salesforce.com, inc. (CRM) Shares Bought by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC lifted its holdings in salesforce.com, inc. (NYSE:CRM) by 13.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 5,158 shares of the CRM provider’s stock after purchasing an additional 615 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in salesforce.com were worth $706,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. US Bancorp DE boosted its stake in shares of salesforce.com by 0.5% during the 3rd quarter. US Bancorp DE now owns 221,102 shares of the CRM provider’s stock worth $35,162,000 after acquiring an additional 1,067 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of salesforce.com by 10.3% during the 3rd quarter. Victory Capital Management Inc. now owns 210,327 shares of the CRM provider’s stock worth $33,449,000 after acquiring an additional 19,562 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of salesforce.com by 5.9% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 112,073 shares of the CRM provider’s stock worth $17,824,000 after acquiring an additional 6,243 shares in the last quarter. Chicago Equity Partners LLC boosted its stake in shares of salesforce.com by 9.7% during the 3rd quarter. Chicago Equity Partners LLC now owns 6,530 shares of the CRM provider’s stock worth $1,038,000 after acquiring an additional 580 shares in the last quarter. Finally, Private Advisor Group LLC boosted its stake in shares of salesforce.com by 153.7% during the 3rd quarter. Private Advisor Group LLC now owns 31,544 shares of the CRM provider’s stock worth $5,016,000 after acquiring an additional 19,110 shares in the last quarter. Institutional investors and hedge funds own 83.17% of the company’s stock.

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CRM has been the subject of several research analyst reports. Bank of America restated a “buy” rating and set a $200.00 price target (up previously from $181.00) on shares of salesforce.com in a research report on Wednesday, February 27th. TheStreet upgraded shares of salesforce.com from a “c+” rating to a “b” rating in a research report on Thursday, January 31st. Stephens initiated coverage on shares of salesforce.com in a research report on Wednesday, January 16th. They set an “overweight” rating and a $183.00 price target for the company. Atlantic Securities initiated coverage on shares of salesforce.com in a research report on Wednesday, January 9th. They set an “overweight” rating and a $179.00 price target for the company. Finally, Wedbush upped their price target on shares of salesforce.com from $160.00 to $166.00 in a research report on Sunday, December 2nd. Three analysts have rated the stock with a hold rating, thirty-five have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $171.68.

CRM stock opened at $164.53 on Monday. The stock has a market capitalization of $123.40 billion, a price-to-earnings ratio of 365.62, a price-to-earnings-growth ratio of 5.23 and a beta of 1.37. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.86 and a quick ratio of 0.86. salesforce.com, inc. has a 12 month low of $111.34 and a 12 month high of $166.15.

In other salesforce.com news, CEO Keith Block sold 5,000 shares of the stock in a transaction dated Wednesday, February 27th. The shares were sold at an average price of $162.67, for a total value of $813,350.00. Following the completion of the sale, the chief executive officer now owns 29,089 shares in the company, valued at approximately $4,731,907.63. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Marc Benioff sold 157,472 shares of the stock in a transaction dated Wednesday, December 19th. The shares were sold at an average price of $133.21, for a total transaction of $20,976,845.12. Following the completion of the sale, the chairman now owns 32,179,928 shares of the company’s stock, valued at approximately $4,286,688,208.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 532,281 shares of company stock valued at $76,412,155. 6.00% of the stock is owned by insiders.

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About salesforce.com

salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management. The company offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, and gain insights through analytics and relationship intelligence, as well as deliver quotes, contracts, and invoices.

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