As Salesforce Com (CRM) Share Price Rose, Light Street Capital Management Trimmed Its Stake; Blackrock (BLK) Stake Held by Carnegie Capital Asset Management Llc

BlackRock, Inc. (NYSE:BLK) Logo

Carnegie Capital Asset Management Llc increased its stake in Blackrock Inc (BLK) by 12.94% based on its latest 2018Q2 regulatory filing with the SEC. Carnegie Capital Asset Management Llc bought 3,523 shares as the company’s stock declined 11.68% while stock markets rallied. The institutional investor held 30,747 shares of the finance company at the end of 2018Q2, valued at $14.71M, up from 27,224 at the end of the previous reported quarter. Carnegie Capital Asset Management Llc who had been investing in Blackrock Inc for a number of months, seems to be bullish on the $62.38B market cap company. The stock decreased 1.78% or $7.13 during the last trading session, reaching $393.1. About 969,704 shares traded or 14.73% up from the average. BlackRock, Inc. (NYSE:BLK) has risen 9.67% since December 8, 2017 and is uptrending. It has underperformed by 5.95% the S&P500. Some Historical BLK News: 25/05/2018 – BlackRock Income and Growth Investment Trust Plc: Research Update; 22/03/2018 – BlackRock Emerging Europe Plc: Portfolio Update; 17/04/2018 – BlackRock Smaller Companies Trust Plc: Change in Investment Management Fee; 15/03/2018 – BLACKROCK’S CHRISTENSEN SPOKE IN INTERVIEW IN SAO PAULO; 18/05/2018 – Blackrock UK Smaller Companies Buys Into Curtis Banks Group Plc; 09/05/2018 – Moody’s Assigns Definitive Ratings To Seven Classes Of Notes Issued By Blackrock European Clo V Designated Activity Company; 25/05/2018 – REG-BlackRock Income: Statement re Privacy Policy; 28/03/2018 – ALGEBRIS, BLACKROCK HOLD STAKES JUST ABOVE 5% IN CREVAL: CONSOB; 12/04/2018 – BlackRock’s Fink Sees Market Rising But Trade War Poses Threat; 17/04/2018 – RPT-EXCLUSIVE-BlackRock’s biggest stock-picking fund likes Facebook shares

Light Street Capital Management Llc decreased its stake in Salesforce Com Inc (CRM) by 29.41% based on its latest 2018Q2 regulatory filing with the SEC. Light Street Capital Management Llc sold 2,500 shares as the company’s stock rose 13.82% with the market. The hedge fund held 6,000 shares of the prepackaged software company at the end of 2018Q2, valued at $818,000, down from 8,500 at the end of the previous reported quarter. Light Street Capital Management Llc who had been investing in Salesforce Com Inc for a number of months, seems to be less bullish one the $104.00B market cap company. The stock decreased 4.30% or $6.11 during the last trading session, reaching $135.95. About 6.23M shares traded. salesforce.com, inc. (NYSE:CRM) has risen 60.42% since December 8, 2017 and is uptrending. It has outperformed by 44.80% the S&P500. Some Historical CRM News: 20/03/2018 – MULESOFT INC – BOARDS OF SALESFORCE AND MULESOFT HAVE UNANIMOUSLY APPROVED DEAL; 20/03/2018 – After-hours buzz: FDX, MULE, CRM & more; 20/03/2018 – Techmeme: Sources: Salesforce is in advanced talks to acquire MuleSoft, with a deal possible as soon as this week; MuleSoft; 05/04/2018 – GUIDANCE: Salesforce $Benchmark 5Y, 10Y; 20/03/2018 – MULESOFT – SALESFORCE EXPECTS TO FUND CASH CONSIDERATION WITH CASH FROM BALANCE SHEET AND ABOUT $3.0 BLN OF PROCEEDS FROM DEBT SECURITIES; 29/05/2018 – Salesforce quarterly revenue rises 25.4 pct; 09/03/2018 – Salesforce Ventures: Investment Expected to Occur in 1Q of Fiscal 2019; 02/04/2018 – SALESFORCE.COM INC – EXPECTED ADOPTION OF BOTH ASC 606 AND ASC 340-40 STANDARDS WILL NOT IMPACT COMPANY’S OPERATING CASH FLOW; 08/05/2018 – Salesforce Recognized as a Leader in 2018 Gartner Magic Quadrant for Enterprise High-Productivity Application Platform as a Service; 02/04/2018 – S&PGR Rates Salesforce.com And Debt ‘A-‘; Outlook Stable

