salesforce.com (CRM) : Ems Capital Lp added new position in salesforce.com during the most recent quarter end. The investment management firm now holds 479,900 shares of salesforce.com which is valued at $39,174,237 , the company said in a statement filed on Aug 15, 2016 with the SEC.salesforce.com makes up approximately 3.74% of Ems Capital Lp’s portfolio.
Other Hedge Funds, Including , Point72 Asia (hong Kong) Ltd reduced its stake in CRM by selling 201 shares or 8.78% in the most recent quarter. The Hedge Fund company now holds 2,088 shares of CRM which is valued at $170,443. salesforce.com makes up approx 0.31% of Point72 Asia (hong Kong) Ltd’s portfolio.Pictet Asset Management Ltd reduced its stake in CRM by selling 99,657 shares or 9.89% in the most recent quarter. The Hedge Fund company now holds 907,784 shares of CRM which is valued at $74,102,408. salesforce.com makes up approx 0.28% of Pictet Asset Management Ltd’s portfolio.Dekabank Deutsche Girozentrale boosted its stake in CRM in the latest quarter, The investment management firm added 6,929 additional shares and now holds a total of 113,901 shares of salesforce.com which is valued at $9,263,568. salesforce.com makes up approx 0.10% of Dekabank Deutsche Girozentrale’s portfolio. Herndon Capital Management added CRM to its portfolio by purchasing 59 company shares during the most recent quarter which is valued at $4,826.
salesforce.com closed down -3.51 points or -4.42% at $75.91 with 2,74,18,454 shares getting traded on Thursday. Post opening the session at $75.45, the shares hit an intraday low of $74.06 and an intraday high of $76.55 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, salesforce.com reported $0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 31, 2016. Analyst had a consensus of $0.22. The company had revenue of $2037.00 million for the quarter, compared to analysts expectations of $2019.61 million. The company’s revenue was up 25.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.
Many Wall Street Analysts have commented on salesforce.com. Shares were Reiterated by Mizuho on Sep 1, 2016 to “Buy” and Lowered the Price Target to $ 85 from a previous price target of $100 .Shares were Reiterated by BMO Capital Markets on Sep 1, 2016 to “Outperform” and Lowered the Price Target to $ 86 from a previous price target of $98 .Shares were Reiterated by RBC Capital Mkts on Sep 1, 2016 to “Outperform” and Lowered the Price Target to $ 85 from a previous price target of $91 .
salesforce.com inc. is a provider of enterprise cloud computing solutions that include apps and platform services as well as professional services. The Company focuses on customer relationship management (CRM). The Company offers six core cloud services that include sales force automation customer service and support marketing automation community management analytics and a cloud platform for building custom applications. The Company offers consulting deployment training implementation and integration services to its customers to facilitate the adoption of its cloud solutions. The Company delivers its solutions as a service through all the Internet browsers and on mobile devices on a subscription basis primarily through its direct sales efforts and indirectly through partners.