BMO Raises Target Price on Salesforce.com

Cabot Wealth Management Has Trimmed Salesforce Com (CRM) Stake; First Mid Illinois Bancshares (FMBH)'s

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CRM. The 20-day Stochastic %k measure, which sits at 81.68%, tells a different story, and suggests that CRM now trades in overbought territory. Shell Asset Management Communication owns 72,296 shares. Peddock Capital Advisors LLC increased its position in Salesforce.com by 3,000.0% in the second quarter. Carlson Cap Ltd Partnership has 326,561 shares. Eqis Capital Mgmt accumulated 5,136 shares. 1St Advisors has 0.1% invested in salesforce.com, inc.

Aaron Cowen increased its stake in Salesforce Com Inc (CRM) by 135.02% based on its latest 2016Q4 regulatory filing with the SEC. Salesforce.com, inc. (CRM) is intriguing when broken down to its core data. Amalgamated Bancorp invested in 69,335 shares or 0.21% of the stock. Large ranges indicate high volatility and small ranges indicate low volatility. (NYSE:CRM) for 16,500 shares.

08/22/2017 - Salesforce.com Inc had its "buy" rating reiterated by analysts at BTIG Research. Its up 5.97% from 1.57M shares previously. Timber Hill Ltd Company invested in 0.01% or 28,551 shares.

August 23 investment analysts at Canaccord Genuity held the company rating at "Buy" but moved up the price target to $110.00 from $89.00. Profit, eliminating certain costs, reached 33 cents per share, while analysts were expecting 32 cents per share of adjusted profit on $2.52 billion in revenue.

ATR value of company was 1.36.

Credit Suisse reiterated an Outperform rating and raised its target to $115 from $110. Mizuho maintained it with "Buy" rating and $100 target in Thursday, May 19 report. The company was maintained on Thursday, November 19 by Jefferies. (NYSE:CRM) to report earnings on August, 30.

08/21/2017 - Salesforce.com Inc had its "outperform" rating reiterated by analysts at BMO Capital Markets. The correct version of this report can be viewed at https://www.truebluetribune.com/2017/08/23/salesforce-com-inc-crm-rating-increased-to-buy-at-zacks-investment-research.html. The firm has "Overweight" rating by Pacific Crest given on Thursday, November 19.

CRM has been the topic of a number of other reports. During the same quarter in the prior year, the business posted $0.24 EPS. CRM's profit will be $64.10 million for 256.39 P/E if the $0.09 EPS becomes a reality. Over the past month the firm's stock is 3.66%, 5.04% for the last quarter, 13.24% for the past six-months and 20.32% for the previous year.

Texas Permanent School Fund, which manages about $7.51B US Long portfolio, upped its stake in Crown Castle Intl Corp New (NYSE:CCI) by 4,066 shares to 108,024 shares, valued at $9.37M in 2016Q4, according to the filing.

Currently, the analyst consensus on Salesforce.com is Strong Buy and the average price target is $103.15, representing a 11.0% upside. Therefore 25% are positive. (NYSE:CRM) earned "Strong Buy" rating by Raymond James on Thursday, May 19. The company was maintained on Thursday, May 19 by Stifel Nicolaus. The firm has "Buy" rating by Cowen & Co given on Friday, August 18.

Institutional investors now hold around $58.33 billion or 86.9% in CRM stock. Janus Capital Management LLC boosted its position in Salesforce.com by 21.6% in the first quarter. The rating was downgraded by Citigroup on Wednesday, June 21 to "Neutral".

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