Sumitomo Mitsui Asset Management Company LTD Stake in Salesforce Com INC (CRM) Has Raised as Stock Price Rose

March 17, 2018 - By Graig Alexander

Investors sentiment decreased to 1.34 in 2017 Q3. Its down 0.04, from 1.38 in 2017Q2. It turned negative, as 40 investors sold CRM shares while 234 reduced holdings. 73 funds opened positions while 295 raised stakes. 609.74 million shares or 0.30% less from 611.55 million shares in 2017Q2 were reported. Motley Fool Wealth Mgmt Ltd Liability Co holds 1.89% of its portfolio in, inc. (NYSE:CRM) for 237,099 shares. Barometer Capital Mgmt reported 54,500 shares. Wealthtrust has 51 shares. Hsbc Plc invested in 1.41 million shares or 0.21% of the stock. Nelson Van Denburg & Campbell Wealth Mgmt Group Inc Ltd Liability Company reported 167 shares. Jnba Fincl Advisors accumulated 1,828 shares. Fulton Comml Bank Na owns 15,209 shares for 0.11% of their portfolio. Ameritas Invest Prns owns 15,158 shares. Quantitative Systematic Strategies Lc stated it has 0.21% in, inc. (NYSE:CRM). Arrowgrass Cap Prtn (Us) Limited Partnership accumulated 58,625 shares. Two Sigma Secs Limited Liability has 7,518 shares for 0.06% of their portfolio. Mckinley Mgmt Limited Delaware stated it has 315,946 shares or 1.21% of all its holdings. 47.24M were accumulated by Price T Rowe Assoc Inc Md. 1.05 million are held by New York State Teachers Retirement Systems. Sg Americas Lc owns 22,857 shares.

Since September 19, 2017, it had 3 buys, and 125 insider sales for $72.23 million activity. Shares for $28,028 were sold by Conway Craig on Thursday, February 15. 4,906 shares valued at $465,040 were sold by Hawkins Mark J on Friday, September 22. BLOCK KEITH also sold $732,423 worth of, inc. (NYSE:CRM) on Tuesday, September 19. 5,000 shares were sold by Benioff Marc, worth $560,039. Roos John Victor also sold $14,607 worth of, inc. (NYSE:CRM) shares. $26,187 worth of, inc. (NYSE:CRM) was sold by Martinez Maria on Sunday, February 25.

Sumitomo Mitsui Asset Management Company Ltd increased its stake in Salesforce Com Inc (CRM) by 1.96% based on its latest 2017Q3 regulatory filing with the SEC. Sumitomo Mitsui Asset Management Company Ltd bought 33,859 shares as the company’s stock rose 7.28% with the market. The institutional investor held 1.76 million shares of the prepackaged software company at the end of 2017Q3, valued at $164.73 million, up from 1.73M at the end of the previous reported quarter. Sumitomo Mitsui Asset Management Company Ltd who had been investing in Salesforce Com Inc for a number of months, seems to be bullish on the $90.99 billion market cap company. The stock decreased 0.98% or $1.25 during the last trading session, reaching $125.97. About 6.66 million shares traded or 30.88% up from the average., inc. (NYSE:CRM) has risen 7.78% since March 17, 2017 and is uptrending. It has underperformed by 8.92% the S&P500.

Sumitomo Mitsui Asset Management Company Ltd, which manages about $6.41 billion US Long portfolio, decreased its stake in Healthcare Rlty Tr (NYSE:HR) by 222,596 shares to 200,104 shares, valued at $6.47M in 2017Q3, according to the filing. It also reduced its holding in Life Storage Inc by 104,418 shares in the quarter, leaving it with 7,710 shares, and cut its stake in Liberty Ppty Tr (NYSE:LPT)., inc. (NYSE:CRM) Ratings Coverage

Among 54 analysts covering (NYSE:CRM), 48 have Buy rating, 1 Sell and 5 Hold. Therefore 89% are positive. has $150.0 highest and $18 lowest target. $115.01’s average target is -8.70% below currents $125.97 stock price. had 225 analyst reports since August 21, 2015 according to SRatingsIntel. The stock of, inc. (NYSE:CRM) earned “Overweight” rating by Piper Jaffray on Thursday, May 19. As per Tuesday, November 21, the company rating was maintained by Piper Jaffray. The stock of, inc. (NYSE:CRM) has “Overweight” rating given on Thursday, September 1 by Morgan Stanley. BMO Capital Markets maintained, inc. (NYSE:CRM) on Sunday, August 20 with “Buy” rating. The stock has “Buy” rating by Stephens on Thursday, March 1. Benchmark maintained the shares of CRM in report on Friday, April 28 with “Outperform” rating. The firm has “Buy” rating by Wedbush given on Thursday, March 1. As per Friday, October 6, the company rating was maintained by RBC Capital Markets. The firm earned “Outperform” rating on Thursday, March 1 by Cowen & Co. Mizuho maintained it with “Buy” rating and $100 target in Thursday, May 19 report.

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