salesforce.com (CRM) : Rail-splitter Capital Management reduced its stake in salesforce.com by 11.76% during the Q4 period. The investment management company now holds a total of 124,618 shares of salesforce.com which is valued at $9,053,498 after selling 16,605 shares in salesforce.com according to the most recent disclosure to the SEC.salesforce.com makes up approximately 2.28% of Rail-splitter Capital Management’s portfolio.
Other Hedge Funds, Including , Redwood Investments boosted its stake in CRM during the Q4 period, The investment management firm added 12,502 additional shares and now holds a total of 42,997 shares of salesforce.com which is valued at $3,123,732. salesforce.com makes up approx 0.35% of Redwood Investments’s portfolio.Concert Wealth Management boosted its stake in CRM during the Q4 period, The investment management firm added 2,642 additional shares and now holds a total of 19,771 shares of salesforce.com which is valued at $1,436,363. salesforce.com makes up approx 0.18% of Concert Wealth Management’s portfolio.State Of Wisconsin Investment Board reduced its stake in CRM by selling 84,410 shares or 9.08% during the fourth quarter. The Hedge Fund company now holds 845,288 shares of CRM which is valued at $61,410,173. salesforce.com makes up approx 0.24% of State Of Wisconsin Investment Board’s portfolio. Ray Gerald L Associates Ltd added CRM to its portfolio by purchasing 2,575 company shares during the Fourth Quarter which is valued at $187,074. salesforce.com makes up approx 0.03% of Ray Gerald L Associates Ltd’s portfolio. Oppenheimerfunds added CRM to its portfolio by purchasing 3,577 company shares during the Fourth Quarter which is valued at $259,869.
On the company’s financial health, salesforce.com reported $0.19 EPS for the quarter, based on the information available during the earnings call on Feb 24, 2016. Analyst had a consensus estimate of $0.19. The company had revenue of $1810.00 million for the quarter, compared to analysts expectations of $1790.68 million. The company’s revenue was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 EPS.
Many Wall Street Analysts have commented on salesforce.com. salesforce.com was Initiated by Macquarie to “Outperform” on Mar 4, 2016. Shares were Reiterated by FBR Capital on Feb 25, 2016 to “Outperform” and Lowered the Price Target to $ 82 from a previous price target of $88 .Company shares were Reiterated by Wedbush on Feb 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 95 from a previous price target of $92 .
salesforce.com closed down -0.07 points or -0.10% at $72.65 with 59,95,902 shares getting traded on Friday. Post opening the session at $73.1, the shares hit an intraday low of $72.19 and an intraday high of $73.54 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.