Quantitative Investment Management adds salesforce.com (CRM) to its portfolio

salesforce.com (CRM) : Quantitative Investment Management added new position in salesforce.com during the most recent quarter end. The investment management firm now holds 217,100 shares of salesforce.com which is valued at $17,457,011 , the company said in a statement filed on Aug 2, 2016 with the SEC.salesforce.com makes up approximately 0.79% of Quantitative Investment Management’s portfolio.

Other Hedge Funds, Including , Nippon Life Insurance Co reduced its stake in CRM by selling 674 shares or 1.74% in the most recent quarter. The Hedge Fund company now holds 37,969 shares of CRM which is valued at $3,053,087. salesforce.com makes up approx 0.07% of Nippon Life Insurance Co’s portfolio.Tokio Marine Asset Management Co Ltd reduced its stake in CRM by selling 644 shares or 3.27% in the most recent quarter. The Hedge Fund company now holds 19,055 shares of CRM which is valued at $1,552,983. salesforce.com makes up approx 0.16% of Tokio Marine Asset Management Co Ltd’s portfolio.Huntington National Bank boosted its stake in CRM in the latest quarter, The investment management firm added 13,950 additional shares and now holds a total of 16,620 shares of salesforce.com which is valued at $1,354,530. salesforce.com makes up approx 0.03% of Huntington National Bank’s portfolio.La Financiere De L’echiquier reduced its stake in CRM by selling 5,450 shares or 9.34% in the most recent quarter. The Hedge Fund company now holds 52,900 shares of CRM which is valued at $4,345,206. salesforce.com makes up approx 3.48% of La Financiere De L’echiquier’s portfolio. Hamilton Lane Advisors sold out all of its stake in CRM during the most recent quarter. The investment firm sold 7,771 shares of CRM which is valued $632,015.

salesforce.com closed down -0.16 points or -0.20% at $81.17 with 26,82,559 shares getting traded on Monday. Post opening the session at $81.38, the shares hit an intraday low of $81.035 and an intraday high of $81.52 and the price fluctuated in this range throughout the day.Shares ended Monday 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. BMO Capital Markets Initiated salesforce.com on Jun 15, 2016 to “Outperform”, Price Target of the shares are set at $98.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 .

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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