As Shire Plc (SHPG) Share Price Rose, Shareholder Sachem Head Capital Management LP Has Trimmed by $1.78 Million Its Stake; Dupont Capital Management Has Raised Its Salesforce.Com (CRM) Position by $2.03 Million; Share Price Rose

June 23, 2018 - By Pete Kolinski

salesforce.com, inc. (NYSE:CRM) Logo

Dupont Capital Management Corp increased its stake in Salesforce.Com Inc (CRM) by 23.95% based on its latest 2018Q1 regulatory filing with the SEC. Dupont Capital Management Corp bought 17,488 shares as the company’s stock rose 9.70% while stock markets declined. The institutional investor held 90,504 shares of the prepackaged software company at the end of 2018Q1, valued at $10.53M, up from 73,016 at the end of the previous reported quarter. Dupont Capital Management Corp who had been investing in Salesforce.Com Inc for a number of months, seems to be bullish on the $100.30B market cap company. The stock decreased 2.08% or $2.87 during the last trading session, reaching $135.01. About 7.57M shares traded or 45.70% up from the average. salesforce.com, inc. (NYSE:CRM) has risen 40.20% since June 23, 2017 and is uptrending. It has outperformed by 27.63% the S&P500. Some Historical CRM News: 06/03/2018 – Glancy Prongay & Murray LLP Commences Investigation on Behalf of Salesforce.com, Inc. (CRM) Investors; 09/05/2018 – Lucidchart Launches Lucidchart Sales Solution and Salesforce Integration to Empower Sales Teams to Improve Productivity and Com; 20/03/2018 – CNBC Wires: EXCLUSIVE-Salesforce in advanced talks to buy MuleSoft; 25/05/2018 – Salesforce Grants Equity Awards Under Its Inducement Equity Incentive Plan; 28/03/2018 – Vlocity Announces Industry Cloud Continuous Delivery™ Solutions for Salesforce, Powered by Copado; 20/03/2018 – SALESFORCE RAISES FY 2022 SALES GOAL TO $21B-23B ON MULESOFT; 05/04/2018 – GUIDANCE: Salesforce $Benchmark 5Y, 10Y; 26/04/2018 – Salesforce Closes Above 50-Day Moving Average: Technicals; 13/03/2018 – Salesforce launches simpler small business product, will discontinue Desk.com and SalesforceIQ; 10/04/2018 – Movember Foundation Teams Up With Swrve To Drive Engagement And Fundraising Across Multiple Channels

Scott Ferguson decreased its stake in Shire Plc (SHPG) by 0.97% based on its latest 2018Q1 regulatory filing with the SEC. Sachem Head Capital Management Lp sold 11,969 shares as the company’s stock rose 30.80% while stock markets declined. The hedge fund run by Scott Ferguson held 1.23 million shares of the major pharmaceuticals company at the end of 2018Q1, valued at $183.02 million, down from 1.24 million at the end of the previous reported quarter. Sachem Head Capital Management Lp who had been investing in Shire Plc for a number of months, seems to be less bullish one the $49.19 billion market cap company. The stock decreased 0.34% or $0.55 during the last trading session, reaching $161.85. About 357,909 shares traded. Shire plc (NASDAQ:SHPG) has declined 10.60% since June 23, 2017 and is downtrending. It has underperformed by 23.17% the S&P500. Some Historical SHPG News: 08/04/2018 – Daily Mail: Shire could turn Japanese within weeks; 08/05/2018 – Takeda Moves to Join Pharma Giants With $62 Billion Shire Deal; 24/04/2018 – Shire plc : Shire announces revised proposal and extension of PUSU deadline to 8 May 2018; 20/04/2018 – SHIRE CONSIDERING POSITION ON TAKEDA PROPOSAL; 16/04/2018 – SHIRE PLC SHP.L – SHIRE ANNOUNCES SALE OF ONCOLOGY BUSINESS TO SERVIER FOR $2.4 BLN; 09/05/2018 – Moody’s downgrades Takeda Pharmaceutical to A2; places ratings on review for further downgrade; 28/03/2018 – Takeda: No Certainty That an Approach To Shire Will Lead to Deal; 19/04/2018 – ADRs End Lower; Shire and Novartis Trade Actively; 16/05/2018 – REG-Shire plc: Rule 2.9 Announcement; 05/03/2018 – SHIRE U.S. FDA ACCEPTS NDA FOR PRUCALOPRIDE

