salesforce.com (CRM) : Fjarde Ap-fonden Fourth Swedish National Pension Fund scooped up 7,125 additional shares in salesforce.com during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 153,318 shares of salesforce.com which is valued at $11,386,928.salesforce.com makes up approximately 0.25% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.
Other Hedge Funds, Including , Windward Capital Management Co Ca reduced its stake in CRM by selling 1,666 shares or 0.62% in the most recent quarter. The Hedge Fund company now holds 266,610 shares of CRM which is valued at $19,801,125. salesforce.com makes up approx 3.73% of Windward Capital Management Co Ca’s portfolio.Msi Financial Services Inc reduced its stake in CRM by selling 923 shares or 11.83% in the most recent quarter. The Hedge Fund company now holds 6,876 shares of CRM which is valued at $485,652. salesforce.com makes up approx 0.02% of Msi Financial Services Inc’s portfolio.Harding Loevner Lp reduced its stake in CRM by selling 5,444 shares or 0.33% in the most recent quarter. The Hedge Fund company now holds 1,628,435 shares of CRM which is valued at $122,295,469. salesforce.com makes up approx 0.87% of Harding Loevner Lp’s portfolio.Central Bank Trust Co reduced its stake in CRM by selling 2,500 shares or 8.13% in the most recent quarter. The Hedge Fund company now holds 28,268 shares of CRM which is valued at $2,004,484. salesforce.com makes up approx 0.57% of Central Bank Trust Co’s portfolio. New England Research Management added CRM to its portfolio by purchasing 6,300 company shares during the most recent quarter which is valued at $431,046. salesforce.com makes up approx 0.36% of New England Research Management’s portfolio.
salesforce.com opened for trading at $70.98 and hit $76.16 on the upside on Friday, eventually ending the session at $74.27, with a gain of 5.15% or 3.64 points. The heightened volatility saw the trading volume jump to 2,50,05,645 shares. Company has a market cap of $50,440 M.
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.