Sumitomo Mitsui DS Asset Management Company Ltd Raises Stock Holdings in Salesforce Inc. $CRM

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Salesforce Inc. (NYSE:CRMFree Report) by 0.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 374,142 shares of the CRM provider’s stock after acquiring an additional 3,048 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Salesforce were worth $88,672,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CRM. Painted Porch Advisors LLC grew its holdings in shares of Salesforce by 260.0% during the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock worth $25,000 after buying an additional 65 shares in the last quarter. Evolution Wealth Management Inc. purchased a new position in shares of Salesforce during the second quarter valued at approximately $27,000. CBIZ Investment Advisory Services LLC boosted its position in Salesforce by 314.8% during the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock worth $30,000 after acquiring an additional 85 shares during the last quarter. Christopher J. Hasenberg Inc grew its stake in Salesforce by 383.3% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock worth $32,000 after acquiring an additional 92 shares during the period. Finally, Maseco LLP acquired a new position in Salesforce in the 2nd quarter valued at $34,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

More Salesforce News

Here are the key news stories impacting Salesforce this week:

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised their price objective on Salesforce from $340.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. Evercore ISI decreased their price target on Salesforce from $360.00 to $340.00 and set an “outperform” rating on the stock in a research note on Thursday, December 4th. Northland Capmk cut Salesforce from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 14th. Macquarie increased their price objective on shares of Salesforce from $250.00 to $265.00 and gave the stock a “neutral” rating in a report on Thursday, December 4th. Finally, Citigroup downgraded shares of Salesforce from a “strong-buy” rating to a “hold” rating in a report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $327.74.

Get Our Latest Stock Analysis on Salesforce

Insider Buying and Selling at Salesforce

In related news, Director G Mason Morfit purchased 96,000 shares of Salesforce stock in a transaction that occurred on Friday, December 5th. The shares were purchased at an average cost of $260.58 per share, with a total value of $25,015,680.00. Following the transaction, the director owned 2,994,509 shares of the company’s stock, valued at approximately $780,309,155.22. The trade was a 3.31% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $258.20, for a total value of $580,950.00. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $3,075,567,632.20. This represents a 0.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 155,034 shares of company stock valued at $36,726,584 over the last three months. 3.00% of the stock is owned by company insiders.

Salesforce Trading Down 0.2%

NYSE CRM opened at $260.03 on Friday. The firm has a market capitalization of $243.65 billion, a price-to-earnings ratio of 34.72, a PEG ratio of 1.94 and a beta of 1.26. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.98 and a current ratio of 0.98. Salesforce Inc. has a one year low of $221.96 and a one year high of $367.09. The company’s 50 day moving average price is $250.32 and its 200 day moving average price is $251.68.

Salesforce (NYSE:CRMGet Free Report) last released its quarterly earnings data on Wednesday, December 3rd. The CRM provider reported $3.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.39. Salesforce had a net margin of 17.91% and a return on equity of 14.41%. The company had revenue of $10.26 billion during the quarter, compared to the consensus estimate of $10.27 billion. During the same period in the previous year, the firm earned $2.41 earnings per share. Salesforce’s revenue for the quarter was up 9.1% on a year-over-year basis. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. On average, sell-side analysts predict 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, January 8th. Investors of record on Thursday, December 18th were issued a $0.416 dividend. This represents a $1.66 annualized dividend and a yield of 0.6%. The ex-dividend date was Thursday, December 18th. Salesforce’s dividend payout ratio is currently 22.16%.

Salesforce Company Profile

(Free Report)

Salesforce, founded in 1999 and headquartered in San Francisco, is a global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications. The company popularized the software-as-a-service (SaaS) model for CRM and has built a broad portfolio of products designed to help organizations manage sales, service, marketing, commerce and analytics through a unified, cloud-first platform.

Core offerings include Sales Cloud for sales automation, Service Cloud for customer support, Marketing Cloud for digital marketing and engagement, and Commerce Cloud for e-commerce.

Further Reading

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Institutional Ownership by Quarter for Salesforce (NYSE:CRM)

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