Institutional Heat: Salesforce.Com INC (CRM) Shareholder Thrivent Financial For Lutherans Has Increased Its Holding by $5.31 Million as Market Value Declined

Institutional Heat: Salesforce.Com INC (CRM) Shareholder Thrivent Financial For Lutherans Has Increased Its Holding by $5.31 Million as Market Value Declined

Thrivent Financial For Lutherans increased its stake in Salesforce.Com Inc (CRM) by 2.84% based on its latest 2016Q3 regulatory filing with the SEC. Thrivent Financial For Lutherans bought 74,780 shares as the company’s stock declined 10.65% while stock markets rallied. The institutional investor held 2.71 million shares of the prepackaged software company at the end of 2016Q3, valued at $193.41M, up from 2.64 million at the end of the previous reported quarter. Thrivent Financial For Lutherans who had been investing in Salesforce.Com Inc for a number of months, seems to be bullish on the $52.81B market cap company. The stock is up 2.43% or $1.8 after the positive news, hitting $75.78 per share. About 6.22 million shares traded hands or 6.87% up from the average. salesforce.com, inc. (NYSE:CRM) has declined 11.02% since June 7, 2016 and is downtrending. It has underperformed by 18.44% the S&P500.

Thrivent Financial For Lutherans, which manages about $82.94B and $21.92 billion US Long portfolio, decreased its stake in Cambrex Corp (NYSE:CBM) by 90,230 shares to 16,370 shares, valued at $728,000 in 2016Q3, according to the filing. It also reduced its holding in Whitewave Foods Co (NYSE:WWAV) by 97,350 shares in the quarter, leaving it with 814,910 shares, and cut its stake in Ishares Index Funds (IWO).

Thrivent Financial For Lutherans is a Minnesota-based institutional investor with more than $82.94 billion AUM in January, 2015. This fund invests only a small percentage of its assets in equities and options. Thrivent Financial For Lutherans is the 63th largest institutional investor in our database. Taken from Thrivent Financial For latest Adv, the fund reported to have 2308 full and part-time employees. Among which 283 performing investment advisory and research functions. The institutional investor had between 26-100 clients.

Insitutional Activity: The institutional sentiment decreased to 1.13 in Q3 2016. Its down 0.06, from 1.19 in 2016Q2. The ratio is negative, as 80 funds sold all CRM shares owned while 242 reduced positions. 92 funds bought stakes while 271 increased positions. They now own 569.46 million shares or 2.25% less from 582.56 million shares in 2016Q2. Rathbone Brothers Public Ltd Com owns 237,140 shares or 0.87% of their US portfolio. Mesirow Investment reported 8,205 shares or 0.03% of all its holdings. The New Hampshire-based Ledyard Comml Bank has invested 0.01% in salesforce.com, inc. (NYSE:CRM). One Trading Limited Partnership holds 18,183 shares or 0.01% of its portfolio. Stratos Wealth Ptnrs reported 3,160 shares or 0.02% of all its holdings. Mirae Asset Global Invests Com Ltd holds 30,997 shares or 0.05% of its portfolio. Wells Fargo Mn reported 5.41 million shares or 0.14% of all its holdings. Nuveen Asset Mgmt Llc, a Illinois-based fund reported 160,310 shares. Creative Planning has invested 0.02% of its portfolio in salesforce.com, inc. (NYSE:CRM). Central Bancorp Trust last reported 0.57% of its portfolio in the stock. Joel Isaacson Ltd accumulated 0.01% or 425 shares. First Limited Partnership last reported 2.78 million shares in the company. Jaffetilchin Inv Prtn accumulated 0.15% or 6,400 shares. Van Eck Corp last reported 242,160 shares in the company. Waddell & Reed Financial has 0.24% invested in the company for 1.62 million shares.

Insider Transactions: Since July 12, 2016, the stock had 5 buys, and 170 insider sales for $150.00 million net activity. Benioff Marc sold $731,091 worth of salesforce.com, inc. (NYSE:CRM) on Thursday, January 5. Wojcicki Susan bought 1,356 shares worth $99,957. Roos John Victor sold $12,390 worth of salesforce.com, inc. (NYSE:CRM) on Tuesday, August 16. Harris Parker also sold $165,755 worth of salesforce.com, inc. (NYSE:CRM) on Thursday, August 25. Conway Craig also sold $76,605 worth of salesforce.com, inc. (NYSE:CRM) on Tuesday, September 6. 992 shares were sold by Hawkins Mark J, worth $79,286. Norton Burke F also sold $13.35M worth of salesforce.com, inc. (NYSE:CRM) on Tuesday, November 15.

More news for salesforce.com, inc. (NYSE:CRM) were recently published by: Nasdaq.com, which released: “Agree To Purchase Salesforce.com At $40, Earn 4.8% Using Options” on January 05, 2017. Streetinsider.com‘s article titled: “Form 4 SALESFORCE COM INC For: Jan 09 Filed by: Wojcicki Susan” and published on January 11, 2017 is yet another important article.

According to Zacks Investment Research, “Salesforce.com is the market and technology leader in on-demand business services. The company’s Salesforce suite of on-demand CRM applications allows customers to manage and share all of their sales, support, marketing and partner information on-demand. The Salesforce Platform, the world’s first on- demand platform, enables customers, developers and partners to build powerful new on-demand applications that extend beyond CRM to deliver the benefits of multi-tenancy and The Business Web across the enterprise. The Salesforce Platform allows applications to be easily shared, exchanged and installed with a few simple clicks via salesforce.com’s AppExchange directory. Customers can also take advantage of Successforce, salesforce.com’s world-class training, support, consulting and best practices offerings.”

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

Out of 43 analysts covering Salesforce.com (NYSE:CRM), 39 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 91% are positive. Salesforce.com has been the topic of 105 analyst reports since August 21, 2015 according to StockzIntelligence Inc. The firm has “Market Outperform” rating by JMP Securities given on Thursday, May 19. The firm has “Hold” rating by Jefferies given on Thursday, May 19. The stock has “Buy” rating given by TH Capital on Thursday, November 19. On Friday, September 4 the stock rating was maintained by William Blair with “Buy”. The firm has “Sell” rating given on Thursday, August 27 by Jefferies. Vetr upgraded salesforce.com, inc. (NYSE:CRM) rating on Wednesday, August 19. Vetr has “Buy” rating and $82.45 price target. The stock of salesforce.com, inc. (NYSE:CRM) has “Buy” rating given on Thursday, November 19 by Wunderlich. Bank of America maintained the shares of CRM in a report on Saturday, August 22 with “Buy” rating. The rating was maintained by Barclays Capital on Thursday, May 19 with “Overweight”. OTR Global upgraded the shares of CRM in a report on Tuesday, November 15 to “Positive” rating.

CRM Company Profile

salesforce.com, inc., incorporated on February 3, 1999, is a well-known provider of enterprise cloud computing solutions, with a focus on customer relationship management (CRM). The Company’s Customer Success Platform, including sales force automation, customer service and support, marketing automation, community management, analytics, application development, Internet of Things (IoT) integration and its professional cloud services, provide the next-generation platform of enterprise applications and services. The Firm delivers its solutions as a service through all the Internet browsers and on mobile devices. It sells to businesses of all sizes and in a range of industries across the world on a subscription basis, primarily through its direct sales and also indirectly through partners.

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