Edmond DE Rothschild Holding S.A. raised its holdings in shares of salesforce.com, inc. (NYSE:CRM) by 14.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,647 shares of the CRM provider’s stock after buying an additional 823 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in salesforce.com were worth $910,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Genesee Capital Advisors LLC purchased a new stake in shares of salesforce.com in the 4th quarter valued at approximately $1,620,000. Stamos Capital Partners L.P. purchased a new stake in shares of salesforce.com in the 4th quarter valued at approximately $1,507,000. LMR Partners LLP purchased a new stake in shares of salesforce.com in the 4th quarter valued at approximately $2,204,000. Polar Capital LLP lifted its position in shares of salesforce.com by 5.6% in the 4th quarter. Polar Capital LLP now owns 613,161 shares of the CRM provider’s stock valued at $83,985,000 after acquiring an additional 32,279 shares in the last quarter. Finally, Lunia Capital LP purchased a new stake in shares of salesforce.com in the 4th quarter valued at approximately $5,811,000. Hedge funds and other institutional investors own 82.84% of the company’s stock.

In other news, Chairman Marc Benioff sold 157,472 shares of the stock in a transaction on Wednesday, December 19th. The shares were sold at an average price of $133.21, for a total transaction of $20,976,845.12. Following the transaction, the chairman now owns 32,179,928 shares in the company, valued at approximately $4,286,688,208.88. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Craig Conway sold 367 shares of the stock in a transaction on Monday, December 17th. The stock was sold at an average price of $134.34, for a total transaction of $49,302.78. Following the transaction, the director now owns 9,398 shares in the company, valued at approximately $1,262,527.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 548,729 shares of company stock worth $79,673,057. 6.00% of the stock is currently owned by company insiders.

Shares of CRM opened at $161.51 on Friday. salesforce.com, inc. has a 12 month low of $111.34 and a 12 month high of $166.15. The firm has a market cap of $124.52 billion, a PE ratio of 111.39, a price-to-earnings-growth ratio of 5.26 and a beta of 1.40. The company has a current ratio of 0.95, a quick ratio of 0.86 and a debt-to-equity ratio of 0.20.

salesforce.com (NYSE:CRM) last announced its quarterly earnings results on Monday, March 4th. The CRM provider reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.14. salesforce.com had a net margin of 8.36% and a return on equity of 8.42%. The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.56 billion. During the same quarter in the prior year, the business posted $0.35 EPS. Equities research analysts forecast that salesforce.com, inc. will post 1.31 earnings per share for the current fiscal year.

Several equities research analysts recently commented on CRM shares. Piper Jaffray Companies reduced their price target on shares of salesforce.com from $190.00 to $160.00 and set an “overweight” rating for the company in a research report on Wednesday, November 21st. Wedbush reiterated an “outperform” rating and issued a $180.00 target price (up previously from $160.00) on shares of salesforce.com in a research report on Monday, November 26th. Sanford C. Bernstein reiterated a “neutral” rating and issued a $149.00 target price on shares of salesforce.com in a research report on Wednesday, November 28th. Goldman Sachs Group reiterated a “buy” rating and issued a $168.00 target price on shares of salesforce.com in a research report on Wednesday, November 28th. Finally, BMO Capital Markets increased their target price on shares of salesforce.com from $174.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 28th. Three research analysts have rated the stock with a hold rating, thirty-five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $177.82.

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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.

Read More: Systematic Risk

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

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