Andra AP fonden Has $37.04 Million Stake in Salesforce, Inc. (NYSE:CRM)

Andra AP fonden decreased its position in Salesforce, Inc. (NYSE:CRM) by 37.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 110,798 shares of the CRM provider’s stock after selling 67,000 shares during the period. Andra AP fonden’s holdings in Salesforce were worth $37,043,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of CRM. Infrastructure Capital Advisors LLC acquired a new position in Salesforce in the third quarter valued at $27,000. Arlington Trust Co LLC lifted its holdings in Salesforce by 85.1% in the fourth quarter. Arlington Trust Co LLC now owns 87 shares of the CRM provider’s stock valued at $29,000 after buying an additional 40 shares during the period. Compass Financial Services Inc acquired a new position in Salesforce in the fourth quarter valued at $30,000. Asset Planning Inc acquired a new position in Salesforce in the fourth quarter valued at $31,000. Finally, Collier Financial acquired a new position in Salesforce in the fourth quarter valued at $32,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

Insider Buying and Selling

In other news, Director Robin L. Washington bought 1,695 shares of the stock in a transaction on Friday, February 28th. The shares were acquired at an average cost of $294.61 per share, for a total transaction of $499,363.95. Following the purchase, the director now directly owns 43,445 shares of the company’s stock, valued at $12,799,331.45. This trade represents a 4.06 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Parker Harris sold 942 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $339.78, for a total transaction of $320,072.76. Following the completion of the sale, the insider now owns 120,333 shares in the company, valued at $40,886,746.74. This represents a 0.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,108,793 shares of company stock valued at $383,156,227. Company insiders own 3.20% of the company’s stock.

Salesforce Stock Down 2.0 %

CRM opened at $286.01 on Friday. The company has a 50 day moving average of $324.79 and a 200 day moving average of $308.06. The company has a market cap of $273.72 billion, a PE ratio of 47.04, a price-to-earnings-growth ratio of 2.58 and a beta of 1.35. Salesforce, Inc. has a 12 month low of $212.00 and a 12 month high of $369.00. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM) last released its quarterly earnings data on Tuesday, December 3rd. The CRM provider reported $2.41 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.03). The business had revenue of $9.44 billion during the quarter, compared to the consensus estimate of $9.35 billion. Salesforce had a return on equity of 12.34% and a net margin of 15.96%. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the business posted $1.62 earnings per share. On average, sell-side analysts expect that Salesforce, Inc. will post 7.46 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CRM. Barclays upped their price objective on shares of Salesforce from $415.00 to $425.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Northland Securities reiterated an “outperform” rating and set a $440.00 price objective (up previously from $400.00) on shares of Salesforce in a report on Wednesday, December 4th. Erste Group Bank upgraded shares of Salesforce from a “hold” rating to a “buy” rating in a report on Tuesday, November 19th. BMO Capital Markets dropped their price objective on shares of Salesforce from $375.00 to $367.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. Finally, The Goldman Sachs Group upped their price objective on shares of Salesforce from $360.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, thirty-one have given a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, Salesforce has an average rating of “Moderate Buy” and a consensus price target of $365.62.

About Salesforce

Salesforce, Inc provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.