As Salesforce Com INC (CRM) Shares Rose, Shareholder Jennison Associates LLC Decreased Stake

June 20, 2018 - By Nellie Frank

salesforce.com, inc. (NYSE:CRM) LogoInvestors sentiment increased to 1.44 in 2018 Q1. Its up 0.25, from 1.19 in 2017Q4. It is positive, as 48 investors sold CRM shares while 254 reduced holdings. 132 funds opened positions while 304 raised stakes. 608.53 million shares or 0.05% more from 608.21 million shares in 2017Q4 were reported. Highland Capital Mngmt Lp owns 13,000 shares. Bridgecreek Ltd Limited Liability Company stated it has 93,809 shares or 2.46% of all its holdings. Hsbc Public Limited Company has 0.15% invested in salesforce.com, inc. (NYSE:CRM). Montag A And Assocs Inc invested in 3,571 shares. Proshare Advsrs Limited Com has 126,645 shares for 0.1% of their portfolio. Miracle Mile Advisors Lc has invested 0.32% in salesforce.com, inc. (NYSE:CRM). San Francisco Sentry Invest Grp Inc (Ca) reported 4,181 shares or 0.14% of all its holdings. Badgley Phelps Bell has invested 0.87% in salesforce.com, inc. (NYSE:CRM). Corvex Management LP holds 3.29% or 626,000 shares in its portfolio. Triangle Secs Wealth Management holds 0.8% in salesforce.com, inc. (NYSE:CRM) or 11,992 shares. Creative Planning stated it has 0.02% in salesforce.com, inc. (NYSE:CRM). Rosenblum Silverman Sutton S F Ca holds 64,897 shares or 2.69% of its portfolio. Cypress Cap Mgmt Limited Liability Company (Wy) owns 0.44% invested in salesforce.com, inc. (NYSE:CRM) for 3,330 shares. Cim Inv Mangement Inc owns 7,377 shares. 3,116 were accumulated by Vident Investment Advisory Limited Liability Com.

Since January 3, 2018, it had 5 buys, and 219 sales for $166.24 million activity. BLOCK KEITH sold $1.23 million worth of stock or 10,000 shares. $620,022 worth of salesforce.com, inc. (NYSE:CRM) shares were sold by Benioff Marc. 143 shares were sold by Roos John Victor, worth $16,974. 16,845 shares were sold by Hawkins Mark J, worth $1.90 million on Friday, January 26. 6,000 shares were bought by Wojcicki Susan, worth $791,981 on Wednesday, May 30. On Thursday, February 22 Allanson Joe sold $36,425 worth of salesforce.com, inc. (NYSE:CRM) or 321 shares.

Jennison Associates Llc decreased its stake in Salesforce Com Inc (CRM) by 5.62% based on its latest 2018Q1 regulatory filing with the SEC. Jennison Associates Llc sold 1.00 million shares as the company’s stock rose 9.70% while stock markets declined. The institutional investor held 16.88M shares of the prepackaged software company at the end of 2018Q1, valued at $1.96B, down from 17.89M at the end of the previous reported quarter. Jennison Associates Llc who had been investing in Salesforce Com Inc for a number of months, seems to be less bullish one the $103.87 billion market cap company. The stock increased 0.22% or $0.3 during the last trading session, reaching $139.82. About 2.47M shares traded. salesforce.com, inc. (NYSE:CRM) has risen 40.20% since June 20, 2017 and is uptrending. It has outperformed by 27.63% the S&P500.

Jennison Associates Llc, which manages about $100.58 billion US Long portfolio, upped its stake in Exelixis Inc (NASDAQ:EXEL) by 1.00 million shares to 5.23M shares, valued at $115.83 million in 2018Q1, according to the filing. It also increased its holding in Accenture Plc Ireland (NYSE:ACN) by 23,454 shares in the quarter, for a total of 25,416 shares, and has risen its stake in Summit Hotel Pptys Inc (NYSE:INN).

Analysts await salesforce.com, inc. (NYSE:CRM) to report earnings on August, 28. They expect $0.12 earnings per share, up 33.33 % or $0.03 from last year’s $0.09 per share. CRM’s profit will be $89.15M for 291.29 P/E if the $0.12 EPS becomes a reality. After $0.52 actual earnings per share reported by salesforce.com, inc. for the previous quarter, Wall Street now forecasts -76.92 % negative EPS growth.

More notable recent salesforce.com, inc. (NYSE:CRM) news were published by: Seekingalpha.com which released: “Ignore Salesforce’s Valuation” on May 24, 2018, also Seekingalpha.com with their article: “Salesforce: Just A Wealth Of Superlatives” published on June 01, 2018, Fool.com published: “The 3 Things Salesforce Executives Can’t Stop Talking About” on June 04, 2018. More interesting news about salesforce.com, inc. (NYSE:CRM) were released by: Bizjournals.com and their article: “Salesforce unveils new offices in San Francisco’s tallest building, Salesforce Tower” published on May 22, 2018 as well as Seekingalpha.com‘s news article titled: “Salesforce.com: Impressive Quarter – Expect More” with publication date: June 01, 2018.

salesforce.com, inc. (NYSE:CRM) Ratings Coverage

Among 31 analysts covering Salesforce.com (NYSE:CRM), 29 have Buy rating, 0 Sell and 2 Hold. Therefore 94% are positive. Salesforce.com has $16400 highest and $12500 lowest target. $143.10’s average target is 2.35% above currents $139.82 stock price. Salesforce.com had 54 analyst reports since January 10, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, March 21 by UBS. As per Thursday, February 22, the company rating was maintained by Cowen & Co. The stock of salesforce.com, inc. (NYSE:CRM) earned “Buy” rating by Robert W. Baird on Wednesday, February 28. On Tuesday, February 20 the stock rating was maintained by Deutsche Bank with “Buy”. The firm earned “Outperform” rating on Wednesday, May 30 by Robert W. Baird. Bernstein upgraded salesforce.com, inc. (NYSE:CRM) on Thursday, May 3 to “Hold” rating. As per Thursday, March 1, the company rating was maintained by Citigroup. Stifel Nicolaus maintained it with “Buy” rating and $142.0 target in Wednesday, March 21 report. The rating was maintained by Deutsche Bank on Wednesday, May 30 with “Buy”. Credit Suisse maintained the shares of CRM in report on Thursday, March 1 with “Outperform” rating.

salesforce.com, inc. (NYSE:CRM) Institutional Positions Chart

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