Salesforce Com INC (CRM) Market Value Rose While Eulav Asset Management Cut by $3.88 Million Its Position

April 16, 2018 - By Adrian Mccoy

salesforce.com, inc. (NYSE:CRM) LogoInvestors sentiment decreased to 1.19 in 2017 Q4. Its down 0.15, from 1.34 in 2017Q3. It turned negative, as 39 investors sold CRM shares while 274 reduced holdings. 110 funds opened positions while 261 raised stakes. 608.21 million shares or 0.25% less from 609.74 million shares in 2017Q3 were reported. Bp Public Limited Liability, a United Kingdom-based fund reported 105,000 shares. 121,399 were accumulated by Main Street Research Ltd Liability Com. Highland Cap Limited Com holds 0.06% of its portfolio in salesforce.com, inc. (NYSE:CRM) for 8,338 shares. Boston Private Wealth Ltd Company reported 16,216 shares or 0.06% of all its holdings. National Bank Of The Ozarks holds 0.49% or 12,633 shares in its portfolio. Cibc National Bank Usa reported 2,380 shares. Washington Trust Comm holds 2,755 shares. Cap Advisers Limited Liability Company reported 17,808 shares stake. Arrow Corporation reported 39,073 shares. Kistler accumulated 100 shares. Quantbot Technology Ltd Partnership invested 0.19% of its portfolio in salesforce.com, inc. (NYSE:CRM). 1832 Asset Mgmt Lp reported 446 shares. First Manhattan has invested 0% of its portfolio in salesforce.com, inc. (NYSE:CRM). Northwestern Mutual Wealth owns 83,976 shares. Chevy Chase Inc holds 0.26% or 595,783 shares in its portfolio.

Since October 17, 2017, it had 3 insider buys, and 146 selling transactions for $102.26 million activity. Harris Parker sold $201,650 worth of stock or 1,850 shares. Benioff Marc also sold $1.11 million worth of salesforce.com, inc. (NYSE:CRM) on Friday, February 2. Roos John Victor sold $17,984 worth of salesforce.com, inc. (NYSE:CRM) on Thursday, March 8. Another trade for 943 shares valued at $110,027 was made by Hawkins Mark J on Monday, February 26. $105,957 worth of salesforce.com, inc. (NYSE:CRM) was sold by Martinez Maria on Friday, January 26. 290 shares were sold by Robbins Cynthia G., worth $32,908 on Thursday, February 22.

Eulav Asset Management decreased its stake in Salesforce Com Inc (CRM) by 13.52% based on its latest 2017Q4 regulatory filing with the SEC. Eulav Asset Management sold 38,000 shares as the company’s stock rose 10.89% while stock markets declined. The institutional investor held 243,000 shares of the prepackaged software company at the end of 2017Q4, valued at $24.84M, down from 281,000 at the end of the previous reported quarter. Eulav Asset Management who had been investing in Salesforce Com Inc for a number of months, seems to be less bullish one the $87.78B market cap company. The stock increased 0.64% or $0.76 during the last trading session, reaching $119.77. About 1.80M shares traded. salesforce.com, inc. (NYSE:CRM) has risen 39.46% since April 16, 2017 and is uptrending. It has outperformed by 27.91% the S&P500.

Eulav Asset Management, which manages about $2.35 billion and $2.12 billion US Long portfolio, upped its stake in Ulta Beauty Inc (NASDAQ:ULTA) by 14,000 shares to 51,000 shares, valued at $11.41 million in 2017Q4, according to the filing.

Analysts await salesforce.com, inc. (NYSE:CRM) to report earnings on May, 17. They expect $0.17 EPS, up 183.33 % or $0.11 from last year’s $0.06 per share. CRM’s profit will be $124.60M for 176.13 P/E if the $0.17 EPS becomes a reality. After $0.15 actual EPS reported by salesforce.com, inc. for the previous quarter, Wall Street now forecasts 13.33 % EPS growth.

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

Among 37 analysts covering Salesforce.com (NYSE:CRM), 33 have Buy rating, 1 Sell and 3 Hold. Therefore 89% are positive. Salesforce.com had 71 analyst reports since October 27, 2017 according to SRatingsIntel. Barclays Capital maintained salesforce.com, inc. (NYSE:CRM) on Thursday, March 1 with “Overweight” rating. Barclays Capital maintained salesforce.com, inc. (NYSE:CRM) rating on Wednesday, March 21. Barclays Capital has “Buy” rating and $140.0 target. Raymond James maintained it with “Buy” rating and $125.0 target in Wednesday, November 22 report. The company was maintained on Wednesday, November 8 by RBC Capital Markets. The firm has “Buy” rating by Robert W. Baird given on Wednesday, February 28. Citigroup maintained salesforce.com, inc. (NYSE:CRM) rating on Wednesday, February 21. Citigroup has “Buy” rating and $130 target. Morgan Stanley maintained salesforce.com, inc. (NYSE:CRM) on Friday, March 2 with “Overweight” rating. The firm has “Buy” rating by Deutsche Bank given on Wednesday, November 8. The rating was maintained by Piper Jaffray with “Buy” on Tuesday, November 21. The stock has “Buy” rating by Stifel Nicolaus on Wednesday, November 8.

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

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