Since January 3, 2018, it had 6 insider buys, and 222 insider sales for $168.46 million activity. $1.23 million worth of stock was sold by BLOCK KEITH on Tuesday, April 24. Weaver Amy E sold $59,054 worth of salesforce.com, inc. (NYSE:CRM) on Monday, January 22. Dayon Alexandre also sold $11.36 million worth of salesforce.com, inc. (NYSE:CRM) on Tuesday, March 20. The insider Robbins Cynthia G. sold $254,058. Allanson Joe sold $36,425 worth of stock. Shares for $163,364 were sold by Harris Parker.

Dupont Capital Management Corp, which manages about $36.48 billion and $4.14 billion US Long portfolio, decreased its stake in Colgate Palmolive Co (NYSE:CL) by 35,507 shares to 75,828 shares, valued at $5.44M in 2018Q1, according to the filing. It also reduced its holding in Vereit Inc by 57,592 shares in the quarter, leaving it with 137,075 shares, and cut its stake in Avalonbay Communities Inc (NYSE:AVB).

Among 57 analysts covering Salesforce.com (NYSE:CRM), 51 have Buy rating, 0 Sell and 6 Hold. Therefore 89% are positive. Salesforce.com had 249 analyst reports since August 21, 2015 according to SRatingsIntel. S&P Research maintained salesforce.com, inc. (NYSE:CRM) rating on Monday, August 24. S&P Research has “Buy” rating and $75 target. The company was maintained on Friday, November 18 by Wedbush. The firm earned “Overweight” rating on Thursday, May 19 by JP Morgan. Stifel Nicolaus maintained it with “Buy” rating and $150 target in Wednesday, May 30 report. On Thursday, March 1 the stock rating was maintained by BMO Capital Markets with “Outperform”. The stock of salesforce.com, inc. (NYSE:CRM) has “Buy” rating given on Thursday, November 19 by Roth Capital. On Friday, August 18 the stock rating was maintained by Cowen & Co with “Buy”. Goldman Sachs maintained it with “Buy” rating and $105 target in Thursday, May 19 report. The stock of salesforce.com, inc. (NYSE:CRM) earned “Buy” rating by Piper Jaffray on Tuesday, August 15. Robert W. Baird maintained it with “Buy” rating and $110.0 target in Tuesday, October 31 report.

More notable recent salesforce.com, inc. (NYSE:CRM) news were published by: Seekingalpha.com which released: “Salesforce: There’s No Stopping This Cloud Giant” on May 30, 2018, also Finance.Yahoo.com with their article: “Is Red Hat Stock a Falling Machete That’s Actually Worth Catching?” published on June 23, 2018, Fool.com published: “6 Reasons Salesforce Is Surging to All-Time Highs” on June 10, 2018. More interesting news about salesforce.com, inc. (NYSE:CRM) were released by: Finance.Yahoo.com and their article: “Salesforce.com Is Winning Big With Its Recent Investments” published on June 20, 2018 as well as Seekingalpha.com‘s news article titled: “Salesforce.com: A Screaming Sell” with publication date: June 21, 2018.

