Rail-splitter Capital Management buys $13,280,355 stake in salesforce.com (CRM)

salesforce.com (CRM) : Rail-splitter Capital Management scooped up 7,450 additional shares in salesforce.com during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 165,158 shares of salesforce.com which is valued at $13,280,355.salesforce.com makes up approximately 3.08% of Rail-splitter Capital Management’s portfolio.

Other Hedge Funds, Including , Quantitative Investment Management added CRM to its portfolio by purchasing 217,100 company shares during the most recent quarter which is valued at $17,457,011. salesforce.com makes up approx 0.79% of Quantitative Investment Management’s portfolio.Public Employees Retirement Association Of Colorado boosted its stake in CRM in the latest quarter, The investment management firm added 105,437 additional shares and now holds a total of 576,697 shares of salesforce.com which is valued at $47,173,815. salesforce.com makes up approx 0.38% of Public Employees Retirement Association Of Colorado’s portfolio.Financial Architects Inc boosted its stake in CRM in the latest quarter, The investment management firm added 700 additional shares and now holds a total of 1,136 shares of salesforce.com which is valued at $92,584. salesforce.com makes up approx 0.03% of Financial Architects Inc’s portfolio.Washington Trust Bank boosted its stake in CRM in the latest quarter, The investment management firm added 26 additional shares and now holds a total of 716 shares of salesforce.com which is valued at $57,917. salesforce.com makes up approx 0.01% of Washington Trust Bank’s portfolio.

salesforce.com closed down -0.16 points or -0.20% at $81.17 with 26,82,559 shares getting traded on Monday. Post opening the session at $81.38, the shares hit an intraday low of $81.035 and an intraday high of $81.52 and the price fluctuated in this range throughout the day.Shares ended Monday 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. BMO Capital Markets Initiated salesforce.com on Jun 15, 2016 to “Outperform”, Price Target of the shares are set at $98.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 .

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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