Glaxis Capital Management Exits Position in salesforce.com (CRM)

salesforce.com (CRM) : Glaxis Capital Management has sold out all of its stake in salesforce.com during the most recent quarter, according to the disclosure filed by the company on Apr 26, 2016 with the SEC. The investment management company has sold out 5,000 shares of salesforce.com which is valued at $379,000.

salesforce.com opened for trading at $76.3 and hit $77.434 on the upside on Monday, eventually ending the session at $77.25, with a gain of 1.91% or 1.45 points. The heightened volatility saw the trading volume jump to 32,87,354 shares. Company has a market cap of $51,827 M.

Other Hedge Funds, Including , Glenmede Trust Co Na boosted its stake in CRM in the latest quarter, The investment management firm added 91 additional shares and now holds a total of 2,235 shares of salesforce.com which is valued at $169,413.Taylor Frigon Capital Management boosted its stake in CRM in the latest quarter, The investment management firm added 759 additional shares and now holds a total of 24,451 shares of salesforce.com which is valued at $1,853,386. salesforce.com makes up approx 1.97% of Taylor Frigon Capital Management’s portfolio.Transamerica Financial Advisors reduced its stake in CRM by selling 3,276 shares or 91.28% in the most recent quarter. The Hedge Fund company now holds 313 shares of CRM which is valued at $23,938.Trillium Asset Management boosted its stake in CRM in the latest quarter, The investment management firm added 1,519 additional shares and now holds a total of 140,222 shares of salesforce.com which is valued at $10,724,179. salesforce.com makes up approx 0.70% of Trillium Asset Management’s portfolio.Cornerstone Advisors boosted its stake in CRM in the latest quarter, The investment management firm added 27 additional shares and now holds a total of 3,517 shares of salesforce.com which is valued at $268,980. salesforce.com makes up approx 0.28% of Cornerstone Advisors’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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