Investors sentiment increased to 1.44 in Q1 2018. Its up 0.25, from 1.19 in 2017Q4. It is positive, as 48 investors sold CRM shares while 254 reduced holdings. 132 funds opened positions while 304 raised stakes. 608.53 million shares or 0.05% more from 608.21 million shares in 2017Q4 were reported. Bridgecreek Management Ltd Liability Company accumulated 93,809 shares. 1,850 were accumulated by Paradigm Asset Mngmt. 11.24M were reported by Tiaa Cref Investment Management Limited Liability Co. Moreover, Camelot Portfolios Llc has 0.42% invested in salesforce.com, inc. (NYSE:CRM). Blume Cap Management Inc has invested 0.04% in salesforce.com, inc. (NYSE:CRM). Sachem Head Capital Mgmt Lp, a New York-based fund reported 1.96 million shares. Cornerstone Advsrs Inc stated it has 0.27% of its portfolio in salesforce.com, inc. (NYSE:CRM). State Street holds 0.24% or 24.79 million shares in its portfolio. Earnest Partners owns 0% invested in salesforce.com, inc. (NYSE:CRM) for 304 shares. Putnam Invests Ltd reported 1.95 million shares or 0.53% of all its holdings. Tiverton Asset Lc stated it has 13,332 shares. Adams Diversified Equity Fund, a Maryland-based fund reported 181,200 shares. Hwg Holdings LP invested in 2.2% or 20,372 shares. Price T Rowe Associate Md stated it has 0.81% in salesforce.com, inc. (NYSE:CRM). The Pennsylvania-based Valley National Advisers Incorporated has invested 0.08% in salesforce.com, inc. (NYSE:CRM).

Sachem Head Capital Management Lp, which manages about $1.04B and $3.00 billion US Long portfolio, upped its stake in Lowes Cos Inc (NYSE:LOW) by 65,000 shares to 2.53 million shares, valued at $221.57M in 2018Q1, according to the filing. It also increased its holding in Microsoft Corp (NASDAQ:MSFT) by 435,000 shares in the quarter, for a total of 3.80 million shares, and has risen its stake in Altaba Inc.

Analysts await Shire plc (NASDAQ:SHPG) to report earnings on August, 2. They expect $3.69 EPS, down 1.07% or $0.04 from last year’s $3.73 per share. SHPG’s profit will be $1.12 billion for 10.97 P/E if the $3.69 EPS becomes a reality. After $3.86 actual EPS reported by Shire plc for the previous quarter, Wall Street now forecasts -4.40% negative EPS growth.

Among 28 analysts covering Shire plc (ADR) (NASDAQ:SHPG), 23 have Buy rating, 0 Sell and 5 Hold. Therefore 82% are positive. Shire plc (ADR) had 79 analyst reports since July 22, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Monday, February 19 by J.P. Morgan. The company was maintained on Friday, October 6 by Stifel Nicolaus. The rating was maintained by SunTrust with “Buy” on Thursday, October 26. As per Monday, September 21, the company rating was upgraded by Barclays Capital. As per Thursday, August 6, the company rating was downgraded by BNP Paribas. The stock of Shire plc (NASDAQ:SHPG) has “Buy” rating given on Wednesday, November 15 by Susquehanna. Cowen & Co maintained the shares of SHPG in report on Friday, October 27 with “Buy” rating. The firm has “Buy” rating by HSBC given on Tuesday, November 3. Piper Jaffray maintained the shares of SHPG in report on Tuesday, July 25 with “Hold” rating. Goldman Sachs maintained the stock with “Buy” rating in Tuesday, June 28 report.

More notable recent Shire plc (NASDAQ:SHPG) news were published by: Digitaljournal.com which released: “Shire Plc (NASDAQ:SHPG) Shareholder Notice: Lawsuit over Failed Takeover by AbbVie Inc” on June 06, 2018, also Seekingalpha.com with their article: “Takeda secures $7.5B loan for Shire transaction” published on June 08, 2018, Benzinga.com published: “Caladrius Shares Extend Rally After FDA Grants Special Status To Cell Therapy” on June 20, 2018. More interesting news about Shire plc (NASDAQ:SHPG) were released by: Nasdaq.com and their article: “Shire Announces FDA Approval for Label Expansion of CINRYZE® for Prevention of Attacks in Pediatric HAE” published on June 21, 2018 as well as Seekingalpha.com‘s news article titled: “Key events next week – healthcare” with publication date: June 15, 2018.

salesforce.com, inc. (NYSE:CRM) Institutional Positions Chart

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Posts

>