Marble Arch Investments LP raised its stake in salesforce.com, inc. (NYSE:CRM) by 22.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 546,800 shares of the CRM provider’s stock after purchasing an additional 99,600 shares during the quarter. salesforce.com makes up 4.3% of Marble Arch Investments LP’s holdings, making the stock its 11th largest position. Marble Arch Investments LP’s holdings in salesforce.com were worth $55,899,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Janus Henderson Group PLC increased its stake in salesforce.com by 5.3% in the 3rd quarter. Janus Henderson Group PLC now owns 13,435,212 shares of the CRM provider’s stock valued at $1,255,082,000 after buying an additional 675,471 shares during the period. TIAA CREF Investment Management LLC grew its position in salesforce.com by 7.0% in the fourth quarter. TIAA CREF Investment Management LLC now owns 9,865,725 shares of the CRM provider’s stock worth $1,008,573,000 after acquiring an additional 645,099 shares in the last quarter. Brown Advisory Inc. grew its position in salesforce.com by 2.4% in the fourth quarter. Brown Advisory Inc. now owns 4,756,094 shares of the CRM provider’s stock worth $486,216,000 after acquiring an additional 112,839 shares in the last quarter. Tybourne Capital Management HK Ltd. grew its position in salesforce.com by 27.8% in the fourth quarter. Tybourne Capital Management HK Ltd. now owns 4,346,500 shares of the CRM provider’s stock worth $444,343,000 after acquiring an additional 945,000 shares in the last quarter. Finally, Fred Alger Management Inc. grew its position in salesforce.com by 2.1% in the fourth quarter. Fred Alger Management Inc. now owns 3,683,014 shares of the CRM provider’s stock worth $376,515,000 after acquiring an additional 76,255 shares in the last quarter. Hedge funds and other institutional investors own 86.68% of the company’s stock.

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In other salesforce.com news, Director Susan Wojcicki acquired 6,000 shares of the company’s stock in a transaction dated Tuesday, January 9th. The stock was bought at an average price of $109.14 per share, for a total transaction of $654,840.00. Following the purchase, the director now owns 39,223 shares in the company, valued at approximately $4,280,798.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Joe Allanson sold 321 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $113.47, for a total transaction of $36,423.87. Following the completion of the transaction, the chief accounting officer now owns 30,618 shares of the company’s stock, valued at approximately $3,474,224.46. The disclosure for this sale can be found here. In the last 90 days, insiders sold 265,307 shares of company stock valued at $29,733,909. Corporate insiders own 6.20% of the company’s stock.

Several analysts have commented on CRM shares. BMO Capital Markets boosted their target price on shares of salesforce.com from $112.00 to $118.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 22nd. Morgan Stanley reissued an “overweight” rating and issued a $127.00 target price (up from $107.00) on shares of salesforce.com in a research report on Thursday, November 16th. Vetr downgraded shares of salesforce.com from a “buy” rating to a “hold” rating and set a $107.78 target price for the company. in a research report on Monday, December 11th. Royal Bank of Canada set a $120.00 target price on shares of salesforce.com and gave the stock a “buy” rating in a research report on Monday, January 22nd. Finally, Cowen reissued a “buy” rating and issued a $118.00 target price on shares of salesforce.com in a research report on Tuesday, November 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and forty-four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $123.51.

salesforce.com, inc. (CRM) opened at $126.73 on Wednesday. salesforce.com, inc. has a one year low of $80.50 and a one year high of $128.20. The stock has a market cap of $91,573.20, a price-to-earnings ratio of 745.51, a PEG ratio of 5.83 and a beta of 1.25. The company has a quick ratio of 0.82, a current ratio of 0.92 and a debt-to-equity ratio of 0.07.

salesforce.com (NYSE:CRM) last announced its quarterly earnings data on Wednesday, February 28th. The CRM provider reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. salesforce.com had a net margin of 1.22% and a return on equity of 3.86%. The company had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.81 billion. During the same quarter in the prior year, the company posted $0.28 EPS. The business’s revenue was up 24.3% on a year-over-year basis. sell-side analysts forecast that salesforce.com, inc. will post 0.9 earnings per share for the current year.

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salesforce.com Profile

Salesforce.com, Inc is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management (CRM). The Company focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies. The Company’s service offerings are configured and integrated with other platforms and enterprise applications.

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

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