As Salesforce Com INC (Call) (CRM) Stock Value Rose, Symmetry Peak Management LLC Has Lowered Its Position

June 17, 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. Natixis reported 31,475 shares. Sustainable Growth Advisers LP holds 4.12% or 2.98M shares. Pillar Pacific Capital Limited Liability Co holds 1.04% or 75,151 shares. Cahill Fin Advsrs Incorporated stated it has 0.14% of its portfolio in salesforce.com, inc. (NYSE:CRM). Cim Mangement Inc holds 0.29% or 7,377 shares. 675 are owned by Farmers Merchants. Nelson Roberts Inv Advsrs Limited Liability reported 73,261 shares. Tiverton Asset Mngmt Ltd Co invested in 0.11% or 13,332 shares. Juncture Wealth Strategies Ltd Liability accumulated 9,077 shares. Cohen Lawrence B holds 1.47% or 18,900 shares. Hall Laurie J Trustee stated it has 250 shares. Blackrock holds 0.24% or 42.44 million shares in its portfolio. Sigma Planning has invested 0.06% in salesforce.com, inc. (NYSE:CRM). Botty Limited Liability Com reported 0.01% stake. Johnson Investment Counsel owns 48,083 shares.

Since January 3, 2018, it had 5 insider buys, and 216 selling transactions for $165.22 million activity. Hawkins Mark J sold 16,846 shares worth $1.95M. Another trade for 5,000 shares valued at $631,975 was sold by Benioff Marc. $163,364 worth of stock was sold by Harris Parker on Tuesday, May 22. $14,773 worth of stock was sold by Roos John Victor on Thursday, February 22. Dayon Alexandre had sold 90,372 shares worth $11.36 million. Conway Craig also sold $69,414 worth of salesforce.com, inc. (NYSE:CRM) shares.

Frank Slattery decreased its stake in Salesforce Com Inc (Call) (CRM) by 26.92% based on its latest 2018Q1 regulatory filing with the SEC. Symmetry Peak Management Llc sold 35,000 shares as the company’s stock rose 9.70% while stock markets declined. The hedge fund run by Frank Slattery held 95,000 shares of the prepackaged software company at the end of 2018Q1, valued at $11.05M, down from 130,000 at the end of the previous reported quarter. Symmetry Peak Management Llc who had been investing in Salesforce Com Inc (Call) for a number of months, seems to be less bullish one the $102.83B market cap company. It closed at $138.41 lastly. It is up 40.20% since June 17, 2017 and is uptrending. It has outperformed by 27.63% the S&P500.

Symmetry Peak Management Llc, which manages about $356.28 million US Long portfolio, upped its stake in Powershares Qqq Trust (Call) (QQQ) by 432,500 shares to 437,500 shares, valued at $70.06 million in 2018Q1, according to the filing. It also increased its holding in Spdr S&P 500 Etf Tr (Put) (SPY) by 275,000 shares in the quarter, for a total of 290,000 shares, and has risen its stake in Splunk Inc (Call) (NASDAQ:SPLK).

Analysts await salesforce.com, inc. (NYSE:CRM) to report earnings on August, 28. They expect $0.12 EPS, up 33.33 % or $0.03 from last year’s $0.09 per share. CRM’s profit will be $89.15M for 288.35 P/E if the $0.12 EPS becomes a reality. After $0.52 actual EPS 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: “IPO Coverage: Avalara, Inc.” on June 15, 2018, also Bizjournals.com with their article: “Salesforce unveils new offices in San Francisco’s tallest building, Salesforce Tower” published on May 22, 2018, Seekingalpha.com published: “Salesforce: There’s No Stopping This Cloud Giant” on May 30, 2018. More interesting news about salesforce.com, inc. (NYSE:CRM) were released by: Seekingalpha.com and their article: “Salesforce: Just A Wealth Of Superlatives” published on June 01, 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 3.39% above currents $138.41 stock price. Salesforce.com had 54 analyst reports since January 10, 2018 according to SRatingsIntel. Barclays Capital maintained it with “Buy” rating and $127.0 target in Thursday, January 18 report. Credit Suisse maintained the stock with “Outperform” rating in Thursday, March 1 report. The firm has “Buy” rating by Robert W. Baird given on Wednesday, February 28. Mizuho maintained the stock with “Buy” rating in Thursday, March 1 report. KeyBanc Capital Markets maintained salesforce.com, inc. (NYSE:CRM) on Thursday, March 1 with “Overweight” rating. The rating was maintained by Robert W. Baird with “Outperform” on Wednesday, May 30. The firm earned “Buy” rating on Tuesday, February 6 by UBS. The stock has “Buy” rating by Citigroup on Wednesday, February 21. The rating was maintained by Citigroup with “Buy” on Thursday, March 1. The stock of salesforce.com, inc. (NYSE:CRM) earned “Buy” rating by Guggenheim on Thursday, March 1.

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

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