Turtle Creek Wealth Advisors LLC Acquires Shares of 3,245 Salesforce Inc. $CRM

Turtle Creek Wealth Advisors LLC acquired a new position in shares of Salesforce Inc. (NYSE:CRMFree Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,245 shares of the CRM provider’s stock, valued at approximately $885,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Tlwm grew its stake in Salesforce by 0.8% during the 2nd quarter. Tlwm now owns 6,896 shares of the CRM provider’s stock valued at $1,880,000 after acquiring an additional 58 shares in the last quarter. Nvest Financial LLC grew its stake in Salesforce by 22.8% during the 2nd quarter. Nvest Financial LLC now owns 3,331 shares of the CRM provider’s stock valued at $908,000 after acquiring an additional 618 shares in the last quarter. Alta Capital Management LLC purchased a new position in Salesforce during the 2nd quarter valued at about $305,000. Bridges Investment Management Inc. grew its stake in Salesforce by 2.3% during the 2nd quarter. Bridges Investment Management Inc. now owns 4,045 shares of the CRM provider’s stock valued at $1,103,000 after acquiring an additional 90 shares in the last quarter. Finally, Callahan Advisors LLC grew its stake in Salesforce by 5.3% during the 2nd quarter. Callahan Advisors LLC now owns 33,094 shares of the CRM provider’s stock valued at $9,024,000 after acquiring an additional 1,660 shares in the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Insiders Place Their Bets

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

Salesforce Stock Down 1.3%

CRM opened at $236.60 on Thursday. The business has a 50 day moving average price of $244.22 and a 200 day moving average price of $258.21. Salesforce Inc. has a twelve month low of $226.48 and a twelve month high of $369.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market cap of $225.24 billion, a P/E ratio of 34.39, a price-to-earnings-growth ratio of 2.07 and a beta of 1.19.

Salesforce (NYSE:CRMGet Free Report) last posted its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.13. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The firm had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period in the previous year, the company earned $2.56 EPS. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Research analysts forecast that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wells Fargo & Company lowered their target price on Salesforce from $275.00 to $265.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 4th. Northland Capmk lowered Salesforce from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Needham & Company LLC reiterated a “buy” rating and set a $400.00 price target on shares of Salesforce in a report on Thursday, September 4th. Macquarie reiterated a “neutral” rating and set a $290.00 price target on shares of Salesforce in a report on Thursday, September 4th. Finally, BMO Capital Markets reduced their price target on Salesforce from $335.00 to $280.00 and set an “outperform” rating for the company in a report on Thursday, September 4th. Twenty-five equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $328.22.

View Our Latest Report on Salesforce

About Salesforce

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding CRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Salesforce Inc. (NYSE:CRMFree Report).

Institutional Ownership by Quarter for Salesforce (NYSE:CRM)

Receive News & Ratings for Salesforce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salesforce and related companies with MarketBeat.com's FREE daily email newsletter.