Partner Investment Management L.P. raised its holdings in salesforce.com, inc. (NYSE:CRM) by 33.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,153 shares of the CRM provider’s stock after acquiring an additional 4,770 shares during the quarter. salesforce.com makes up 2.1% of Partner Investment Management L.P.’s holdings, making the stock its 8th largest holding. Partner Investment Management L.P.’s holdings in salesforce.com were worth $2,612,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Robeco Institutional Asset Management B.V. grew its position in shares of salesforce.com by 135.3% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 54,575 shares of the CRM provider’s stock worth $6,347,000 after buying an additional 31,378 shares in the last quarter. Fiduciary Trust Co. grew its position in shares of salesforce.com by 22.5% during the 1st quarter. Fiduciary Trust Co. now owns 5,386 shares of the CRM provider’s stock worth $626,000 after buying an additional 989 shares in the last quarter. Tiverton Asset Management LLC grew its position in shares of salesforce.com by 81.1% during the 1st quarter. Tiverton Asset Management LLC now owns 13,332 shares of the CRM provider’s stock worth $1,550,000 after buying an additional 5,972 shares in the last quarter. Signaturefd LLC bought a new position in shares of salesforce.com during the 1st quarter worth $194,000. Finally, Meridian Wealth Management LLC bought a new position in shares of salesforce.com during the 1st quarter worth $255,000. 82.74% of the stock is currently owned by institutional investors.

In other salesforce.com news, Director Susan Wojcicki purchased 6,000 shares of the firm’s stock in a transaction on Tuesday, June 19th. The stock was bought at an average cost of $138.11 per share, for a total transaction of $828,660.00. Following the completion of the purchase, the director now owns 71,426 shares in the company, valued at approximately $9,864,644.86. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Marc Benioff sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $153.94, for a total value of $769,700.00. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 18,000 shares of company stock valued at $2,584,260 and sold 453,027 shares valued at $65,275,882. Company insiders own 6.00% of the company’s stock.

A number of equities analysts have recently issued reports on CRM shares. Bank of America increased their price target on salesforce.com from $161.00 to $181.00 and gave the stock a “buy” rating in a research report on Tuesday, August 21st. Morgan Stanley increased their price target on salesforce.com from $153.00 to $178.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 14th. Zacks Investment Research downgraded salesforce.com from a “hold” rating to a “sell” rating in a research report on Tuesday, July 31st. Goldman Sachs Group reissued a “buy” rating and set a $140.00 price target on shares of salesforce.com in a research report on Tuesday, May 29th. Finally, Barclays raised their price objective on salesforce.com from $140.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, May 30th. Five research analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and two have given a strong buy rating to the company. salesforce.com has an average rating of “Buy” and a consensus price target of $159.97.

salesforce.com stock opened at $155.37 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.80 and a quick ratio of 0.80. salesforce.com, inc. has a one year low of $92.11 and a one year high of $155.77. The stock has a market capitalization of $115.65 billion, a price-to-earnings ratio of 345.27, a price-to-earnings-growth ratio of 5.02 and a beta of 1.27.

salesforce.com (NYSE:CRM) last released its quarterly earnings results on Wednesday, August 29th. The CRM provider reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.24. salesforce.com had a return on equity of 8.27% and a net margin of 6.45%. The company had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.23 billion. During the same period last year, the business posted $0.33 earnings per share. The firm’s revenue was up 27.3% compared to the same quarter last year. equities analysts predict that salesforce.com, inc. will post 1.22 earnings per share for the current year.

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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