BB&T Securities LLC Has $4.07 Million Holdings in salesforce.com, inc. (CRM)

BB&T Securities LLC raised its stake in salesforce.com, inc. (NYSE:CRM) by 5.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 29,703 shares of the CRM provider’s stock after purchasing an additional 1,520 shares during the quarter. BB&T Securities LLC’s holdings in salesforce.com were worth $4,068,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. FMR LLC grew its holdings in salesforce.com by 3.5% in the second quarter. FMR LLC now owns 89,621,104 shares of the CRM provider’s stock worth $12,224,319,000 after purchasing an additional 3,066,099 shares during the period. Advisors Asset Management Inc. grew its holdings in salesforce.com by 23.6% in the second quarter. Advisors Asset Management Inc. now owns 37,842 shares of the CRM provider’s stock worth $5,162,000 after purchasing an additional 7,228 shares during the period. Sumitomo Mitsui Asset Management Company LTD grew its holdings in salesforce.com by 51.2% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 824,550 shares of the CRM provider’s stock worth $131,128,000 after purchasing an additional 279,295 shares during the period. Winslow Evans & Crocker Inc. grew its holdings in salesforce.com by 52.7% in the third quarter. Winslow Evans & Crocker Inc. now owns 8,262 shares of the CRM provider’s stock worth $1,316,000 after purchasing an additional 2,850 shares during the period. Finally, Zweig DiMenna Associates LLC grew its holdings in salesforce.com by 7.9% in the third quarter. Zweig DiMenna Associates LLC now owns 120,357 shares of the CRM provider’s stock worth $19,140,000 after purchasing an additional 8,850 shares during the period. Institutional investors own 85.17% of the company’s stock.

A number of research analysts have weighed in on the stock. Goldman Sachs Group reaffirmed a “buy” rating and issued a $168.00 price objective on shares of salesforce.com in a research note on Wednesday, November 28th. Sanford C. Bernstein reaffirmed a “neutral” rating and issued a $149.00 price objective on shares of salesforce.com in a research note on Wednesday, November 28th. Credit Suisse Group reaffirmed a “buy” rating and issued a $175.00 price objective on shares of salesforce.com in a research note on Wednesday, November 28th. Nomura reaffirmed a “buy” rating on shares of salesforce.com in a research note on Wednesday, December 5th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $166.00 price objective on shares of salesforce.com in a research note on Monday, January 7th. Three equities research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and one has issued a strong buy rating to the company. salesforce.com currently has an average rating of “Buy” and a consensus price target of $170.38.



CRM opened at $159.91 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.86 and a current ratio of 0.86. salesforce.com, inc. has a fifty-two week low of $105.93 and a fifty-two week high of $161.50. The stock has a market cap of $119.85 billion, a P/E ratio of 355.36, a PEG ratio of 5.08 and a beta of 1.37.

salesforce.com (NYSE:CRM) last released its quarterly earnings results on Tuesday, November 27th. The CRM provider reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.11. salesforce.com had a net margin of 6.51% and a return on equity of 8.06%. The company had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.37 billion. During the same period last year, the firm earned $0.39 earnings per share. The firm’s revenue was up 25.6% on a year-over-year basis. Equities research analysts predict that salesforce.com, inc. will post 1.32 EPS for the current fiscal year.

In other salesforce.com news, insider Joe Allanson sold 14,897 shares of salesforce.com stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $155.00, for a total value of $2,309,035.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Marc Benioff sold 10,000 shares of salesforce.com stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $157.54, for a total transaction of $1,575,400.00. The disclosure for this sale can be found here. Insiders have sold 523,959 shares of company stock worth $72,544,955 over the last three months. 6.00% of the stock is owned by insiders.

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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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