Salesforce Com INC (CRM) Holder Alyeska Investment Group LP Has Decreased Holding as Stock Value Rose

June 14, 2018 - By Lindsey Sherman

salesforce.com, inc. (NYSE:CRM) LogoInvestors sentiment increased to 1.44 in Q1 2018. Its up 0.25, from 1.19 in 2017Q4. It improved, 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. 675 were accumulated by Farmers & Merchants Invs. Cohen Lawrence B holds 1.47% or 18,900 shares. Ci Investments invested in 0% or 140 shares. Personal Advisors Corporation accumulated 293,786 shares or 0.53% of the stock. Lincoln accumulated 0.03% or 8,102 shares. The Kentucky-based Field And Main State Bank has invested 0.77% in salesforce.com, inc. (NYSE:CRM). Motley Fool Wealth Mgmt invested in 231,204 shares. Marble Arch Invests LP has 3.76% invested in salesforce.com, inc. (NYSE:CRM) for 416,400 shares. 42,282 were reported by Meag Munich Ergo Kapitalanlagegesellschaft Mbh. Cibc National Bank & Trust Usa stated it has 0.04% in salesforce.com, inc. (NYSE:CRM). Neville Rodie Shaw has 28,101 shares for 0.36% of their portfolio. Nikko Asset Mgmt Americas Incorporated has invested 1.53% in salesforce.com, inc. (NYSE:CRM). Rhumbline Advisers invested in 1.11 million shares or 0.27% of the stock. New York State Common Retirement Fund has 0.29% invested in salesforce.com, inc. (NYSE:CRM). Soros Fund Management Ltd has 117,126 shares for 0.22% of their portfolio.

Since December 15, 2017, it had 5 insider buys, and 209 selling transactions for $155.46 million activity. Shares for $16,974 were sold by Roos John Victor. $1.21M worth of salesforce.com, inc. (NYSE:CRM) shares were sold by BLOCK KEITH. Harris Parker sold 1,700 shares worth $215,203. Hawkins Mark J also sold $2.00 million worth of salesforce.com, inc. (NYSE:CRM) on Thursday, April 26. Another trade for 451 shares valued at $55,626 was sold by Robbins Cynthia G.. $791,981 worth of salesforce.com, inc. (NYSE:CRM) shares were bought by Wojcicki Susan.

Anand Parekh decreased its stake in Salesforce Com Inc (CRM) by 19.59% based on its latest 2018Q1 regulatory filing with the SEC. Alyeska Investment Group Lp sold 330,552 shares as the company’s stock rose 9.70% while stock markets declined. The hedge fund run by Anand Parekh held 1.36M shares of the prepackaged software company at the end of 2018Q1, valued at $157.77M, down from 1.69 million at the end of the previous reported quarter. Alyeska Investment Group Lp who had been investing in Salesforce Com Inc for a number of months, seems to be less bullish one the $101.41B market cap company. The stock increased 0.18% or $0.24 during the last trading session, reaching $136.5. About 5.81 million shares traded or 6.65% up from the average. salesforce.com, inc. (NYSE:CRM) has risen 40.20% since June 14, 2017 and is uptrending. It has outperformed by 27.63% the S&P500.

Alyeska Investment Group Lp, which manages about $3.14B and $11.01B US Long portfolio, upped its stake in Boeing Co (NYSE:BA) by 159,463 shares to 170,184 shares, valued at $55.80M in 2018Q1, according to the filing. It also increased its holding in Mastercard Incorporated (NYSE:MA) by 112,446 shares in the quarter, for a total of 492,711 shares, and has risen its stake in Michaels Cos Inc (NASDAQ:MIK).

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 284.38 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: 247Wallst.com which released: “Costco, Dollar General, HP and More Major Earnings Coming This Week” on May 27, 2018, also Fool.com with their article: “3 Reasons salesforce.com Stock Could Rise” published on June 07, 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: Seekingalpha.com and their article: “Ignore Salesforce’s Valuation” published on May 24, 2018 as well as Forbes.com‘s news article titled: “Spending On CRM Apps Predicted To Soar In 2018” with publication date: May 31, 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 4.84% above currents $136.5 stock price. Salesforce.com had 54 analyst reports since January 10, 2018 according to SRatingsIntel. The rating was maintained by Credit Suisse with “Buy” on Wednesday, March 21. The company was maintained on Wednesday, March 21 by UBS. The firm has “Buy” rating by Wells Fargo given on Thursday, March 1. The firm earned “Buy” rating on Wednesday, March 21 by Stifel Nicolaus. Credit Suisse maintained salesforce.com, inc. (NYSE:CRM) on Wednesday, May 30 with “Outperform” rating. UBS maintained salesforce.com, inc. (NYSE:CRM) rating on Tuesday, February 6. UBS has “Buy” rating and $135.0 target. Roth Capital maintained the stock with “Hold” rating in Thursday, May 31 report. The stock of salesforce.com, inc. (NYSE:CRM) earned “Buy” rating by Canaccord Genuity on Thursday, March 1. As per Wednesday, May 30, the company rating was maintained by Barclays Capital. Deutsche Bank maintained the stock with “Buy” rating in Tuesday, February 20 report.

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

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