Morgenthaler Management Partners Ix Exits Position in salesforce.com (CRM)

salesforce.com (CRM) : Morgenthaler Management Partners Ix has sold out all of its stake in salesforce.com during the most recent quarter, according to the disclosure filed by the company on May 12, 2016 with the SEC. The investment management company has sold out 39,830 shares of salesforce.com which is valued at $3 Million.

Other Hedge Funds, Including , Scotia Capital boosted its stake in CRM in the latest quarter, The investment management firm added 4,707 additional shares and now holds a total of 20,516 shares of salesforce.com which is valued at $1.6 Million. salesforce.com makes up approx 0.04% of Scotia Capital’s portfolio.Pax World Management boosted its stake in CRM in the latest quarter, The investment management firm added 3,000 additional shares and now holds a total of 45,472 shares of salesforce.com which is valued at $3.5 Million. salesforce.com makes up approx 0.19% of Pax World Management’s portfolio.South Street Advisors boosted its stake in CRM in the latest quarter, The investment management firm added 2,770 additional shares and now holds a total of 148,890 shares of salesforce.com which is valued at $11.1 Million. salesforce.com makes up approx 3.74% of South Street Advisors’s portfolio.Meag Munich Ergo Kapitalanlagegesellschaft Mbh boosted its stake in CRM in the latest quarter, The investment management firm added 119,497 additional shares and now holds a total of 283,027 shares of salesforce.com which is valued at $21 Million. salesforce.com makes up approx 1.08% of Meag Munich Ergo Kapitalanlagegesellschaft Mbh’s portfolio. Richard Bernstein Advisors added CRM to its portfolio by purchasing 33,521 company shares during the most recent quarter which is valued at $2.5 Million. salesforce.com makes up approx 0.25% of Richard Bernstein Advisors’s portfolio.

salesforce.com closed down -0.07 points or -0.09% at $81.02 with 50,97,850 shares getting traded on Friday. Post opening the session at $81.6, the shares hit an intraday low of $80.72 and an intraday high of $81.82 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, salesforce.com reported $0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 18, 2016. Analyst had a consensus of $0.23. The company had revenue of $1.92 million for the quarter, compared to analysts expectations of $1892.96 million. The company’s revenue was down -99.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.16 EPS.

Many Wall Street Analysts have commented on salesforce.com. Company shares were Reiterated by Mizuho on May 19, 2016 to “Buy”, Firm has raised the Price Target to $ 100 from a previous price target of $90 .Company shares were Reiterated by Wunderlich on May 19, 2016 to “Buy”, Firm has raised the Price Target to $ 101 from a previous price target of $93 .Company shares were Reiterated by Stifel on May 19, 2016 to “Buy”, Firm has raised the Price Target to $ 93 from a previous price target of $85 .

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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