Generali Asset Management SPA SGR Decreases Holdings in Salesforce Inc. $CRM

Generali Asset Management SPA SGR trimmed its stake in Salesforce Inc. (NYSE:CRM) by 10.1% during the second quarter, Holdings Channel reports. The fund owned 83,247 shares of the CRM provider’s stock after selling 9,372 shares during the period. Generali Asset Management SPA SGR’s holdings in Salesforce were worth $22,701,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Salesforce by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock worth $23,592,501,000 after acquiring an additional 1,383,942 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Salesforce by 6.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,258,518 shares of the CRM provider’s stock valued at $2,484,616,000 after buying an additional 600,386 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Salesforce by 5.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,014,148 shares of the CRM provider’s stock worth $2,419,037,000 after acquiring an additional 437,435 shares during the last quarter. Nuveen LLC bought a new stake in Salesforce in the first quarter worth $2,039,196,000. Finally, Charles Schwab Investment Management Inc. grew its position in Salesforce by 4.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,362,035 shares of the CRM provider’s stock worth $1,707,316,000 after acquiring an additional 295,681 shares during the last quarter. Institutional investors own 80.43% of the company’s stock.

Insiders Place Their Bets

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $245.91, for a total value of $553,297.50. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at approximately $2,929,174,424.61. The trade was a 0.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders have sold 78,750 shares of company stock worth $19,572,233. 3.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CRM has been the topic of a number of research analyst reports. Royal Bank Of Canada reduced their price target on Salesforce from $275.00 to $250.00 and set a “sector perform” rating on the stock in a report on Thursday, September 4th. Macquarie reaffirmed a “neutral” rating and set a $290.00 target price on shares of Salesforce in a research note on Thursday, September 4th. Piper Sandler reduced their price target on shares of Salesforce from $335.00 to $315.00 and set an “overweight” rating on the stock in a research report on Thursday, September 4th. Oppenheimer reduced their target price on Salesforce from $370.00 to $315.00 and set an “outperform” rating on the stock in a report on Tuesday, August 26th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $325.00 target price on shares of Salesforce in a research report on Thursday, September 4th. Twenty-five research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $328.22.

Salesforce Stock Performance

Shares of CRM opened at $239.87 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14. The stock has a market cap of $228.36 billion, a P/E ratio of 34.87, a P/E/G ratio of 2.15 and a beta of 1.19. The business’s 50 day moving average price is $244.47 and its 200-day moving average price is $258.36. Salesforce Inc. has a 52 week low of $226.48 and a 52 week high of $369.00.

Salesforce (NYSE:CRM) last announced its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The business had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter in the previous year, the business earned $2.56 earnings per share. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Equities research analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Wednesday, September 17th were given a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, September 17th. Salesforce’s dividend payout ratio is 24.13%.

Salesforce Company Profile

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.