OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in salesforce.com, inc. (NYSE:CRM) by 2.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,794 shares of the CRM provider’s stock after buying an additional 900 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in salesforce.com were worth $4,610,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. TLP Group LLC lifted its position in shares of salesforce.com by 353.9% in the first quarter. TLP Group LLC now owns 1,103 shares of the CRM provider’s stock worth $128,000 after purchasing an additional 860 shares in the last quarter. Private Capital Group LLC lifted its position in shares of salesforce.com by 91.9% in the first quarter. Private Capital Group LLC now owns 1,134 shares of the CRM provider’s stock worth $132,000 after purchasing an additional 543 shares in the last quarter. Resources Investment Advisors Inc. lifted its position in shares of salesforce.com by 328.2% in the second quarter. Resources Investment Advisors Inc. now owns 1,259 shares of the CRM provider’s stock worth $172,000 after purchasing an additional 965 shares in the last quarter. CWM LLC lifted its position in shares of salesforce.com by 95.8% in the second quarter. CWM LLC now owns 1,318 shares of the CRM provider’s stock worth $180,000 after purchasing an additional 645 shares in the last quarter. Finally, Signaturefd LLC purchased a new stake in shares of salesforce.com in the first quarter worth approximately $194,000. Hedge funds and other institutional investors own 82.75% of the company’s stock.

NYSE CRM opened at $155.07 on Friday. The company has a market capitalization of $120.34 billion, a price-to-earnings ratio of 344.60, a PEG ratio of 5.23 and a beta of 1.27. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.23. salesforce.com, inc. has a 52 week low of $94.83 and a 52 week high of $161.19.

salesforce.com (NYSE:CRM) last released its earnings results on Wednesday, August 29th. The CRM provider reported $0.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.24. salesforce.com had a return on equity of 8.27% and a net margin of 6.45%. The firm had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.23 billion. During the same quarter in the previous year, the business posted $0.33 EPS. The business’s quarterly revenue was up 27.3% compared to the same quarter last year. As a group, equities analysts expect that salesforce.com, inc. will post 1.22 EPS for the current year.

In other salesforce.com news, Director Susan Wojcicki purchased 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 25th. The shares were acquired at an average price of $146.22 per share, for a total transaction of $877,320.00. Following the purchase, the director now owns 77,426 shares in the company, valued at $11,321,229.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Victor Roos sold 176 shares of the company’s stock in a transaction on Thursday, July 12th. The shares were sold at an average price of $145.80, for a total value of $25,660.80. Following the completion of the transaction, the director now directly owns 13,217 shares in the company, valued at $1,927,038.60. The disclosure for this sale can be found here. In the last quarter, insiders have bought 18,000 shares of company stock worth $2,701,020 and have sold 541,217 shares worth $81,826,551. Corporate insiders own 6.00% of the company’s stock.

CRM has been the topic of several recent research reports. BMO Capital Markets raised shares of salesforce.com to a “top pick” rating in a research report on Friday, June 29th. Piper Jaffray Companies increased their price target on salesforce.com from $150.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, August 15th. Bank of America increased their price target on salesforce.com from $161.00 to $181.00 and gave the company a “buy” rating in a report on Tuesday, August 21st. UBS Group increased their price target on salesforce.com from $153.00 to $168.00 and gave the company a “buy” rating in a report on Wednesday, August 15th. Finally, Argus raised their price objective on shares of salesforce.com from $141.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, August 31st. Five equities research analysts have rated the stock with a hold rating, thirty-five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. salesforce.com presently has an average rating of “Buy” and an average price target of $164.62.

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: Marijuana Stocks Investing Considerations

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

Receive News & Ratings for salesforce.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for salesforce.com and related companies with MarketBeat.com's FREE daily email newsletter.