Middleton & Co Inc MA Has $14.79 Million Stock Holdings in salesforce.com, inc. (NYSE:CRM)

Middleton & Co Inc MA lowered its holdings in salesforce.com, inc. (NYSE:CRM) by 0.6% in the third quarter, HoldingsChannel.com reports. The firm owned 99,603 shares of the CRM provider’s stock after selling 608 shares during the quarter. salesforce.com comprises approximately 2.3% of Middleton & Co Inc MA’s holdings, making the stock its 7th biggest holding. Middleton & Co Inc MA’s holdings in salesforce.com were worth $14,785,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Buckingham Capital Management Inc. increased its holdings in shares of salesforce.com by 6.2% during the first quarter. Buckingham Capital Management Inc. now owns 34,547 shares of the CRM provider’s stock worth $5,471,000 after buying an additional 2,028 shares in the last quarter. Neville Rodie & Shaw Inc. increased its holdings in shares of salesforce.com by 1.3% during the second quarter. Neville Rodie & Shaw Inc. now owns 43,265 shares of the CRM provider’s stock worth $6,565,000 after buying an additional 548 shares in the last quarter. Thomasville National Bank increased its holdings in shares of salesforce.com by 1.4% during the second quarter. Thomasville National Bank now owns 63,322 shares of the CRM provider’s stock worth $9,608,000 after buying an additional 884 shares in the last quarter. Private Trust Co. NA increased its holdings in shares of salesforce.com by 5.3% during the second quarter. Private Trust Co. NA now owns 7,081 shares of the CRM provider’s stock worth $1,074,000 after buying an additional 354 shares in the last quarter. Finally, Private Asset Management Inc. increased its holdings in shares of salesforce.com by 5.3% during the second quarter. Private Asset Management Inc. now owns 18,592 shares of the CRM provider’s stock worth $2,821,000 after buying an additional 930 shares in the last quarter. 73.72% of the stock is owned by hedge funds and other institutional investors.

CRM has been the subject of several recent analyst reports. OTR Global raised shares of salesforce.com to a “positive” rating in a report on Thursday, August 15th. UBS Group set a $190.00 price objective on shares of salesforce.com and gave the stock a “buy” rating in a report on Friday, August 23rd. Northland Securities set a $185.00 price objective on shares of salesforce.com and gave the stock a “buy” rating in a report on Friday, August 23rd. Nomura increased their price target on shares of salesforce.com from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Finally, Monness Crespi & Hardt increased their price target on shares of salesforce.com from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Three research analysts have rated the stock with a hold rating, thirty-six have given a buy rating and one has given a strong buy rating to the company’s stock. salesforce.com currently has a consensus rating of “Buy” and an average price target of $184.31.

In other salesforce.com news, CAO Joe Allanson sold 323 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $155.57, for a total value of $50,249.11. Following the transaction, the chief accounting officer now directly owns 30,619 shares of the company’s stock, valued at $4,763,397.83. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Marc Benioff sold 5,000 shares of salesforce.com stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $147.10, for a total transaction of $735,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 272,019 shares of company stock worth $40,982,868. Insiders own 5.50% of the company’s stock.

CRM stock traded up $0.75 during midday trading on Monday, reaching $144.84. The company’s stock had a trading volume of 228,628 shares, compared to its average volume of 4,309,656. salesforce.com, inc. has a 52 week low of $113.60 and a 52 week high of $167.56. The stock has a market cap of $128.19 billion, a PE ratio of 99.79, a price-to-earnings-growth ratio of 6.26 and a beta of 1.23. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.31. The business’s 50-day simple moving average is $150.83 and its 200-day simple moving average is $153.78.

salesforce.com (NYSE:CRM) last announced its quarterly earnings data on Thursday, August 22nd. The CRM provider reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.57. salesforce.com had a net margin of 6.45% and a return on equity of 7.26%. The firm had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.96 billion. During the same period last year, the firm earned $0.71 earnings per share. The business’s revenue for the quarter was up 21.8% on a year-over-year basis. As a group, equities analysts forecast that salesforce.com, inc. will post 1.25 earnings per share for the current fiscal year.

salesforce.com Profile

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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