Ao Asset Management Llc increased its stake in Salesforce Com Inc (NYSE:CRM) by 62.5% based on its latest Q4 2015 regulatory filing with the SEC. Ao Asset Management Llc bought 247,500 shares as the company’s stock rose 7.53% with the market. The institutional investor held 643,500 shares of the prepackaged software company at the end of Q4, valued at $50.45 million, up from 396,000 at the end of the previous reported quarter. Ao Asset Management Llc who had been investing in Salesforce Com Inc since many months, is probably bullish the $49.05B market cap company. The stock increased 0.93% or $0.67 on March 24, hitting $72.44. About 2.70M shares traded hands. salesforce.com, inc. (NYSE:CRM) has risen 0.56% since August 19, 2015 and is uptrending. It has outperformed by 2.66% the S&P500.
Ao Asset Management Llc is a New York-based institutional investor with more than $35.00 million AUM in July, 2014. Taken from Ao Asset Management latest Adv, the fund reported to have 4 full and part-time employees. Among which 1 performing investment advisory and research functions.
The institutional sentiment increased to 1.67 in Q3 2015. Its up 0.33, from 1.34 in 2015Q2. The ratio increased, as 64 funds sold all CRM shares owned while 166 reduced positions. 86 funds bought stakes while 297 increased positions. They now own 537.92 million shares or 5.84% less from 571.28 million shares in 2015Q2.
Hhr Asset Management Llc holds 4.53% of its portfolio in CRM for 1.54 million shares. Fort Point Capital Partners Llc owns 104,200 shares or 4.44% of their US portfolio. Moreover, Highland Capital Management Lp has 4.23% invested in the company for 2.09 million shares. The North Carolina-based Afton Capital Management Llc has invested 4.11% in the stock. Mathes Company Inc., a New York-based fund reported 84,835 shares.
Since February 25, 2015, the stock had 0 insider purchases, and 14 sales for $21.96 million net activity. Hawkins Mark J sold 8,624 shares worth $677,248. Benioff Marc sold 25,000 shares worth $1.95 million. Harris Parker sold 5,000 shares worth $387,718. Martinez Maria sold 2,347 shares worth $184,099. The insider Conway Craig sold 400 shares worth $30,476.
Out of 44 analysts covering Salesforce.com (NYSE:CRM), 44 rate it “Buy”, 1 “Sell”, while 2 “Hold”. This means 94% are positive. $102 is the highest target while $60 is the lowest. The $87.98 average target is 17.15% above today’s ($72.44) stock price. Salesforce.com was the topic in 65 analyst reports since August 21, 2015 according to StockzIntelligence Inc. Jefferies maintained the stock on February 25 with “Hold” rating. Bernstein maintained it with “Underperform” rating and $66 target price in a November 19 report. FBR Capital maintained the shares of CRM in a report on February 25 with “Outperform” rating. Finally, Roth Capital maintained the stock with “Buy” rating in a November 19 report.
salesforce.com, inc. is a provider of enterprise cloud computing solutions that include apps and platform services, as well as professional services. The company has a market cap of $49.05 billion. The Firm focuses on customer relationship management . It currently has negative earnings. The Firm offers six core cloud services that include sales force automation, customer service and support, marketing automation, community management, analytics and a cloud platform for building custom applications.
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