Columbia Trust Co 01012016 Has $1.61 Million Holdings in salesforce.com, inc. (NYSE:CRM)

Columbia Trust Co 01012016 increased its holdings in salesforce.com, inc. (NYSE:CRM) by 3.0% during the third quarter, HoldingsChannel reports. The fund owned 5,948 shares of the CRM provider’s stock after acquiring an additional 175 shares during the quarter. Columbia Trust Co 01012016’s holdings in salesforce.com were worth $1,613,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sequoia Financial Advisors LLC raised its holdings in shares of salesforce.com by 11.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 40,776 shares of the CRM provider’s stock worth $9,960,000 after acquiring an additional 4,053 shares during the last quarter. Bfsg LLC increased its stake in salesforce.com by 8.1% in the 2nd quarter. Bfsg LLC now owns 14,740 shares of the CRM provider’s stock valued at $3,601,000 after buying an additional 1,110 shares during the last quarter. Federated Hermes Inc. increased its stake in salesforce.com by 4.8% in the 2nd quarter. Federated Hermes Inc. now owns 900,794 shares of the CRM provider’s stock valued at $220,036,000 after buying an additional 41,301 shares during the last quarter. Jaffetilchin Investment Partners LLC increased its stake in salesforce.com by 118.3% in the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 8,667 shares of the CRM provider’s stock valued at $2,016,000 after buying an additional 4,697 shares during the last quarter. Finally, NorthCoast Asset Management LLC increased its stake in salesforce.com by 2.3% in the 2nd quarter. NorthCoast Asset Management LLC now owns 104,103 shares of the CRM provider’s stock valued at $25,429,000 after buying an additional 2,373 shares during the last quarter. Institutional investors own 73.41% of the company’s stock.

In other salesforce.com news, CEO Marc Benioff sold 20,000 shares of the business’s stock in a transaction dated Monday, September 13th. The shares were sold at an average price of $253.59, for a total value of $5,071,800.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Amy E. Weaver sold 7,262 shares of salesforce.com stock in a transaction dated Monday, November 15th. The shares were sold at an average price of $306.90, for a total transaction of $2,228,707.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 737,826 shares of company stock worth $205,921,946. 4.10% of the stock is owned by corporate insiders.

salesforce.com stock opened at $289.17 on Thursday. The stock has a market cap of $283.10 billion, a P/E ratio of 116.13, a price-to-earnings-growth ratio of 8.37 and a beta of 1.07. The firm’s fifty day moving average price is $288.13 and its 200-day moving average price is $259.25. salesforce.com, inc. has a fifty-two week low of $201.51 and a fifty-two week high of $311.75. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.93 and a current ratio of 0.93.

salesforce.com (NYSE:CRM) last issued its earnings results on Tuesday, August 24th. The CRM provider reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.56. The company had revenue of $6.34 billion for the quarter, compared to analysts’ expectations of $6.25 billion. salesforce.com had a net margin of 9.99% and a return on equity of 7.15%. The firm’s revenue was up 23.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.44 EPS. On average, analysts predict that salesforce.com, inc. will post 2.15 earnings per share for the current year.

A number of research analysts have recently weighed in on the stock. Wells Fargo & Company reissued a “buy” rating and set a $340.00 target price on shares of salesforce.com in a research report on Thursday, October 21st. Zacks Investment Research downgraded shares of salesforce.com from a “hold” rating to a “sell” rating and set a $273.00 target price for the company. in a research report on Wednesday, August 25th. The Goldman Sachs Group set a $350.00 target price on shares of salesforce.com in a research report on Wednesday, September 1st. Stifel Nicolaus increased their target price on shares of salesforce.com from $315.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, September 24th. Finally, Citigroup increased their target price on shares of salesforce.com from $280.00 to $308.00 and gave the company a “neutral” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $320.59.

salesforce.com Profile

salesforce.com, inc. engages in the design and development of cloud-based enterprise software for customer relationship management. Its solutions include sales force automation, customer service and support, marketing automation, digital commerce, community management, collaboration, industry-specific solutions, and salesforce platform.

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Institutional Ownership by Quarter for salesforce.com (NYSE:CRM)

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