salesforce.com (CRM) : Waverton Investment Management Ltd reduced its stake in salesforce.com by 0.6% during the most recent quarter end. The investment management company now holds a total of 343,249 shares of salesforce.com which is valued at $24,858,093 after selling 2,060 shares in salesforce.com , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.salesforce.com makes up approximately 1.68% of Waverton Investment Management Ltd’s portfolio.
Other Hedge Funds, Including , British Columbia Investment Management Corp reduced its stake in CRM by selling 26,074 shares or 5.98% in the most recent quarter. The Hedge Fund company now holds 410,042 shares of CRM which is valued at $29,695,242. salesforce.com makes up approx 0.30% of British Columbia Investment Management Corp’s portfolio. Contravisory Investment Management sold out all of its stake in CRM during the most recent quarter. The investment firm sold 27 shares of CRM which is valued $2,028.Simplex Trading boosted its stake in CRM in the latest quarter, The investment management firm added 46,293 additional shares and now holds a total of 63,332 shares of salesforce.com which is valued at $4,490,872. salesforce.com makes up approx 0.58% of Simplex Trading’s portfolio.Washington Trust Bank boosted its stake in CRM in the latest quarter, The investment management firm added 37 additional shares and now holds a total of 753 shares of salesforce.com which is valued at $51,520. salesforce.com makes up approx 0.01% of Washington Trust Bank’s portfolio.Eqis Capital Management reduced its stake in CRM by selling 409 shares or 7.15% in the most recent quarter. The Hedge Fund company now holds 5,310 shares of CRM which is valued at $363,310. salesforce.com makes up approx 0.02% of Eqis Capital Management’s portfolio.
salesforce.com closed down -2.68 points or -3.57% at $72.42 with 1,64,25,353 shares getting traded on Tuesday. Post opening the session at $73.9, the shares hit an intraday low of $71.55 and an intraday high of $73.92 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.