Salesforce Inc. $CRM Shares Purchased by RNC Capital Management LLC

RNC Capital Management LLC boosted its holdings in shares of Salesforce Inc. (NYSE:CRM) by 22.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,233 shares of the CRM provider’s stock after buying an additional 3,584 shares during the quarter. RNC Capital Management LLC’s holdings in Salesforce were worth $5,245,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Diversified Trust Co lifted its holdings in Salesforce by 30.1% during the 2nd quarter. Diversified Trust Co now owns 27,786 shares of the CRM provider’s stock worth $7,577,000 after buying an additional 6,430 shares in the last quarter. Neville Rodie & Shaw Inc. lifted its holdings in Salesforce by 4.6% during the 2nd quarter. Neville Rodie & Shaw Inc. now owns 59,970 shares of the CRM provider’s stock worth $16,353,000 after buying an additional 2,644 shares in the last quarter. AG2R LA Mondiale Gestion D Actifs acquired a new stake in Salesforce during the 1st quarter worth approximately $9,367,000. Jones Financial Companies Lllp lifted its holdings in Salesforce by 31.2% during the 1st quarter. Jones Financial Companies Lllp now owns 344,887 shares of the CRM provider’s stock worth $93,016,000 after buying an additional 81,916 shares in the last quarter. Finally, Wesbanco Bank Inc. lifted its holdings in Salesforce by 6.8% during the 2nd quarter. Wesbanco Bank Inc. now owns 110,968 shares of the CRM provider’s stock worth $30,260,000 after buying an additional 7,091 shares in the last quarter. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Salesforce

In other news, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction on Monday, October 20th. The shares were sold at an average price of $252.28, for a total value of $567,630.00. Following the completion of the sale, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $3,005,051,131.88. This trade represents a 0.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have sold 78,750 shares of company stock valued at $19,448,213. 3.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Citigroup increased their price objective on shares of Salesforce from $275.00 to $276.00 and gave the company a “neutral” rating in a research report on Tuesday, September 9th. Macquarie reissued a “neutral” rating and issued a $250.00 price objective on shares of Salesforce in a research report on Thursday, October 16th. KeyCorp dropped their price objective on shares of Salesforce from $440.00 to $400.00 and set an “overweight” rating on the stock in a research report on Thursday, September 4th. Robert W. Baird dropped their price objective on shares of Salesforce from $365.00 to $325.00 and set an “outperform” rating on the stock in a research report on Thursday, September 4th. Finally, Royal Bank Of Canada dropped their price objective on shares of Salesforce from $275.00 to $250.00 and set a “sector perform” rating on the stock in a research report on Thursday, September 4th. Twenty-five research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned 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 $325.23.

Salesforce Trading Down 2.5%

Shares of Salesforce stock opened at $256.78 on Thursday. Salesforce Inc. has a 1 year low of $226.48 and a 1 year 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 company has a market capitalization of $244.45 billion, a P/E ratio of 37.32, a PEG ratio of 2.17 and a beta of 1.19. The company’s fifty day moving average is $245.85 and its two-hundred day moving average is $257.92.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.13. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The company had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same period last year, the firm posted $2.56 EPS. Salesforce’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. Analysts forecast that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th were paid a $0.416 dividend. This represents a $1.66 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Wednesday, September 17th. Salesforce’s dividend payout ratio (DPR) is 24.13%.

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.