Gemmer Asset Management buys $1,285,595 stake in salesforce.com (CRM)

salesforce.com (CRM) : Gemmer Asset Management scooped up 50 additional shares in salesforce.com during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 15, 2016. The investment management firm now holds a total of 16,847 shares of salesforce.com which is valued at $1,285,595.salesforce.com makes up approximately 0.74% of Gemmer Asset Management’s portfolio.

salesforce.com opened for trading at $76.66 and hit $77.82 on the upside on Wednesday, eventually ending the session at $77.15, with a gain of 1.33% or 1.01 points. The heightened volatility saw the trading volume jump to 35,42,455 shares. Company has a market cap of $51,760 M.

Other Hedge Funds, Including , Falcon Point Capital reduced its stake in CRM by selling 258 shares or 5.35% in the most recent quarter. The Hedge Fund company now holds 4,564 shares of CRM which is valued at $348,279. salesforce.com makes up approx 0.06% of Falcon Point Capital’s portfolio.Independent Portfolio Consultants reduced its stake in CRM by selling 105 shares or 25.93% in the most recent quarter. The Hedge Fund company now holds 300 shares of CRM which is valued at $22,893. salesforce.com makes up approx 0.01% of Independent Portfolio Consultants’s portfolio.Proficio Capital Partners reduced its stake in CRM by selling 62 shares or 44.93% in the most recent quarter. The Hedge Fund company now holds 76 shares of CRM which is valued at $5,636.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.Hollencrest Securities reduced its stake in CRM by selling 6,561 shares or 67.22% in the most recent quarter. The Hedge Fund company now holds 3,200 shares of CRM which is valued at $237,312. salesforce.com makes up approx 0.04% of Hollencrest Securities’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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