Grassi Investment Management Has Upped Its Salesforce.Com (CRM) Position; Peregrine Pharmaceuticals Has 0 Sentiment

December 12, 2017 - By Stephen Andrade

Grassi Investment Management increased Salesforce.Com (CRM) stake by 28.54% reported in 2017Q2 SEC filing. Grassi Investment Management acquired 3,750 shares as Salesforce.Com (CRM)’s stock rose 7.28%. The Grassi Investment Management holds 16,888 shares with $1.46M value, up from 13,138 last quarter. Salesforce.Com now has $74.89B valuation. The stock decreased 0.82% or $0.8589 during the last trading session, reaching $103.6811. About 2.77M shares traded. Salesforce.com, inc. (NYSE:CRM) has risen 7.78% since December 12, 2016 and is uptrending. It has underperformed by 8.92% the S&P500.

Peregrine Pharmaceuticals, Inc., a biopharmaceutical company, researches and develops monoclonal antibodies for the treatment of cancer in the United States. The company has market cap of $196.21 million. The Company’s lead immunotherapy candidate is bavituximab, a monoclonal antibody that targets and binds to phosphatidylserine. It currently has negative earnings. The firm also provides integrated current good manufacturing practices services from cell line development to commercial bio manufacturing for its third-party customers.

Among 51 analysts covering Salesforce.com (NYSE:CRM), 44 have Buy rating, 1 Sell and 6 Hold. Therefore 86% are positive. Salesforce.com had 195 analyst reports since August 21, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Friday, October 27 by Jefferies. The company was maintained on Wednesday, August 16 by Stifel Nicolaus. The rating was maintained by Wedbush with “Outperform” on Wednesday, March 1. Northland Capital maintained the stock with “Buy” rating in Thursday, July 27 report. The firm has “Market Outperform” rating by JMP Securities given on Thursday, May 19. Canaccord Genuity maintained the shares of CRM in report on Thursday, September 3 with “Buy” rating. The stock has “Buy” rating by Canaccord Genuity on Monday, August 21. The stock of Salesforce.com, inc. (NYSE:CRM) earned “Overweight” rating by Morgan Stanley on Thursday, November 19. The stock has “Hold” rating by Pivotal Research on Wednesday, August 23. The firm has “Mixed” rating given on Monday, August 15 by OTR Global.

Grassi Investment Management decreased Wells Fargo & Co (NYSE:WFC) stake by 38,145 shares to 153,207 valued at $8.49M in 2017Q2. It also reduced Robert Half Intl (NYSE:RHI) stake by 55,000 shares and now owns 15,000 shares. Bank Of America (NYSE:BAC) was reduced too.

Since June 13, 2017, it had 0 insider buys, and 1 insider sale for $1.74 million activity. BLOCK KEITH also sold $855,221 worth of Salesforce.com, inc. (NYSE:CRM) on Thursday, June 15. On Thursday, June 15 Benioff Marc sold $857,337 worth of Salesforce.com, inc. (NYSE:CRM) or 10,000 shares. Conway Craig also sold $85,990 worth of Salesforce.com, inc. (NYSE:CRM) on Thursday, June 15. 8,027 shares valued at $700,850 were sold by Harris Parker on Tuesday, June 13. The insider Roos John Victor sold 228 shares worth $19,606.

Investors sentiment decreased to 1.34 in 2017 Q2. Its down 0.04, from 1.38 in 2017Q1. It worsened, as 50 investors sold CRM shares while 226 reduced holdings. 89 funds opened positions while 293 raised stakes. 611.55 million shares or 1.94% more from 599.94 million shares in 2017Q1 were reported. Loring Wolcott And Coolidge Fiduciary Advisors Llp Ma invested 0% of its portfolio in Salesforce.com, inc. (NYSE:CRM). Los Angeles Capital Mgmt & Equity reported 0.06% in Salesforce.com, inc. (NYSE:CRM). Raymond James Assocs, a Florida-based fund reported 664,019 shares. Raymond James Services Advisors invested in 266,829 shares or 0.16% of the stock. Quantitative Systematic Strategies Ltd Liability invested in 24,977 shares or 0.55% of the stock. 38.98M are held by Blackrock. Vantage Lc holds 0% or 50 shares. Natixis Asset Mngmt reported 0.15% in Salesforce.com, inc. (NYSE:CRM). Advisory Svcs Limited Co has invested 0.21% of its portfolio in Salesforce.com, inc. (NYSE:CRM). Rmb Ltd Liability Corporation has invested 0.04% in Salesforce.com, inc. (NYSE:CRM). Tower Rech Cap Lc (Trc) has 0% invested in Salesforce.com, inc. (NYSE:CRM) for 100 shares. Bp Public Limited Com invested 0.41% in Salesforce.com, inc. (NYSE:CRM). Asset Mgmt One Limited accumulated 0.24% or 1.07M shares. Tru Of Toledo Na Oh reported 4,300 shares stake. 468,270 are owned by Employees Retirement Of Ohio.

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