Morgens Waterfall Vintiadis Co Inc Exits Position in salesforce.com (CRM)

salesforce.com (CRM) : Morgens Waterfall Vintiadis Co Inc has sold out all of its stake in salesforce.com during the most recent quarter, according to the disclosure filed by the company on Oct 12, 2016 with the SEC. The investment management company has sold out 16,000 shares of salesforce.com which is valued at $1,158,720.

Other Hedge Funds, Including , Nisa Investment Advisors reduced its stake in CRM by selling 14,903 shares or 8.97% in the most recent quarter. The Hedge Fund company now holds 151,165 shares of CRM which is valued at $10,947,369. salesforce.com makes up approx 0.14% of Nisa Investment Advisors’s portfolio.First Mercantile Trust Co reduced its stake in CRM by selling 2,127 shares or 12.24% in the most recent quarter. The Hedge Fund company now holds 15,244 shares of CRM which is valued at $1,080,952. salesforce.com makes up approx 0.15% of First Mercantile Trust Co’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in CRM in the latest quarter, The investment management firm added 139,700 additional shares and now holds a total of 3,330,380 shares of salesforce.com which is valued at $227,864,600. salesforce.com makes up approx 0.93% of Bnp Paribas Arbitrage Sa’s portfolio. West Oak Capital added CRM to its portfolio by purchasing 200 company shares during the most recent quarter which is valued at $13,684. salesforce.com makes up approx 0.01% of West Oak Capital’s portfolio.Washington Trust Bank boosted its stake in CRM in the latest quarter, The investment management firm added 37 additional shares and now holds a total of 753 shares of salesforce.com which is valued at $51,520. salesforce.com makes up approx 0.01% of Washington Trust Bank’s portfolio.

salesforce.com closed down -2.68 points or -3.57% at $72.42 with 1,64,25,353 shares getting traded on Tuesday. Post opening the session at $73.9, the shares hit an intraday low of $71.55 and an intraday high of $73.92 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, salesforce.com reported $0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 31, 2016. Analyst had a consensus of $0.22. The company had revenue of $2037.00 million for the quarter, compared to analysts expectations of $2019.61 million. The company’s revenue was up 25.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.

Many Wall Street Analysts have commented on salesforce.com. Shares were Reiterated by Mizuho on Sep 1, 2016 to “Buy” and Lowered the Price Target to $ 85 from a previous price target of $100 .Shares were Reiterated by BMO Capital Markets on Sep 1, 2016 to “Outperform” and Lowered the Price Target to $ 86 from a previous price target of $98 .Shares were Reiterated by RBC Capital Mkts on Sep 1, 2016 to “Outperform” and Lowered the Price Target to $ 85 from a previous price target of $91 .

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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