National Pension Service buys $30,935,609 stake in salesforce.com (CRM)

salesforce.com (CRM) : National Pension Service scooped up 33,571 additional shares in salesforce.com during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 416,529 shares of salesforce.com which is valued at $30,935,609.salesforce.com makes up approximately 0.25% of National Pension Service’s portfolio.

Other Hedge Funds, Including , Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in CRM in the latest quarter, The investment management firm added 7,125 additional shares and now holds a total of 153,318 shares of salesforce.com which is valued at $11,386,928. salesforce.com makes up approx 0.25% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio. Contravisory Investment Management sold out all of its stake in CRM during the most recent quarter. The investment firm sold 27 shares of CRM which is valued $2,028.Hills Bank Trust Co boosted its stake in CRM in the latest quarter, The investment management firm added 975 additional shares and now holds a total of 9,430 shares of salesforce.com which is valued at $708,193. salesforce.com makes up approx 0.26% of Hills Bank Trust Co’s portfolio. New England Research Management added CRM to its portfolio by purchasing 6,300 company shares during the most recent quarter which is valued at $431,046. salesforce.com makes up approx 0.36% of New England Research Management’s portfolio.Boltwood Capital Management boosted its stake in CRM in the latest quarter, The investment management firm added 460 additional shares and now holds a total of 11,345 shares of salesforce.com which is valued at $776,225. salesforce.com makes up approx 0.62% of Boltwood Capital Management’s portfolio.

salesforce.com opened for trading at $70.98 and hit $76.16 on the upside on Friday, eventually ending the session at $74.27, with a gain of 5.15% or 3.64 points. The heightened volatility saw the trading volume jump to 2,50,05,645 shares. Company has a market cap of $50,440 M.

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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