Juncture Wealth Strategies Lowers stake in salesforce.com (CRM)

salesforce.com (CRM) : Juncture Wealth Strategies reduced its stake in salesforce.com by 5.34% during the most recent quarter end. The investment management company now holds a total of 13,728 shares of salesforce.com which is valued at $1,047,584 after selling 775 shares in salesforce.com , the firm said in a disclosure report filed with the SEC on Apr 11, 2016.salesforce.com makes up approximately 0.78% of Juncture Wealth Strategies’s portfolio.

salesforce.com opened for trading at $76.25 and hit $76.54 on the upside on Friday, eventually ending the session at $76.31, with a gain of 0.21% or 0.16 points. The heightened volatility saw the trading volume jump to 21,32,924 shares. Company has a market cap of $51,196 M.

Other Hedge Funds, Including , Mai Capital Management boosted its stake in CRM in the latest quarter, The investment management firm added 533 additional shares and now holds a total of 10,737 shares of salesforce.com which is valued at $796,256. salesforce.com makes up approx 0.07% of Mai Capital Management’s portfolio.British Columbia Investment Management Corp boosted its stake in CRM in the latest quarter, The investment management firm added 18,177 additional shares and now holds a total of 426,018 shares of salesforce.com which is valued at $31,593,495. salesforce.com makes up approx 0.30% of British Columbia Investment Management Corp’s portfolio. Chelsea Counsel Co sold out all of its stake in CRM during the most recent quarter. The investment firm sold 3,000 shares of CRM which is valued $222,480.First American Trust Fsb reduced its stake in CRM by selling 11,758 shares or 32.57% in the most recent quarter. The Hedge Fund company now holds 24,342 shares of CRM which is valued at $1,805,203. salesforce.com makes up approx 0.64% of First American Trust Fsb’s portfolio.

On the company’s financial health, salesforce.com reported $0.19 EPS for the quarter, based on the information available during the earnings call on Feb 24, 2016. Analyst had a consensus estimate of $0.19. The company had revenue of $1810.00 million for the quarter, compared to analysts expectations of $1790.68 million. The company’s revenue was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 EPS.

Many Wall Street Analysts have commented on salesforce.com. salesforce.com was Initiated by Macquarie to “Outperform” on Mar 4, 2016. Shares were Reiterated by FBR Capital on Feb 25, 2016 to “Outperform” and Lowered the Price Target to $ 82 from a previous price target of $88 .Company shares were Reiterated by Wedbush on Feb 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 95 from a previous price target of $92 .

salesforce.com inc. is a provider of enterprise cloud computing solutions that include apps and platform services as well as professional services. The Company focuses on customer relationship management (CRM). The Company offers six core cloud services that include sales force automation customer service and support marketing automation community management analytics and a cloud platform for building custom applications. The Company offers consulting deployment training implementation and integration services to its customers to facilitate the adoption of its cloud solutions. The Company delivers its solutions as a service through all the Internet browsers and on mobile devices on a subscription basis primarily through its direct sales efforts and indirectly through partners.

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