Strs Ohio buys $87,118,597 stake in salesforce.com (CRM)

salesforce.com (CRM) : Strs Ohio scooped up 957 additional shares in salesforce.com during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 1,139,103 shares of salesforce.com which is valued at $87,118,597.salesforce.com makes up approximately 5.21% of Strs Ohio’s portfolio.

salesforce.com closed down -0.52 points or -0.68% at $75.69 with 33,59,285 shares getting traded on Wednesday. Post opening the session at $75.67, the shares hit an intraday low of $74.8 and an intraday high of $76.2 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Sigma Planning Corp reduced its stake in CRM by selling 3,426 shares or 46.33% in the most recent quarter. The Hedge Fund company now holds 3,968 shares of CRM which is valued at $303,473. salesforce.com makes up approx 0.04% of Sigma Planning Corp’s portfolio.Integral Derivatives boosted its stake in CRM in the latest quarter, The investment management firm added 7,044 additional shares and now holds a total of 10,139 shares of salesforce.com which is valued at $773,707. salesforce.com makes up approx 0.32% of Integral Derivatives’s portfolio.Waverton Investment Management Ltd reduced its stake in CRM by selling 39,011 shares or 9.88% in the most recent quarter. The Hedge Fund company now holds 355,989 shares of CRM which is valued at $26,400,144. salesforce.com makes up approx 2.01% of Waverton Investment Management Ltd’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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