Strs Ohio Sells 29,881 Shares of salesforce.com, inc. (NYSE:CRM)

Strs Ohio trimmed its stake in salesforce.com, inc. (NYSE:CRM) by 2.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,011,441 shares of the CRM provider’s stock after selling 29,881 shares during the period. salesforce.com comprises 0.7% of Strs Ohio’s holdings, making the stock its 24th biggest holding. Strs Ohio owned about 0.11% of salesforce.com worth $164,500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in CRM. Investors Research Corp lifted its position in salesforce.com by 159.1% during the third quarter. Investors Research Corp now owns 171 shares of the CRM provider’s stock valued at $25,000 after acquiring an additional 105 shares during the last quarter. Sound Income Strategies LLC boosted its stake in salesforce.com by 93.8% in the 4th quarter. Sound Income Strategies LLC now owns 155 shares of the CRM provider’s stock worth $25,000 after purchasing an additional 75 shares in the last quarter. OLD Second National Bank of Aurora grew its position in salesforce.com by 115.6% during the 4th quarter. OLD Second National Bank of Aurora now owns 166 shares of the CRM provider’s stock worth $27,000 after purchasing an additional 89 shares during the last quarter. Acima Private Wealth LLC increased its stake in salesforce.com by 250.0% during the 3rd quarter. Acima Private Wealth LLC now owns 189 shares of the CRM provider’s stock valued at $28,000 after purchasing an additional 135 shares in the last quarter. Finally, Enterprise Trust & Investment Co increased its stake in salesforce.com by 234.4% during the 3rd quarter. Enterprise Trust & Investment Co now owns 204 shares of the CRM provider’s stock valued at $30,000 after purchasing an additional 143 shares in the last quarter. 80.43% of the stock is owned by institutional investors.

Shares of salesforce.com stock traded down $2.13 on Friday, reaching $181.85. The company’s stock had a trading volume of 3,587,731 shares, compared to its average volume of 4,468,526. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $162.10 billion, a P/E ratio of 193.45, a PEG ratio of 7.63 and a beta of 1.22. The stock has a 50-day moving average price of $168.95 and a 200-day moving average price of $157.21. salesforce.com, inc. has a 52-week low of $137.87 and a 52-week high of $186.44.

salesforce.com (NYSE:CRM) last announced its earnings results on Tuesday, December 3rd. The CRM provider reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. salesforce.com had a return on equity of 5.37% and a net margin of 4.64%. The firm had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.45 billion. During the same quarter last year, the firm posted $0.61 EPS. The business’s revenue was up 33.0% on a year-over-year basis. Sell-side analysts forecast that salesforce.com, inc. will post 1.28 earnings per share for the current fiscal year.

In other salesforce.com news, insider Parker Harris sold 620 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $157.50, for a total transaction of $97,650.00. Following the completion of the transaction, the insider now owns 32,019 shares of the company’s stock, valued at $5,042,992.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Marc Benioff sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $152.80, for a total value of $764,000.00. The disclosure for this sale can be found here. Insiders sold a total of 412,764 shares of company stock worth $67,994,833 over the last ninety days. 5.50% of the stock is currently owned by corporate insiders.

A number of analysts have commented on the company. BMO Capital Markets reaffirmed a “top pick” rating on shares of salesforce.com in a research report on Monday. Citigroup lifted their target price on salesforce.com from $185.00 to $196.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Roth Capital reiterated a “neutral” rating on shares of salesforce.com in a research report on Wednesday, December 4th. Wedbush reiterated an “outperform” rating and issued a $192.00 price target on shares of salesforce.com in a report on Thursday, November 21st. Finally, Wells Fargo & Co raised their price target on shares of salesforce.com from $185.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Four investment analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $194.66.

salesforce.com Company 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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