Banque Transatlantique SA Makes New $20.94 Million Investment in Salesforce, Inc. (NYSE:CRM)

Banque Transatlantique SA purchased a new stake in shares of Salesforce, Inc. (NYSE:CRM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 63,228 shares of the CRM provider’s stock, valued at approximately $20,941,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Bernard Wealth Management Corp. bought a new stake in shares of Salesforce in the 4th quarter valued at about $25,000. Accredited Wealth Management LLC bought a new position in shares of Salesforce in the 4th quarter worth $27,000. Arlington Trust Co LLC lifted its stake in shares of Salesforce by 85.1% during the 4th quarter. Arlington Trust Co LLC now owns 87 shares of the CRM provider’s stock worth $29,000 after purchasing an additional 40 shares during the last quarter. Compass Financial Services Inc bought a new stake in shares of Salesforce in the 4th quarter valued at about $30,000. Finally, Asset Planning Inc purchased a new position in shares of Salesforce in the 4th quarter worth approximately $31,000. 80.43% of the stock is currently owned by institutional investors.

Salesforce Stock Performance

NYSE:CRM opened at $275.21 on Friday. The company’s 50-day moving average is $269.34 and its two-hundred day moving average is $307.70. The firm has a market capitalization of $264.58 billion, a price-to-earnings ratio of 45.26, a PEG ratio of 2.58 and a beta of 1.38. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.11. Salesforce, Inc. has a 1-year low of $212.00 and a 1-year high of $369.00.

Salesforce Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Thursday, April 10th were paid a dividend of $0.42 per share. This is a boost from Salesforce’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, April 10th. This represents a $1.68 annualized dividend and a yield of 0.61%. Salesforce’s dividend payout ratio (DPR) is 26.10%.

Analyst Upgrades and Downgrades

CRM has been the topic of several analyst reports. Bank of America cut their price target on shares of Salesforce from $440.00 to $400.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Macquarie reaffirmed a “neutral” rating and set a $320.00 target price on shares of Salesforce in a research report on Thursday, March 20th. Needham & Company LLC reissued a “buy” rating and issued a $400.00 price target on shares of Salesforce in a report on Friday, April 25th. Oppenheimer decreased their price objective on shares of Salesforce from $415.00 to $380.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. Finally, Canaccord Genuity Group dropped their target price on shares of Salesforce from $415.00 to $400.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-two have assigned a buy rating and five have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $350.56.

Insider Buying and Selling at Salesforce

In other news, CFO Amy E. Weaver sold 6,221 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $335.94, for a total transaction of $2,089,882.74. Following the completion of the transaction, the chief financial officer now directly owns 46,750 shares in the company, valued at $15,705,195. This trade represents a 11.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Brian Millham sold 979 shares of Salesforce stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $253.66, for a total value of $248,333.14. Following the completion of the sale, the chief executive officer now directly owns 6,487 shares of the company’s stock, valued at $1,645,492.42. The trade was a 13.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,051 shares of company stock worth $15,027,714 over the last quarter. 3.20% of the stock is currently owned by company insiders.

About Salesforce

Salesforce, Inc provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.