Pitcairn Co buys $5,169,790 stake in salesforce.com (CRM)

salesforce.com (CRM) : Pitcairn Co scooped up 3,200 additional shares in salesforce.com during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 25, 2016. The investment management firm now holds a total of 63,433 shares of salesforce.com which is valued at $5,169,790.salesforce.com makes up approximately 0.65% of Pitcairn Co’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc boosted its stake in CRM in the latest quarter, The investment management firm added 115 additional shares and now holds a total of 7,799 shares of salesforce.com which is valued at $635,619. salesforce.com makes up approx 0.02% of Msi Financial Services Inc’s portfolio.Robeco Institutional Asset Management B.v. reduced its stake in CRM by selling 34,803 shares or 30.04% in the most recent quarter. The Hedge Fund company now holds 81,060 shares of CRM which is valued at $6,691,503. salesforce.com makes up approx 0.05% of Robeco Institutional Asset Management B.v.’s portfolio. Arcadia Investment Management Corpmi added CRM to its portfolio by purchasing 786 company shares during the most recent quarter which is valued at $64,161. salesforce.com makes up approx 0.02% of Arcadia Investment Management Corpmi’s portfolio. Osborn Rohs Williams Donohoe Ltd added CRM to its portfolio by purchasing 2,600 company shares during the most recent quarter which is valued at $210,314. salesforce.com makes up approx 0.04% of Osborn Rohs Williams Donohoe Ltd’s portfolio.

salesforce.com closed down -0.53 points or -0.64% at $81.8 with 29,96,289 shares getting traded on Friday. Post opening the session at $82.25, the shares hit an intraday low of $80.88 and an intraday high of $82.405 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, salesforce.com reported $0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 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.

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