salesforce.com (CRM) : Jennison Associates scooped up 15,696 additional shares in salesforce.com during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 19,925,676 shares of salesforce.com which is valued at $1,479,481,443.salesforce.com makes up approximately 1.57% of Jennison Associates’s portfolio.
Other Hedge Funds, Including , Thompson Davis reduced its stake in CRM by selling 1,012 shares or 93.27% in the most recent quarter. The Hedge Fund company now holds 73 shares of CRM which is valued at $5,420. salesforce.com makes up approx 0.01% of Thompson Davis’s portfolio.Mizuho Trust Banking Ltd. boosted its stake in CRM in the latest quarter, The investment management firm added 39,683 additional shares and now holds a total of 998,984 shares of salesforce.com which is valued at $75,722,987. salesforce.com makes up approx 0.24% of Mizuho Trust Banking Ltd.’s portfolio. Glaxis Capital Management sold out all of its stake in CRM during the most recent quarter. The investment firm sold 5,000 shares of CRM which is valued $379,000.Next Financial Group Inc boosted its stake in CRM in the latest quarter, The investment management firm added 283 additional shares and now holds a total of 1,765 shares of salesforce.com which is valued at $134,987. salesforce.com makes up approx 0.05% of Next Financial Group Inc’s portfolio.
salesforce.com opened for trading at $75.13 and hit $75.98 on the upside on Tuesday, eventually ending the session at $75.92, with a gain of 1.74% or 1.3 points. The heightened volatility saw the trading volume jump to 27,06,299 shares. Company has a market cap of $50,935 M.
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.