Assetmark Inc. Has $50.82 Million Stock Holdings in Salesforce Inc. $CRM

Assetmark Inc. cut its position in Salesforce Inc. (NYSE:CRM) by 0.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 186,379 shares of the CRM provider’s stock after selling 1,555 shares during the period. Assetmark Inc.’s holdings in Salesforce were worth $50,824,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CRM. Nuveen LLC acquired a new stake in shares of Salesforce in the 1st quarter valued at about $2,039,196,000. Longview Partners Guernsey LTD acquired a new position in Salesforce during the 1st quarter valued at about $467,944,000. Pacer Advisors Inc. boosted its stake in Salesforce by 1,744.0% during the 1st quarter. Pacer Advisors Inc. now owns 1,820,262 shares of the CRM provider’s stock valued at $488,486,000 after purchasing an additional 1,721,550 shares during the last quarter. Vanguard Group Inc. boosted its stake in Salesforce by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock valued at $23,592,501,000 after purchasing an additional 1,383,942 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. acquired a new position in Salesforce during the 1st quarter valued at about $345,100,000. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Salesforce Price Performance

Shares of NYSE CRM opened at $256.90 on Friday. Salesforce Inc. has a twelve month low of $226.48 and a twelve month high of $369.00. The stock’s 50 day moving average price is $247.26 and its 200-day moving average price is $258.02. The company has a market capitalization of $244.57 billion, a PE ratio of 37.34, a PEG ratio of 2.11 and a beta of 1.19. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14.

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

Salesforce Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Wednesday, September 17th. Salesforce’s payout ratio is 24.13%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CRM shares. Wells Fargo & Company cut their price target on Salesforce from $275.00 to $265.00 and set an “equal weight” rating for the company in a research note on Thursday, September 4th. Royal Bank Of Canada cut their price target on Salesforce from $275.00 to $250.00 and set a “sector perform” rating for the company in a research note on Thursday, September 4th. BMO Capital Markets cut their price target on Salesforce from $335.00 to $280.00 and set an “outperform” rating for the company in a research note on Thursday, September 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Salesforce in a research note on Tuesday, October 14th. Finally, DA Davidson restated a “neutral” rating and issued a $225.00 target price on shares of Salesforce in a research note on Thursday, October 16th. Twenty-five analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $325.23.

Insider Activity at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $252.04, for a total value of $567,090.00. Following the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $3,002,192,354.84. The trade was a 0.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 78,750 shares of company stock valued at $19,372,928. Insiders own 3.00% of the company’s stock.

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.