Schroder Investment Management Group Sells 55,217 Shares of salesforce.com, inc. (CRM)

Schroder Investment Management Group lessened its holdings in shares of salesforce.com, inc. (NYSE:CRM) by 37.5% during the second quarter, HoldingsChannel.com reports. The firm owned 92,043 shares of the CRM provider’s stock after selling 55,217 shares during the quarter. Schroder Investment Management Group’s holdings in salesforce.com were worth $12,438,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. FMR LLC lifted its holdings in shares of salesforce.com by 3.5% during the second quarter. FMR LLC now owns 89,621,104 shares of the CRM provider’s stock worth $12,224,319,000 after purchasing an additional 3,066,099 shares during the period. BlackRock Inc. lifted its holdings in shares of salesforce.com by 5.2% during the second quarter. BlackRock Inc. now owns 44,655,653 shares of the CRM provider’s stock worth $6,091,032,000 after purchasing an additional 2,212,408 shares during the period. Morgan Stanley lifted its holdings in shares of salesforce.com by 1.5% during the second quarter. Morgan Stanley now owns 14,496,002 shares of the CRM provider’s stock worth $1,977,256,000 after purchasing an additional 214,578 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of salesforce.com by 14.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 7,533,328 shares of the CRM provider’s stock worth $1,027,545,000 after purchasing an additional 961,104 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of salesforce.com by 1.9% during the second quarter. Wells Fargo & Company MN now owns 5,328,925 shares of the CRM provider’s stock worth $726,866,000 after purchasing an additional 98,481 shares during the period. Institutional investors own 82.71% of the company’s stock.

CRM opened at $158.33 on Thursday. salesforce.com, inc. has a 1-year low of $92.43 and a 1-year high of $159.93. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $120.22 billion, a price-to-earnings ratio of 135.79, a P/E/G ratio of 5.22 and a beta of 1.27.

salesforce.com (NYSE:CRM) last posted its quarterly earnings results on Wednesday, August 29th. The CRM provider reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.24. salesforce.com had a net margin of 6.45% and a return on equity of 8.27%. The firm had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.23 billion. During the same period in the previous year, the firm posted $0.33 earnings per share. The business’s revenue was up 27.3% compared to the same quarter last year. equities analysts predict that salesforce.com, inc. will post 1.22 earnings per share for the current year.

A number of brokerages have recently commented on CRM. BMO Capital Markets upgraded shares of salesforce.com to a “top pick” rating in a report on Friday, June 29th. Piper Jaffray Companies lifted their target price on shares of salesforce.com from $150.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 15th. Credit Suisse Group lifted their target price on shares of salesforce.com from $150.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 30th. Bank of America lifted their target price on shares of salesforce.com from $161.00 to $181.00 and gave the stock a “buy” rating in a research note on Tuesday, August 21st. Finally, UBS Group lifted their target price on shares of salesforce.com from $153.00 to $168.00 and gave the stock a “buy” rating in a research note on Wednesday, August 15th. Five equities research analysts have rated the stock with a hold rating, thirty-four have given a buy rating and two have issued a strong buy rating to the stock. salesforce.com has an average rating of “Buy” and a consensus target price of $159.97.

In other salesforce.com news, Director Susan Wojcicki bought 6,000 shares of the firm’s stock in a transaction dated Wednesday, July 25th. The stock was bought at an average cost of $146.22 per share, with a total value of $877,320.00. Following the completion of the transaction, the director now directly owns 77,426 shares in the company, valued at approximately $11,321,229.72. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Joe Allanson sold 272 shares of the business’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $151.53, for a total transaction of $41,216.16. Following the sale, the chief accounting officer now directly owns 30,310 shares of the company’s stock, valued at $4,592,874.30. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 18,000 shares of company stock valued at $2,701,020 and sold 550,577 shares valued at $82,255,385. Insiders own 6.00% of the company’s stock.

About salesforce.com

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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