Citigroup Inc (NYSE:C) & Symantec Corporation (NASDAQ:SYMC) Stocks in the Spotlight

Gladys Abbott
May 20, 2017

The company's quick move to render cloud services across all its products has allowed it to capture the leading market share in the CRM space. State Street Corp now owns 26,765,636 shares of the CRM provider's stock worth $1,832,372,000 after buying an additional 1,756,272 shares during the period. Weaver Amy E also sold $4,774 worth of salesforce.com, inc.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Janus Capital Management LLC raised its position in salesforce.com, inc.by 21.6% in the first quarter. 19,440 were accumulated by Partner Inv L P. D E Shaw And has invested 0.07% of its portfolio in salesforce.com, inc. Summit Global Investments raised its position in salesforce.com, inc.by 15.6% in the first quarter. UBS Asset Management Americas Inc. now owns 4,873,121 shares of the CRM provider's stock worth $347,599,000 after buying an additional 33,623 shares in the last quarter. Virtus Investment Advisers Inc stated it has 0.31% in salesforce.com, inc. Calamos Wealth Management Lc owns 0.38% invested in salesforce.com, inc. Institutional investors own 83.13% of the company's stock.

Dividend information for salesforce.com, inc. Eulav Asset Mngmt owns 305,000 shares for 1.12% of their portfolio. The stock's 50 day moving average price is $85.48 and its 200-day moving average price is $78.94. salesforce.com, inc. has a one year low of $66.43 and a one year high of $91.00. salesforce.com, inc. also was the recipient of unusually large options trading activity on Tuesday. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 2.22% with $671.97 Million sitting short, betting on future declines. This is an increase of 165% compared to the typical daily volume of 7,630 call options.

Following up a strong 2016 performance, Salesforce (NYSE:CRM) sustained its growth momentum with impressive Q1 results and managed to exceed market expectations for revenue and earnings per share (EPS) by almost 2% and 8%, respectively. That's compared to consensus estimates for earnings of $1.29 per share and $10.19 billion, respectively. The company had revenue of $2.39 billion for the quarter, compared to analysts' expectations of $2.35 billion. This year company's Earnings per Share (EPS) growth is 322.60% and next year's estimated EPS growth is 21.61%. Wall Street analysts polled by Thomson Reuters have a current recommendation of 1.80 on a consensus basis for the stock. He also sold 388 shares that are worth approx $33,739 Dollars in the last 30 days. (NYSE:CRM) news were published by: Investorplace.com which released: "Salesforce.com, Inc". If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States and worldwide copyright law.

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Salesforce.com, inc. (CRM) is an interesting player in the Technology space, with a focus on Application Software. Robert W. Baird reiterated an outperform rating and issued a $90.00 target price on shares of salesforce.com, inc.in a report on Saturday, March 25th.

Shares of Salesforce were last seen up 1% at $88.62 on Friday, with a consensus analyst price target of $97.89 and a 52-week trading range of $64.43 to $90.95. Cowen and Company restated an "outperform" rating and set a $100.00 price objective on shares of salesforce.com, inc.in a research report on Friday. Wedbush reissued an "outperform" rating and set a $102.00 price target (down previously from $105.00) on shares of salesforce.com, inc.in a research report on Monday. Morgan Stanley restated an "overweight" rating and issued a $107.00 price objective on shares of salesforce.com, inc.in a report on Wednesday, March 8th. This recommendation lands on a scale between 1 and 5. The firm has "Buy" rating given on Thursday, May 19 by Stifel Nicolaus. The correct version of this report can be viewed at https://transcriptdaily.com/2017/05/19/keith-block-sells-10000-shares-of-salesforce-com-inc-crm-stock-2-updated.html. The stock was sold at an average price of $87.19, for a total transaction of $871,900.00. The sale was disclosed in a filing with the SEC, which is available at this link. The shares were acquired at an average cost of $81.68 per share, for a total transaction of $99,976.32. Salesforce.com, inc. has far performed well this year, with the share price up 28.18% since January. The disclosure for this sale can be found here.

24 analysts polled by Zacks Research now have a mean target price of $96.541 on shares. Corporate insiders own 6.70% of the company's stock.

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