RB Capital Management LLC boosted its position in shares of salesforce.com, inc. (NYSE:CRM) by 1.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,270 shares of the CRM provider’s stock after acquiring an additional 165 shares during the quarter. salesforce.com accounts for approximately 2.2% of RB Capital Management LLC’s investment portfolio, making the stock its 9th biggest position. RB Capital Management LLC’s holdings in salesforce.com were worth $2,735,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc boosted its holdings in salesforce.com by 4.6% during the 3rd 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. BlackRock Inc. raised its position in salesforce.com by 9.2% in the 4th quarter. BlackRock Inc. now owns 51,270,156 shares of the CRM provider’s stock valued at $7,022,474,000 after purchasing an additional 4,321,630 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in salesforce.com by 29,364.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 21,716,594 shares of the CRM provider’s stock valued at $159,000 after purchasing an additional 21,642,889 shares in the last quarter. Jennison Associates LLC raised its position in salesforce.com by 18.3% in the 4th quarter. Jennison Associates LLC now owns 19,671,694 shares of the CRM provider’s stock valued at $2,694,432,000 after purchasing an additional 3,041,293 shares in the last quarter. Finally, Northern Trust Corp raised its position in salesforce.com by 3.4% in the 4th quarter. Northern Trust Corp now owns 10,542,891 shares of the CRM provider’s stock valued at $1,444,059,000 after purchasing an additional 350,546 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

A number of equities research analysts have issued reports on the company. Bank of America reaffirmed a “buy” rating and issued a $200.00 price target on shares of salesforce.com in a research report on Monday, May 20th. OTR Global lowered salesforce.com to a “positive” rating in a research report on Wednesday, May 15th. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $180.00 price target on shares of salesforce.com in a research report on Wednesday, April 17th. Exane BNP Paribas assumed coverage on salesforce.com in a research report on Friday, March 29th. They issued an “outperform” rating on the stock. Finally, BNP Paribas assumed coverage on salesforce.com in a research report on Friday, March 29th. They issued an “outperform” rating on the stock. Three equities research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the stock. salesforce.com has a consensus rating of “Buy” and a consensus target price of $177.82.

In other salesforce.com news, CAO Joe Allanson sold 327 shares of salesforce.com stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $153.55, for a total transaction of $50,210.85. Following the transaction, the chief accounting officer now owns 30,619 shares of the company’s stock, valued at $4,701,547.45. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Craig Conway sold 200 shares of salesforce.com stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $153.00, for a total value of $30,600.00. Following the transaction, the director now directly owns 9,110 shares in the company, valued at approximately $1,393,830. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 436,931 shares of company stock worth $69,742,792. 5.50% of the stock is currently owned by corporate insiders.

Shares of NYSE CRM opened at $154.51 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.20. salesforce.com, inc. has a fifty-two week low of $113.60 and a fifty-two week high of $167.56. The stock has a market cap of $119.09 billion, a PE ratio of 106.56, a price-to-earnings-growth ratio of 5.75 and a beta of 1.37.

salesforce.com (NYSE:CRM) last issued its earnings results on Monday, March 4th. The CRM provider reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.14. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.56 billion. salesforce.com had a return on equity of 8.42% and a net margin of 8.36%. During the same quarter last year, the company earned $0.35 EPS. Equities analysts forecast that salesforce.com, inc. will post 1.18 EPS for the current year.

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salesforce.com 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.

See Also: Average Daily Trade Volume – ADTV

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

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