Bard Financial Services Inc. Invests $1.05 Million in salesforce.com, inc. (NYSE:CRM)


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Bard Financial Services Inc. bought a new position in shares of salesforce.com, inc. (NYSE:CRM) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,710 shares of the CRM provider’s stock, valued at approximately $1,048,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of salesforce.com by 1.9% during the fourth quarter. BlackRock Inc. now owns 65,415,954 shares of the CRM provider’s stock worth $14,557,012,000 after purchasing an additional 1,217,637 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of salesforce.com by 2.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 45,846,031 shares of the CRM provider’s stock worth $10,193,453,000 after purchasing an additional 876,975 shares during the period. Morgan Stanley increased its holdings in shares of salesforce.com by 13.8% during the fourth quarter. Morgan Stanley now owns 13,886,700 shares of the CRM provider’s stock worth $3,090,207,000 after purchasing an additional 1,680,084 shares during the period. Fisher Asset Management LLC increased its holdings in shares of salesforce.com by 5.0% during the fourth quarter. Fisher Asset Management LLC now owns 12,492,164 shares of the CRM provider’s stock worth $2,779,881,000 after purchasing an additional 599,727 shares during the period. Finally, Norges Bank acquired a new stake in shares of salesforce.com during the 4th quarter worth approximately $2,202,604,000. 80.20% of the stock is currently owned by institutional investors.

Several analysts recently issued reports on CRM shares. Barclays set a $276.00 price target on shares of salesforce.com and gave the stock a “buy” rating in a research report on Wednesday, December 9th. The Goldman Sachs Group raised shares of salesforce.com from a “buy” rating to a “conviction-buy” rating and set a $315.00 target price for the company in a research note on Monday, March 8th. Sanford C. Bernstein set a $233.00 target price on shares of salesforce.com and gave the stock a “neutral” rating in a research note on Friday, February 26th. TheStreet downgraded shares of salesforce.com from a “b” rating to a “c+” rating in a research note on Thursday, February 25th. Finally, Loop Capital raised shares of salesforce.com from a “sell” rating to a “hold” rating and set a $225.00 target price for the company in a research note on Monday, January 25th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-five have assigned a buy rating and three have given a strong buy rating to the stock. salesforce.com currently has an average rating of “Buy” and an average target price of $269.03.

Shares of NYSE:CRM opened at $220.79 on Thursday. salesforce.com, inc. has a one year low of $145.00 and a one year high of $284.50. The firm has a market capitalization of $203.35 billion, a price-to-earnings ratio of 57.65, a PEG ratio of 5.42 and a beta of 1.17. The company’s fifty day moving average price is $218.94 and its 200-day moving average price is $233.22. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.22 and a quick ratio of 1.22.

salesforce.com (NYSE:CRM) last announced its quarterly earnings data on Thursday, February 25th. The CRM provider reported $1.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.74. salesforce.com had a net margin of 17.53% and a return on equity of 6.63%. The company had revenue of $5.82 billion during the quarter, compared to analysts’ expectations of $5.68 billion. As a group, equities research analysts expect that salesforce.com, inc. will post 2.81 EPS for the current year.

In other salesforce.com news, CAO Joe Allanson sold 225 shares of the firm’s stock in a transaction dated Tuesday, March 23rd. The shares were sold at an average price of $215.95, for a total transaction of $48,588.75. Following the completion of the sale, the chief accounting officer now directly owns 31,439 shares in the company, valued at approximately $6,789,252.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Amy E. Weaver sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 1st. The shares were sold at an average price of $227.00, for a total transaction of $1,135,000.00. Following the sale, the chief financial officer now owns 26,486 shares of the company’s stock, valued at $6,012,322. The disclosure for this sale can be found here. Insiders have sold a total of 73,330 shares of company stock valued at $16,256,366 in the last three months. 4.40% of the stock is currently owned by corporate insiders.

salesforce.com Profile

salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management worldwide. 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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