Among 58 analysts covering Salesforce.com (NYSE:CRM), 52 have Buy rating, 0 Sell and 6 Hold. Therefore 90% are positive. Salesforce.com had 274 analyst reports since August 21, 2015 according to SRatingsIntel. The stock of salesforce.com, inc. (NYSE:CRM) has “Outperform” rating given on Thursday, November 19 by Oppenheimer. Jefferies maintained the stock with “Sell” rating in Thursday, September 17 report. The rating was initiated by Needham with “Hold” on Thursday, February 16. The stock of salesforce.com, inc. (NYSE:CRM) earned “Overweight” rating by Barclays Capital on Thursday, May 19. On Tuesday, November 10 the stock rating was maintained by Barclays Capital with “Overweight”. The firm has “Overweight” rating given on Thursday, May 19 by Piper Jaffray. Stifel Nicolaus maintained salesforce.com, inc. (NYSE:CRM) on Tuesday, July 24 with “Buy” rating. The rating was maintained by Jefferies with “Hold” on Tuesday, September 26. The rating was maintained by Barclays Capital with “Overweight” on Thursday, September 1. The stock has “Outperform” rating by Wedbush on Friday, December 18.

Analysts await salesforce.com, inc. (NYSE:CRM) to report earnings on February, 27. They expect $0.23 earnings per share, up 53.33% or $0.08 from last year’s $0.15 per share. CRM’s profit will be $175.95M for 147.77 P/E if the $0.23 EPS becomes a reality. After $0.26 actual earnings per share reported by salesforce.com, inc. for the previous quarter, Wall Street now forecasts -11.54% negative EPS growth.

Investors sentiment increased to 1.61 in 2018 Q2. Its up 0.17, from 1.44 in 2018Q1. It is positive, as 40 investors sold CRM shares while 254 reduced holdings. 121 funds opened positions while 353 raised stakes. 610.03 million shares or 0.25% more from 608.53 million shares in 2018Q1 were reported. Calamos Wealth Mgmt Limited Liability Corporation owns 17,164 shares. Franklin Street Nc owns 1,527 shares for 0.03% of their portfolio. Deltec Asset Mgmt Limited Liability Company holds 37,500 shares. Buckingham Asset Management Ltd Liability Corp holds 3,418 shares. Plancorp Ltd Llc holds 0.33% of its portfolio in salesforce.com, inc. (NYSE:CRM) for 6,124 shares. Hwg Ltd Partnership reported 1.68% of its portfolio in salesforce.com, inc. (NYSE:CRM). Mai Mngmt reported 4,167 shares. Pennsylvania Trust has invested 0.03% of its portfolio in salesforce.com, inc. (NYSE:CRM). Jane Street Gp Ltd Company reported 146,663 shares. Lazard Asset Lc owns 350 shares or 0% of their US portfolio. State Of New Jersey Common Pension Fund D reported 346,755 shares. Sei Invests Co holds 0.57% or 1.24M shares. Tiger Eye Cap Lc stated it has 36,412 shares or 1% of all its holdings. Evergreen Cap Mngmt Ltd Liability Corporation holds 0.02% of its portfolio in salesforce.com, inc. (NYSE:CRM) for 1,555 shares. Aureus Asset Limited Liability Company stated it has 111,600 shares or 2.09% of all its holdings.

Light Street Capital Management Llc, which manages about $928.09 million and $1.43 billion US Long portfolio, upped its stake in Alibaba Group Hldg Ltd (NYSE:BABA) by 258,949 shares to 410,924 shares, valued at $76.24 million in 2018Q2, according to the filing. It also increased its holding in Amazon Com Inc (Call) (NASDAQ:AMZN) by 62,900 shares in the quarter, for a total of 146,800 shares, and has risen its stake in Stitch Fix Inc.

More notable recent salesforce.com, inc. (NYSE:CRM) news were published by: Seekingalpha.com which released: “Veeva: An Asymmetric Short – Seeking Alpha” on December 06, 2018, also Seekingalpha.com with their article: “Salesforce Knocks It Out Of The Park – Seeking Alpha” published on December 04, 2018, Seekingalpha.com published: “Salesforce.com, Inc. (CRM) Management Presents at 2018 Wells Fargo Tech Summit (Transcript) – Seeking Alpha” on December 05, 2018. More interesting news about salesforce.com, inc. (NYSE:CRM) were released by: Seekingalpha.com and their article: “Salesforce Reports Earnings Below The Cloud Of A Potential ‘Death Cross’ – Seeking Alpha” published on November 27, 2018 as well as Schaeffersresearch.com‘s news article titled: “Cloud Stocks CRM and NTNX Shine After Earnings – Schaeffers Research” with publication date: November 28, 2018.

