M&T Bank Corp Has $23.71 Million Stock Holdings in salesforce.com, inc. (NYSE:CRM)

M&T Bank Corp lessened its holdings in shares of salesforce.com, inc. (NYSE:CRM) by 1.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 126,587 shares of the CRM provider’s stock after selling 2,024 shares during the period. M&T Bank Corp’s holdings in salesforce.com were worth $23,713,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CRM. AlphaCore Capital LLC bought a new stake in salesforce.com during the 1st quarter worth about $28,000. Delta Asset Management LLC TN lifted its position in salesforce.com by 166.7% during the 1st quarter. Delta Asset Management LLC TN now owns 200 shares of the CRM provider’s stock worth $29,000 after buying an additional 125 shares in the last quarter. Red Door Wealth Management LLC bought a new stake in salesforce.com during the 1st quarter worth about $29,000. Accurate Investment Solutions Inc. lifted its position in salesforce.com by 632.1% during the 1st quarter. Accurate Investment Solutions Inc. now owns 205 shares of the CRM provider’s stock worth $30,000 after buying an additional 177 shares in the last quarter. Finally, Weaver Consulting Group raised its holdings in shares of salesforce.com by 81.2% in the 1st quarter. Weaver Consulting Group now owns 250 shares of the CRM provider’s stock valued at $36,000 after purchasing an additional 112 shares during the period. 81.26% of the stock is owned by hedge funds and other institutional investors.

NYSE CRM opened at $194.85 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.15. The company has a fifty day moving average of $188.62 and a two-hundred day moving average of $173.36. The firm has a market capitalization of $172.72 billion, a price-to-earnings ratio of -1,082.50, a PEG ratio of 9.46 and a beta of 1.08. salesforce.com, inc. has a 52 week low of $115.29 and a 52 week high of $202.82.

salesforce.com (NYSE:CRM) last posted its quarterly earnings data on Thursday, May 28th. The CRM provider reported $0.70 EPS for the quarter, topping the consensus estimate of $0.69 by $0.01. The company had revenue of $4.87 billion during the quarter, compared to analyst estimates of $4.85 billion. salesforce.com had a negative net margin of 0.92% and a positive return on equity of 2.45%. salesforce.com’s quarterly revenue was up 30.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.93 earnings per share. Equities research analysts anticipate that salesforce.com, inc. will post 1.13 EPS for the current year.

CRM has been the topic of a number of research analyst reports. JMP Securities upped their target price on shares of salesforce.com from $172.00 to $191.00 and gave the company a “market outperform” rating in a report on Monday, May 11th. Mizuho upped their target price on shares of salesforce.com from $205.00 to $210.00 and gave the company a “buy” rating in a report on Friday, May 29th. ValuEngine cut shares of salesforce.com from a “buy” rating to a “hold” rating in a report on Monday, May 4th. Jefferies Financial Group increased their price target on shares of salesforce.com from $205.00 to $220.00 and gave the company a “buy” rating in a report on Monday, June 22nd. They noted that the move was a valuation call. Finally, BMO Capital Markets dropped their price objective on shares of salesforce.com from $215.00 to $213.00 and set an “outperform” rating for the company in a research note on Friday, May 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-nine have given a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $200.21.

In other news, insider Srinivas Tallapragada sold 5,000 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $166.50, for a total transaction of $832,500.00. Following the completion of the sale, the insider now directly owns 42,176 shares of the company’s stock, valued at $7,022,304. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Marc Benioff sold 10,000 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $159.89, for a total transaction of $1,598,900.00. The disclosure for this sale can be found here. Insiders have sold 672,077 shares of company stock valued at $123,680,637 over the last three months. Insiders own 4.40% of the company’s stock.

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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