at approximately $226,260.55. The disclosure for this sale can be found here. Insiders sold 445,691 shares of company stock valued at $70,458,306 in the last 90 days. 6.00% of the stock is currently owned by insiders.

Several research analysts have recently weighed in on CRM shares. Goldman Sachs Group restated a “buy” rating and set a $178.00 target price on shares of salesforce.com in a report on Monday, March 4th. TheStreet upgraded salesforce.com from a “c+” rating to a “b” rating in a report on Thursday, January 31st. Wedbush restated an “outperform” rating and set a $166.00 target price on shares of salesforce.com in a report on Monday, January 7th. Pivotal Research upgraded salesforce.com from a “hold” rating to a “buy” rating and boosted their target price for the stock from $140.00 to $164.00 in a report on Monday, January 7th. Finally, Macquarie boosted their target price on salesforce.com from $174.00 to $188.00 and gave the stock an “outperform” rating in a report on Tuesday, March 5th. Three research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and one has assigned a strong buy rating to the company. salesforce.com has an average rating of “Buy” and a consensus price target of $177.82.

NYSE CRM opened at $155.99 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.95 and a quick ratio of 0.95. salesforce.com, inc. has a 1 year low of $113.60 and a 1 year high of $166.99. The firm has a market capitalization of $120.23 billion, a price-to-earnings ratio of 107.58, a P/E/G ratio of 5.34 and a beta of 1.39.

salesforce.com (NYSE:CRM) last released its quarterly earnings data on Monday, March 4th. The CRM provider reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.14. salesforce.com had a net margin of 8.36% and a return on equity of 8.42%. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.56 billion. During the same quarter in the prior year, the firm posted $0.35 earnings per share. On average, sell-side analysts anticipate that salesforce.com, inc. will post 1.31 EPS for the current fiscal year.

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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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