Cavalry Management Group LLC lowered its position in shares of salesforce.com, inc. (NYSE:CRM) by 2.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 171,889 shares of the CRM provider’s stock after selling 4,633 shares during the quarter. salesforce.com accounts for about 5.5% of Cavalry Management Group LLC’s holdings, making the stock its 9th largest position. Cavalry Management Group LLC’s holdings in salesforce.com were worth $23,527,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CRM. Oregon Public Employees Retirement Fund raised its holdings in shares of salesforce.com by 29,364.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,716,594 shares of the CRM provider’s stock valued at $159,000 after acquiring an additional 21,642,889 shares during the period. Lunia Capital LP acquired a new stake in shares of salesforce.com during the fourth quarter valued at approximately $5,811,000. BlackRock Inc. raised its holdings in shares of salesforce.com by 9.2% during the fourth quarter. BlackRock Inc. now owns 51,270,156 shares of the CRM provider’s stock valued at $7,022,474,000 after acquiring an additional 4,321,630 shares during the period. Jennison Associates LLC raised its holdings in shares of salesforce.com by 18.3% during the fourth quarter. Jennison Associates LLC now owns 19,671,694 shares of the CRM provider’s stock valued at $2,694,432,000 after acquiring an additional 3,041,293 shares during the period. Finally, Vanguard Group Inc raised its holdings in shares of salesforce.com by 4.6% during the third quarter. Vanguard Group Inc now owns 54,471,296 shares of the CRM provider’s stock valued at $8,662,570,000 after acquiring an additional 2,398,648 shares during the period. Institutional investors and hedge funds own 82.84% of the company’s stock.

salesforce.com stock opened at $161.51 on Friday. The company has a market capitalization of $124.52 billion, a price-to-earnings ratio of 111.39, a P/E/G 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, inc. has a twelve month low of $111.34 and a twelve month high of $166.15.

salesforce.com (NYSE:CRM) last posted its 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. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.56 billion. salesforce.com had a net margin of 8.36% and a return on equity of 8.42%. During the same period in the previous year, the firm posted $0.35 earnings per share. Equities research analysts forecast that salesforce.com, inc. will post 1.31 earnings per share for the current year.

A number of research firms have recently issued reports on CRM. Mizuho began coverage on shares of salesforce.com in a report on Wednesday. They set a “buy” rating and a $185.00 price target on the stock. Zacks Investment Research lowered shares of salesforce.com from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. Citigroup boosted their price target on shares of salesforce.com from $183.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Canaccord Genuity restated a “buy” rating and set a $175.00 price target (up previously from $165.00) on shares of salesforce.com in a report on Wednesday, March 6th. Finally, JMP Securities restated a “buy” rating and set a $178.00 price target on shares of salesforce.com in a report on Wednesday, March 6th. 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 presently has a consensus rating of “Buy” and a consensus target price of $177.82.

In other salesforce.com news, insider Mark J. Hawkins sold 9,066 shares of the business’s stock in a transaction that occurred on Monday, December 24th. The shares were sold at an average price of $121.93, for a total value of $1,105,417.38. Following the completion of the sale, the insider now directly owns 30,098 shares of the company’s stock, valued at $3,669,849.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Parker Harris sold 6,331 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $158.33, for a total transaction of $1,002,387.23. Following the completion of the sale, the insider now directly owns 31,257 shares of the company’s stock, valued at $4,948,920.81. The disclosure for this sale can be found here. Insiders sold 548,729 shares of company stock valued at $79,673,057 over the last three months. Insiders own 6.00% of the company’s stock.

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About salesforce.com

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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