salesforce.com (CRM) : Pacad Investment Ltd. scooped up 4,293 additional shares in salesforce.com during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 59,119 shares of salesforce.com which is valued at $4,825,884.salesforce.com makes up approximately 0.64% of Pacad Investment Ltd.’s portfolio.
Other Hedge Funds, Including , Hightower Advisors reduced its stake in CRM by selling 17,957 shares or 17.48% in the most recent quarter. The Hedge Fund company now holds 84,769 shares of CRM which is valued at $6,919,693. salesforce.com makes up approx 0.08% of Hightower Advisors’s portfolio. Manning Napier Advisors added CRM to its portfolio by purchasing 516,426 company shares during the most recent quarter which is valued at $42,000,927. salesforce.com makes up approx 0.24% of Manning Napier Advisors’s portfolio.Conning boosted its stake in CRM in the latest quarter, The investment management firm added 160 additional shares and now holds a total of 15,058 shares of salesforce.com which is valued at $1,227,227. salesforce.com makes up approx 0.05% of Conning’s portfolio. Parametrica Management Ltd added CRM to its portfolio by purchasing 3,939 company shares during the most recent quarter which is valued at $325,164. salesforce.com makes up approx 0.46% of Parametrica Management Ltd’s portfolio.Carroll Financial Associates boosted its stake in CRM in the latest quarter, The investment management firm added 60 additional shares and now holds a total of 830 shares of salesforce.com which is valued at $68,176. salesforce.com makes up approx 0.01% of Carroll Financial Associates’s portfolio.
salesforce.com opened for trading at $77.82 and hit $78.28 on the upside on Tuesday, eventually ending the session at $78.02, with a gain of 1.00% or 0.77 points. The heightened volatility saw the trading volume jump to 43,28,579 shares. Company has a market cap of $52,987 M.
On the company’s financial health, salesforce.com reported $0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 18, 2016. Analyst had a consensus of $0.23. The company had revenue of $1.92 million for the quarter, compared to analysts expectations of $1892.96 million. The company’s revenue was down -99.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.16 EPS.
Many Wall Street Analysts have commented on salesforce.com. BMO Capital Markets Initiated salesforce.com on Jun 15, 2016 to “Outperform”, Price Target of the shares are set at $98.Company shares were Reiterated by Mizuho on May 19, 2016 to “Buy”, Firm has raised the Price Target to $ 100 from a previous price target of $90 .Company shares were Reiterated by Wunderlich on May 19, 2016 to “Buy”, Firm has raised the Price Target to $ 101 from a previous price target of $93 .
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.