Bernicke Wealth Management Ltd. buys $796,790 stake in salesforce.com (CRM)

salesforce.com (CRM) : Bernicke Wealth Management Ltd. scooped up 66 additional shares in salesforce.com during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 9,761 shares of salesforce.com which is valued at $796,790.salesforce.com makes up approximately 0.70% of Bernicke Wealth Management Ltd.’s portfolio.

Other Hedge Funds, Including , Tiaa Cref Investment Management reduced its stake in CRM by selling 502,305 shares or 5.5% in the most recent quarter. The Hedge Fund company now holds 8,627,158 shares of CRM which is valued at $704,234,908. salesforce.com makes up approx 0.52% of Tiaa Cref Investment Management’s portfolio.Marvin Palmer Associates Inc boosted its stake in CRM in the latest quarter, The investment management firm added 4,000 additional shares and now holds a total of 29,700 shares of salesforce.com which is valued at $2,424,411. salesforce.com makes up approx 2.87% of Marvin Palmer Associates Inc’s portfolio.Nippon Life Insurance Co reduced its stake in CRM by selling 674 shares or 1.74% in the most recent quarter. The Hedge Fund company now holds 37,969 shares of CRM which is valued at $3,053,087. salesforce.com makes up approx 0.07% of Nippon Life Insurance Co’s portfolio.Cibc Asset Management Inc boosted its stake in CRM in the latest quarter, The investment management firm added 1,689 additional shares and now holds a total of 61,512 shares of salesforce.com which is valued at $4,946,180. salesforce.com makes up approx 0.04% of Cibc Asset Management Inc’s portfolio.Cypress Capital Management (wy) boosted its stake in CRM in the latest quarter, The investment management firm added 55 additional shares and now holds a total of 7,455 shares of salesforce.com which is valued at $609,819. salesforce.com makes up approx 0.78% of Cypress Capital Management (wy)’s portfolio.

salesforce.com opened for trading at $77.82 and hit $78.28 on the upside on Tuesday, eventually ending the session at $78.02, with a gain of 1.00% or 0.77 points. The heightened volatility saw the trading volume jump to 43,28,579 shares. Company has a market cap of $52,987 M.

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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