Webster Bank N. A. raised its stake in Salesforce.com Inc. (NYSE:CRM) by 5.6% during the third quarter, Holdings Channel reports. The institutional investor owned 29,102 shares of the CRM provider’s stock after buying an additional 1,555 shares during the period. Webster Bank N. A.’s holdings in Salesforce.com were worth $2,076,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Signaturefd LLC boosted its position in shares of Salesforce.com by 105.5% in the second quarter. Signaturefd LLC now owns 1,350 shares of the CRM provider’s stock worth $107,000 after buying an additional 693 shares during the period. M&R Capital Management Inc. purchased a new position in shares of Salesforce.com during the second quarter worth about $119,000. Ropes Wealth Advisors LLC boosted its position in shares of Salesforce.com by 128.2% in the second quarter. Ropes Wealth Advisors LLC now owns 1,796 shares of the CRM provider’s stock worth $143,000 after buying an additional 1,009 shares during the period. Mycio Wealth Partners LLC boosted its position in shares of Salesforce.com by 2.4% in the second quarter. Mycio Wealth Partners LLC now owns 1,879 shares of the CRM provider’s stock worth $149,000 after buying an additional 44 shares during the period. Finally, Trust Co. of Vermont boosted its position in shares of Salesforce.com by 123.8% in the second quarter. Trust Co. of Vermont now owns 1,936 shares of the CRM provider’s stock worth $154,000 after buying an additional 1,071 shares during the period. 85.24% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Salesforce.com (NYSE:CRM)

Shares of Salesforce.com Inc. (NYSE:CRM) traded down 1.28% during trading on Wednesday, hitting $72.00. 6,261,886 shares of the stock were exchanged. The firm has a 50 day moving average of $74.25 and a 200-day moving average of $77.52. The stock has a market cap of $50.16 billion, a PE ratio of 244.07 and a beta of 1.55. Salesforce.com Inc. has a 52-week low of $52.60 and a 52-week high of $84.48.

Salesforce.com (NYSE:CRM) last posted its quarterly earnings data on Thursday, November 17th. The CRM provider reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.12 billion. Salesforce.com had a net margin of 2.60% and a return on equity of 2.40%. The firm’s revenue was up 25.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.21 earnings per share. Equities research analysts anticipate that Salesforce.com Inc. will post $0.98 earnings per share for the current fiscal year.

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A number of research analysts recently issued reports on CRM shares. Morgan Stanley reissued an “overweight” rating and issued a $107.00 price objective on shares of Salesforce.com in a research note on Monday, September 26th. DA Davidson reissued a “neutral” rating and issued a $86.00 price objective on shares of Salesforce.com in a research note on Wednesday, August 31st. Royal Bank Of Canada decreased their price objective on shares of Salesforce.com from $91.00 to $85.00 and set an “outperform” rating on the stock in a research note on Thursday, September 1st. JMP Securities restated a “buy” rating on shares of Salesforce.com in a research report on Friday, November 18th. Finally, Wedbush restated an “outperform” rating and issued a $96.00 target price (down previously from $98.00) on shares of Salesforce.com in a research report on Thursday, September 1st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and forty-two have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $92.05.

In other news, Director Susan Wojcicki purchased 1,356 shares of the stock in a transaction on Monday, September 19th. The shares were acquired at an average price of $73.71 per share, with a total value of $99,950.76. Following the completion of the acquisition, the director now directly owns 14,147 shares of the company’s stock, valued at $1,042,775.37. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Parker Harris sold 5,000 shares of Salesforce.com stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $75.26, for a total transaction of $376,300.00. Following the transaction, the insider now directly owns 39,467 shares in the company, valued at approximately $2,970,286.42. The disclosure for this sale can be found here. 6.70% of the stock is currently owned by corporate insiders.

Salesforce.com Company Profile

salesforce.com, inc. is a provider of enterprise cloud computing solutions, with a focus on customer relationship management (CRM). The Company’s Customer Success Platform, including sales force automation, customer service and support, marketing automation, community management, analytics, application development, Internet of Things (IoT) integration and its professional cloud services, provide the next-generation platform of enterprise applications and services.

5 Day Chart for NYSE:CRM

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