Kiwi Wealth Investments Limited Partnership Purchases Shares of 58,972 salesforce.com, inc. (CRM)

Kiwi Wealth Investments Limited Partnership purchased a new stake in salesforce.com, inc. (NYSE:CRM) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 58,972 shares of the CRM provider’s stock, valued at approximately $6,858,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Harvest Fund Management Co. Ltd grew its holdings in salesforce.com by 64.1% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 1,047 shares of the CRM provider’s stock valued at $121,000 after buying an additional 409 shares during the period. Mogy Joel R Investment Counsel Inc. grew its holdings in shares of salesforce.com by 0.3% during the 1st quarter. Mogy Joel R Investment Counsel Inc. now owns 187,886 shares of the CRM provider’s stock worth $21,851,000 after purchasing an additional 475 shares during the period. Cetera Advisors LLC grew its holdings in shares of salesforce.com by 17.5% during the 4th quarter. Cetera Advisors LLC now owns 3,259 shares of the CRM provider’s stock worth $334,000 after purchasing an additional 485 shares during the period. Zeke Capital Advisors LLC grew its holdings in shares of salesforce.com by 3.1% during the 1st quarter. Zeke Capital Advisors LLC now owns 15,968 shares of the CRM provider’s stock worth $1,857,000 after purchasing an additional 487 shares during the period. Finally, Global Financial Private Capital LLC grew its holdings in shares of salesforce.com by 3.8% during the 1st quarter. Global Financial Private Capital LLC now owns 13,405 shares of the CRM provider’s stock worth $1,559,000 after purchasing an additional 491 shares during the period. Institutional investors own 84.76% of the company’s stock.

CRM has been the subject of a number of research reports. TheStreet upgraded salesforce.com from a “c” rating to a “b-” rating in a report on Wednesday, February 28th. Citigroup boosted their target price on salesforce.com from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, March 1st. Mizuho boosted their target price on salesforce.com from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, March 1st. Deutsche Bank boosted their target price on salesforce.com from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. Finally, Jefferies Financial Group upgraded salesforce.com from a “hold” rating to a “buy” rating and decreased their target price for the stock from $97.00 to $84.00 in a report on Thursday, February 15th. Six investment analysts have rated the stock with a hold rating and forty-seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $133.75.



CRM stock opened at $138.68 on Thursday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.29. The company has a market cap of $98.33 billion, a P/E ratio of 308.39, a PEG ratio of 5.35 and a beta of 1.26. salesforce.com, inc. has a 12-month low of $84.89 and a 12-month high of $137.50.

salesforce.com (NYSE:CRM) last posted its quarterly earnings results on Tuesday, May 29th. The CRM provider reported $0.74 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.28. The business had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.94 billion. salesforce.com had a return on equity of 7.25% and a net margin of 4.33%. The business’s revenue was up 25.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.28 EPS. sell-side analysts expect that salesforce.com, inc. will post 1 earnings per share for the current year.

In related news, Director Alan G. Hassenfeld sold 25,000 shares of the company’s stock in a transaction on Friday, June 1st. The stock was sold at an average price of $130.54, for a total transaction of $3,263,500.00. Following the completion of the transaction, the director now directly owns 123,006 shares in the company, valued at approximately $16,057,203.24. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Susan Wojcicki acquired 6,000 shares of the stock in a transaction that occurred on Wednesday, April 18th. The shares were bought at an average price of $123.81 per share, with a total value of $742,860.00. Following the completion of the purchase, the director now owns 58,393 shares in the company, valued at $7,229,637.33. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 587,524 shares of company stock worth $73,435,695. Corporate insiders own 6.00% of the company’s stock.

About salesforce.com

salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management. The company offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, and gain insights through analytics and relationship intelligence, as well as deliver quotes, contracts, and invoices.

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

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