salesforce.com, inc. (NYSE:CRM) Position Lessened by Balasa Dinverno & Foltz LLC

Balasa Dinverno & Foltz LLC trimmed its position in shares of salesforce.com, inc. (NYSE:CRM) by 14.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,513 shares of the CRM provider’s stock after selling 248 shares during the period. Balasa Dinverno & Foltz LLC’s holdings in salesforce.com were worth $225,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the stock. Bray Capital Advisors raised its holdings in salesforce.com by 0.3% during the third quarter. Bray Capital Advisors now owns 23,420 shares of the CRM provider’s stock valued at $3,476,000 after buying an additional 65 shares in the last quarter. Chicago Partners Investment Group LLC raised its holdings in salesforce.com by 4.6% during the third quarter. Chicago Partners Investment Group LLC now owns 1,472 shares of the CRM provider’s stock valued at $218,000 after buying an additional 65 shares in the last quarter. Citizens Financial Group Inc RI raised its holdings in salesforce.com by 21.9% during the third quarter. Citizens Financial Group Inc RI now owns 379 shares of the CRM provider’s stock valued at $56,000 after buying an additional 68 shares in the last quarter. Allred Capital Management LLC raised its holdings in salesforce.com by 1.6% during the second quarter. Allred Capital Management LLC now owns 4,494 shares of the CRM provider’s stock valued at $692,000 after buying an additional 71 shares in the last quarter. Finally, Clear Perspective Advisors LLC raised its holdings in salesforce.com by 4.6% during the second quarter. Clear Perspective Advisors LLC now owns 1,646 shares of the CRM provider’s stock valued at $250,000 after buying an additional 72 shares in the last quarter. Institutional investors and hedge funds own 74.11% of the company’s stock.

In related news, insider Parker Harris sold 620 shares of salesforce.com stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $163.00, for a total transaction of $101,060.00. Following the sale, the insider now directly owns 32,034 shares of the company’s stock, valued at $5,221,542. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Amy E. Weaver sold 5,627 shares of salesforce.com stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $141.10, for a total value of $793,969.70. Following the sale, the insider now directly owns 33,316 shares in the company, valued at $4,700,887.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 261,026 shares of company stock worth $39,493,487. 5.50% of the stock is owned by company insiders.

Several equities analysts have weighed in on the company. SunTrust Banks set a $189.00 target price on salesforce.com and gave the company a “buy” rating in a report on Wednesday, August 21st. Zacks Investment Research lowered salesforce.com from a “buy” rating to a “hold” rating and set a $166.00 target price on the stock. in a report on Thursday, October 31st. Northland Securities set a $185.00 target price on salesforce.com and gave the company a “buy” rating in a report on Friday, August 23rd. Credit Suisse Group set a $175.00 target price on salesforce.com and gave the company a “buy” rating in a report on Wednesday, August 28th. Finally, Compass Point set a $193.00 target price on salesforce.com and gave the company a “buy” rating in a report on Friday, August 23rd. Three equities research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and one has assigned a strong buy rating to the company. salesforce.com has an average rating of “Buy” and an average price target of $184.74.

CRM stock opened at $162.86 on Wednesday. salesforce.com, inc. has a twelve month low of $113.60 and a twelve month high of $167.56. The company has a market cap of $141.29 billion, a PE ratio of 112.32, a price-to-earnings-growth ratio of 6.90 and a beta of 1.22. The business’s 50-day simple moving average is $151.27 and its 200 day simple moving average is $153.22. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.31.

salesforce.com (NYSE:CRM) last released its earnings results on Thursday, August 22nd. The CRM provider reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.57. salesforce.com had a return on equity of 7.26% and a net margin of 6.45%. The business had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.96 billion. During the same period last year, the business earned $0.71 earnings per share. The firm’s revenue for the quarter was up 21.8% compared to the same quarter last year. On average, equities research analysts anticipate that salesforce.com, inc. will post 1.25 EPS for the current year.

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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