Terra Nova Asset Management buys $904,406 stake in salesforce.com (CRM)

salesforce.com (CRM) : Terra Nova Asset Management scooped up 4,810 additional shares in salesforce.com during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 11,097 shares of salesforce.com which is valued at $904,406.salesforce.com makes up approximately 1.50% of Terra Nova Asset Management’s portfolio.

Other Hedge Funds, Including , American Century Companies Inc boosted its stake in CRM in the latest quarter, The investment management firm added 1,161,596 additional shares and now holds a total of 3,297,549 shares of salesforce.com which is valued at $268,750,244. salesforce.com makes up approx 0.30% of American Century Companies Inc’s portfolio.Magee Thomson Investment Partners reduced its stake in CRM by selling 17,150 shares or 7.64% in the most recent quarter. The Hedge Fund company now holds 207,200 shares of CRM which is valued at $17,104,360. salesforce.com makes up approx 5.69% of Magee Thomson Investment Partners’s portfolio. Alta Capital Management sold out all of its stake in CRM during the most recent quarter. The investment firm sold 4,681 shares of CRM which is valued $386,417.Alpha Windward boosted its stake in CRM in the latest quarter, The investment management firm added 234 additional shares and now holds a total of 1,181 shares of salesforce.com which is valued at $95,531. salesforce.com makes up approx 0.07% of Alpha Windward’s portfolio.Cullinan Associates Inc boosted its stake in CRM in the latest quarter, The investment management firm added 1,600 additional shares and now holds a total of 25,690 shares of salesforce.com which is valued at $2,050,833. salesforce.com makes up approx 0.17% of Cullinan Associates Inc’s portfolio.

salesforce.com closed down -0.53 points or -0.64% at $81.8 with 29,96,289 shares getting traded on Friday. Post opening the session at $82.25, the shares hit an intraday low of $80.88 and an intraday high of $82.405 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. 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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