salesforce.com, inc. (NYSE:CRM) Shares Bought by Triangle Securities Wealth Management

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Triangle Securities Wealth Management grew its holdings in shares of salesforce.com, inc. (NYSE:CRM) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,302 shares of the CRM provider’s stock after acquiring an additional 395 shares during the period. Triangle Securities Wealth Management’s holdings in salesforce.com were worth $1,685,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CRM. FMR LLC grew its holdings in salesforce.com by 3.5% during the 2nd quarter. FMR LLC now owns 89,621,104 shares of the CRM provider’s stock worth $12,224,319,000 after acquiring an additional 3,066,099 shares during the period. Vanguard Group Inc grew 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 worth $8,662,570,000 after acquiring an additional 2,398,648 shares during the period. Vanguard Group Inc. grew 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 worth $8,662,570,000 after acquiring an additional 2,398,648 shares during the period. BlackRock Inc. grew its holdings in salesforce.com by 5.1% during the 3rd quarter. BlackRock Inc. now owns 46,948,526 shares of the CRM provider’s stock worth $7,466,224,000 after acquiring an additional 2,292,873 shares during the period. Finally, PointState Capital LP grew its holdings in salesforce.com by 2,804.6% during the 3rd quarter. PointState Capital LP now owns 792,950 shares of the CRM provider’s stock worth $126,103,000 after acquiring an additional 765,650 shares during the period. Hedge funds and other institutional investors own 82.23% of the company’s stock.

NYSE:CRM traded up $1.74 during trading hours on Friday, hitting $156.67. The stock had a trading volume of 3,005,896 shares, compared to its average volume of 4,792,196. salesforce.com, inc. has a one year low of $102.37 and a one year high of $161.19. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market cap of $119.85 billion, a price-to-earnings ratio of 348.16, a PEG ratio of 5.08 and a beta of 1.37.

salesforce.com (NYSE:CRM) last posted its quarterly earnings data on Tuesday, November 27th. The CRM provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.11. salesforce.com had a net margin of 6.51% and a return on equity of 8.06%. The company had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.37 billion. During the same period in the previous year, the firm posted $0.39 EPS. The firm’s revenue was up 25.6% compared to the same quarter last year. Equities research analysts expect that salesforce.com, inc. will post 1.32 EPS for the current fiscal year.

CRM has been the topic of a number of research analyst reports. Wedbush increased their price objective on shares of salesforce.com from $160.00 to $166.00 in a research report on Sunday, December 2nd. TheStreet raised shares of salesforce.com from a “c+” rating to a “b” rating in a research report on Thursday, January 31st. Credit Suisse Group reiterated a “buy” rating and issued a $175.00 price objective on shares of salesforce.com in a research note on Wednesday, November 28th. Citigroup increased their price objective on shares of salesforce.com from $178.00 to $183.00 and gave the company a “buy” rating in a research note on Wednesday, November 28th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and issued a $160.00 price objective on shares of salesforce.com in a research note on Wednesday, November 28th. Three analysts have rated the stock with a hold rating, thirty-six have given a buy rating and one has given a strong buy rating to the stock. salesforce.com presently has an average rating of “Buy” and an average target price of $170.38.

In other salesforce.com news, insider Srinivas Tallapragada sold 362 shares of the business’s stock in a transaction on Wednesday, January 23rd. The shares were sold at an average price of $149.15, for a total value of $53,992.30. Following the completion of the sale, the insider now directly owns 1,517 shares of the company’s stock, valued at $226,260.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Marc Benioff sold 157,472 shares of the business’s stock in a transaction on Wednesday, December 19th. The stock was sold at an average price of $133.21, for a total transaction of $20,976,845.12. Following the completion of the sale, the chairman now directly owns 32,179,928 shares of the company’s stock, valued at $4,286,688,208.88. The disclosure for this sale can be found here. Insiders have sold a total of 531,829 shares of company stock valued at $73,328,115 over the last ninety days. 6.00% of the stock is currently owned by insiders.

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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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