Middleton & Co Inc MA Reduces Position in salesforce.com, inc. (CRM)

Middleton & Co Inc MA cut its position in salesforce.com, inc. (NYSE:CRM) by 3.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 82,390 shares of the CRM provider’s stock after selling 2,654 shares during the period. salesforce.com, inc. makes up about 1.5% of Middleton & Co Inc MA’s investment portfolio, making the stock its 22nd largest position. Middleton & Co Inc MA’s holdings in salesforce.com, inc. were worth $6,796,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan boosted its position in salesforce.com, inc. by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 20,150 shares of the CRM provider’s stock worth $1,437,000 after buying an additional 60 shares during the last quarter. Lincoln National Corp boosted its position in salesforce.com, inc. by 2.1% in the third quarter. Lincoln National Corp now owns 3,771 shares of the CRM provider’s stock worth $269,000 after buying an additional 76 shares during the last quarter. Johnson Financial Group Inc. boosted its position in salesforce.com, inc. by 2.0% in the fourth quarter. Johnson Financial Group Inc. now owns 5,284 shares of the CRM provider’s stock worth $362,000 after buying an additional 105 shares during the last quarter. Atlas Brown Inc. boosted its position in salesforce.com, inc. by 3.7% in the first quarter. Atlas Brown Inc. now owns 3,577 shares of the CRM provider’s stock worth $295,000 after buying an additional 128 shares during the last quarter. Finally, Iowa State Bank boosted its position in salesforce.com, inc. by 0.3% in the first quarter. Iowa State Bank now owns 51,847 shares of the CRM provider’s stock worth $4,277,000 after buying an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 83.13% of the company’s stock.

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

salesforce.com, inc. (NYSE:CRM) opened at 87.40 on Friday. The stock’s 50 day moving average price is $85.62 and its 200-day moving average price is $79.03. The stock has a market cap of $61.83 billion, a price-to-earnings ratio of 336.15 and a beta of 1.42. salesforce.com, inc. has a 12 month low of $66.43 and a 12 month high of $91.00.

salesforce.com, inc. (NYSE:CRM) last issued its earnings results on Thursday, May 18th. The CRM provider reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. The firm had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.35 billion. salesforce.com, inc. had a net margin of 2.60% and a return on equity of 2.40%. The company’s revenue was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.24 earnings per share. Equities analysts expect that salesforce.com, inc. will post $1.29 EPS for the current year.

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A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $102.00 target price (up previously from $100.00) on shares of salesforce.com, inc. in a research note on Friday. Mizuho reissued a “buy” rating and issued a $100.00 target price (up previously from $95.00) on shares of salesforce.com, inc. in a research note on Friday. Cowen and Company reissued an “outperform” rating and issued a $100.00 target price on shares of salesforce.com, inc. in a research note on Friday. Oppenheimer Holdings Inc. reissued a “hold” rating and issued a $100.00 target price (up previously from $95.00) on shares of salesforce.com, inc. in a research note on Friday. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $105.00 target price (up previously from $100.00) on shares of salesforce.com, inc. in a research note on Friday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and forty-one have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $95.48.

In related news, Chairman Marc Benioff sold 10,000 shares of the business’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $88.23, for a total value of $882,300.00. Following the completion of the sale, the chairman now directly owns 34,195,300 shares of the company’s stock, valued at $3,017,051,319. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Mark J. Hawkins sold 8,624 shares of the business’s stock in a transaction on Monday, March 27th. The shares were sold at an average price of $80.84, for a total transaction of $697,164.16. Following the completion of the sale, the chief financial officer now directly owns 21,264 shares of the company’s stock, valued at $1,718,981.76. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,007,585 shares of company stock valued at $84,292,293. Insiders own 6.70% of the company’s stock.

About salesforce.com, inc.

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.

12 Month Chart for NYSE:CRM

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