Since June 5, 2018, it had 4 buys, and 189 selling transactions for $188.43 million activity. 5,000 salesforce.com, inc. (NYSE:CRM) shares with value of $716,614 were sold by Benioff Marc. Roos John Victor had sold 176 shares worth $24,614. The insider Weaver Amy E sold $780,059. BLOCK KEITH also sold $1.47M worth of salesforce.com, inc. (NYSE:CRM) on Thursday, July 26. On Thursday, November 22 Robbins Cynthia G. sold $119,042 worth of salesforce.com, inc. (NYSE:CRM) or 959 shares. 16,845 shares were sold by Hawkins Mark J, worth $2.48M.

More notable recent BlackRock, Inc. (NYSE:BLK) news were published by: Seekingalpha.com which released: “BlackRock Is Now In My Portfolio – Seeking Alpha” on November 30, 2018, also Businesswire.com with their article: “Envestnet and BlackRock Enter Strategic Relationship to Enhance the Financial Advisor Experience – Business Wire” published on November 27, 2018, Benzinga.com published: “Inside The Battle For ETF Supremacy – Benzinga” on November 12, 2018. More interesting news about BlackRock, Inc. (NYSE:BLK) were released by: Globenewswire.com and their article: “BlackRock┬« Canada Announces Estimated 2018 Annual Reinvested Capital Gains Distributions for the iShares┬« ETFs – GlobeNewswire” published on November 19, 2018 as well as Pehub.com‘s news article titled: “Buckingham named head of BlackRock Asia Pacific – PE Hub” with publication date: November 26, 2018.

Carnegie Capital Asset Management Llc, which manages about $792.00M and $1.31B US Long portfolio, decreased its stake in Lkq Corp (NASDAQ:LKQ) by 10,555 shares to 21,285 shares, valued at $714,000 in 2018Q2, according to the filing. It also reduced its holding in Discover Finl Svcs (NYSE:DFS) by 7,710 shares in the quarter, leaving it with 42,054 shares, and cut its stake in Tesla Inc (NASDAQ:TSLA).

Among 18 analysts covering BlackRock (NYSE:BLK), 14 have Buy rating, 0 Sell and 4 Hold. Therefore 78% are positive. BlackRock had 102 analyst reports since August 26, 2015 according to SRatingsIntel. Argus Research maintained the stock with “Buy” rating in Monday, January 18 report. The stock of BlackRock, Inc. (NYSE:BLK) earned “Hold” rating by Jefferies on Thursday, August 17. The firm has “Buy” rating given on Monday, June 19 by Bank of America. The company was maintained on Tuesday, July 17 by Barclays Capital. Credit Suisse maintained BlackRock, Inc. (NYSE:BLK) on Friday, August 11 with “Outperform” rating. The stock of BlackRock, Inc. (NYSE:BLK) has “Market Perform” rating given on Friday, July 15 by Keefe Bruyette & Woods. The firm has “Overweight” rating given on Monday, October 8 by JP Morgan. The rating was maintained by Barclays Capital on Thursday, October 13 with “Equal-Weight”. The stock of BlackRock, Inc. (NYSE:BLK) earned “Outperform” rating by Credit Suisse on Tuesday, July 18. The company was upgraded on Wednesday, September 16 by Gabelli.

Investors sentiment increased to 1.32 in Q2 2018. Its up 0.33, from 0.99 in 2018Q1. It improved, as 43 investors sold BLK shares while 303 reduced holdings. 109 funds opened positions while 346 raised stakes. 127.39 million shares or 1.82% less from 129.75 million shares in 2018Q1 were reported. Private Wealth Ptnrs Ltd Limited Liability Company has invested 0.79% in BlackRock, Inc. (NYSE:BLK). Private Ocean Lc, California-based fund reported 10 shares. Arizona State Retirement System invested 0.17% of its portfolio in BlackRock, Inc. (NYSE:BLK). Natixis LP accumulated 0.14% or 30,017 shares. Fred Alger Mgmt invested 0.06% in BlackRock, Inc. (NYSE:BLK). Boys Arnold & stated it has 0.05% of its portfolio in BlackRock, Inc. (NYSE:BLK). Granite Prns Lc stated it has 0.58% of its portfolio in BlackRock, Inc. (NYSE:BLK). Aperio Grp Inc Ltd Co holds 0.19% of its portfolio in BlackRock, Inc. (NYSE:BLK) for 80,629 shares. Sawgrass Asset Mngmt Lc accumulated 6,752 shares or 0.15% of the stock. Eulav Asset accumulated 8,000 shares or 0.18% of the stock. Alexandria Capital Ltd Liability Corporation has 0.05% invested in BlackRock, Inc. (NYSE:BLK). Associated Banc accumulated 50,148 shares. Gabelli Funds Ltd Liability holds 0.06% or 20,000 shares in its portfolio. Bradley Foster & Sargent Ct stated it has 1,435 shares. Norinchukin Financial Bank The has 7,679 shares for 0.06% of their portfolio.

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

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