Raab & Moskowitz Asset Management LLC trimmed its holdings in shares of salesforce.com, inc. (NYSE:CRM) by 10.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,045 shares of the CRM providers stock after selling 1,025 shares during the period. Raab & Moskowitz Asset Management LLCs holdings in salesforce.com were worth $924,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Egerton Capital UK LLP purchased a new stake in salesforce.com in the 4th quarter worth about $294,547,000. Arrowstreet Capital Limited Partnership increased its holdings in salesforce.com by 323.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,568,872 shares of the CRM providers stock worth $364,846,000 after acquiring an additional 2,725,972 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in salesforce.com in the 4th quarter worth about $83,414,000. Janus Henderson Group PLC increased its holdings in salesforce.com by 5.3% in the 3rd quarter. Janus Henderson Group PLC now owns 13,435,212 shares of the CRM providers stock worth $1,255,082,000 after acquiring an additional 675,471 shares during the last quarter. Finally, Suvretta Capital Management LLC increased its holdings in salesforce.com by 34.8% in the 3rd quarter. Suvretta Capital Management LLC now owns 2,401,470 shares of the CRM providers stock worth $224,345,000 after acquiring an additional 619,520 shares during the last quarter. Institutional investors own 86.68% of the companys stock.
CRM has been the subject of a number of recent analyst reports. Zacks Investment Research lowered salesforce.com from a buy rating to a hold rating in a report on Thursday, March 8th. Vetr raised salesforce.com from a sell rating to a hold rating and set a $130.00 target price for the company in a report on Thursday, March 8th. Robert W. Baird reaffirmed a buy rating on shares of salesforce.com in a report on Thursday, March 1st. TheStreet raised salesforce.com from a c rating to a b- rating in a report on Wednesday, February 28th. Finally, Argus boosted their price objective on salesforce.com to $141.00 and gave the stock a buy rating in a report on Friday, March 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and forty-four have issued a buy rating to the companys stock. salesforce.com presently has a consensus rating of Buy and a consensus price target of $123.51.
Shares of salesforce.com, inc. (NYSE CRM) opened at $126.78 on Tuesday. salesforce.com, inc. has a 12 month low of $80.50 and a 12 month high of $128.20. The firm has a market capitalization of $91,570.00, a price-to-earnings ratio of 745.76, a P/E/G ratio of 5.86 and a beta of 1.25. The company has a quick ratio of 0.82, a current ratio of 0.92 and a debt-to-equity ratio of 0.07.
salesforce.com (NYSE:CRM) last released its earnings results on Wednesday, February 28th. The CRM provider reported $0.35 EPS for the quarter, topping analysts consensus estimates of $0.34 by $0.01. salesforce.com had a return on equity of 3.86% and a net margin of 1.22%. The firm had revenue of $2.85 billion for the quarter, compared to analysts expectations of $2.81 billion. During the same period in the prior year, the firm posted $0.28 earnings per share. The companys quarterly revenue was up 24.3% on a year-over-year basis. analysts predict that salesforce.com, inc. will post 0.9 EPS for the current year.
In other salesforce.com news, Director Susan Wojcicki purchased 6,000 shares of the stock in a transaction dated Tuesday, January 9th. The shares were purchased at an average cost of $109.14 per share, with a total value of $654,840.00. Following the completion of the acquisition, the director now directly owns 39,223 shares in the company, valued at approximately $4,280,798.22. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Craig Conway sold 1,548 shares of the companys stock in a transaction on Friday, December 15th. The shares were sold at an average price of $104.63, for a total value of $161,967.24. Following the transaction, the director now directly owns 9,614 shares in the company, valued at $1,005,912.82. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 263,557 shares of company stock worth $29,510,259. Corporate insiders own 6.20% of the companys stock.
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