Counsel Portfolio Services buys $6.7 Million stake in salesforce.com (CRM)

salesforce.com (CRM) : Counsel Portfolio Services scooped up 500 additional shares in salesforce.com during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 87,714 shares of salesforce.com which is valued at $6.7 Million.salesforce.com makes up approximately 0.66% of Counsel Portfolio Services’s portfolio.

Other Hedge Funds, Including , Winch Advisory Services reduced its stake in CRM by selling 37,101 shares or 59.28% in the most recent quarter. The Hedge Fund company now holds 25,483 shares of CRM which is valued at $1.9 Million. salesforce.com makes up approx 3.21% of Winch Advisory Services’s portfolio.Blackrock Fund Advisors reduced its stake in CRM by selling 477,720 shares or 5.39% in the most recent quarter. The Hedge Fund company now holds 8,378,007 shares of CRM which is valued at $639.8 Million. salesforce.com makes up approx 0.15% of Blackrock Fund Advisors’s portfolio.Smithfield Trust Co reduced its stake in CRM by selling 2,440 shares or 92.42% in the most recent quarter. The Hedge Fund company now holds 200 shares of CRM which is valued at $14,850. Quantitative Investment Management sold out all of its stake in CRM during the most recent quarter. The investment firm sold 25,900 shares of CRM which is valued $1.9 Million.

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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