Janus Henderson Group PLC Buys 11,498,509 Shares of Salesforce.com Inc (CRM)
Janus Henderson Group PLC raised its stake in Salesforce.com Inc (NYSE:CRM) by 911.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,759,741 shares of the CRM provider’s stock after acquiring an additional 11,498,509 shares during the period. Salesforce.com makes up 0.8% of Janus Henderson Group PLC’s portfolio, making the stock its 13th biggest position. Janus Henderson Group PLC owned approximately 1.79% of Salesforce.com worth $1,104,945,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Shelton Capital Management bought a new position in shares of Salesforce.com in the second quarter worth approximately $513,000. TPG Group Holdings SBS Advisors Inc. grew its holdings in shares of Salesforce.com by 5.9% during the second quarter. TPG Group Holdings SBS Advisors Inc. now owns 32,648 shares of the CRM provider’s stock valued at $2,827,000 after buying an additional 1,819 shares during the last quarter. Optimum Investment Advisors grew its holdings in shares of Salesforce.com by 12.2% during the second quarter. Optimum Investment Advisors now owns 2,755 shares of the CRM provider’s stock valued at $239,000 after buying an additional 300 shares during the last quarter. AHL Partners LLP purchased a new stake in shares of Salesforce.com during the second quarter valued at approximately $1,297,000. Finally, L & S Advisors Inc purchased a new stake in shares of Salesforce.com during the second quarter valued at approximately $3,045,000. 86.06% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Salesforce.com Inc (NYSE CRM) traded down 0.026% during trading on Wednesday, reaching $95.335. 1,319,914 shares of the company traded hands. The firm’s 50 day moving average price is $94.26 and its 200-day moving average price is $89.07. Salesforce.com Inc has a 52 week low of $66.43 and a 52 week high of $98.22. The company’s market capitalization is $68.52 billion.
Salesforce.com (NYSE:CRM) last announced its quarterly earnings data on Tuesday, August 22nd. The CRM provider reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.24. The business had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Salesforce.com had a positive return on equity of 1.83% and a negative net margin of 0.85%. The company’s revenue for the quarter was up 25.7% compared to the same quarter last year. During the same period last year, the firm earned $0.24 earnings per share. Equities analysts anticipate that Salesforce.com Inc will post $1.32 EPS for the current fiscal year.
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CRM has been the subject of several analyst reports. Royal Bank Of Canada reissued a “buy” rating and set a $102.00 price target on shares of Salesforce.com in a research report on Monday, July 31st. Vetr lowered shares of Salesforce.com from a “strong-buy” rating to a “buy” rating and set a $97.77 price objective for the company. in a report on Tuesday, July 11th. Zacks Investment Research raised Salesforce.com from a “hold” rating to a “buy” rating and set a $102.00 price objective on the stock in a research report on Monday, August 21st. SunTrust Banks, Inc. began coverage on Salesforce.com in a research report on Monday, June 26th. They issued a “buy” rating and a $110.00 price objective on the stock. Finally, Northland Securities set a $105.00 target price on Salesforce.com and gave the company a “buy” rating in a research note on Saturday, June 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and forty-six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $102.62.
In other news, Vice Chairman Keith Block sold 10,000 shares of the firm’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $94.40, for a total value of $944,000.00. Following the sale, the insider now directly owns 24,154 shares in the company, valued at approximately $2,280,137.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Parker Harris sold 8,027 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $96.57, for a total transaction of $775,167.39. Following the completion of the sale, the insider now owns 51,572 shares in the company, valued at $4,980,308.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 546,571 shares of company stock valued at $50,256,790. 6.20% of the stock is currently owned by company insiders.
Salesforce.com Company Profile
Salesforce.com, inc. is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management (CRM). The Company focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies. The Company’s service offerings are configured and integrated with other platforms and enterprise applications.
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