Teacher Retirement System of Texas Boosts Stock Position in Salesforce Inc. $CRM

Teacher Retirement System of Texas lifted its position in shares of Salesforce Inc. (NYSE:CRM) by 10.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 386,952 shares of the CRM provider’s stock after purchasing an additional 37,062 shares during the period. Teacher Retirement System of Texas’ holdings in Salesforce were worth $105,518,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Salesforce by 1.6% during the first quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock worth $23,592,501,000 after purchasing an additional 1,383,942 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Salesforce by 6.9% in the first 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 worth $2,484,616,000 after buying an additional 600,386 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Salesforce by 5.1% in the first quarter. Goldman Sachs Group Inc. now owns 9,014,148 shares of the CRM provider’s stock worth $2,419,037,000 after buying an additional 437,435 shares during the period. Nuveen LLC purchased a new stake in Salesforce in the first quarter worth about $2,039,196,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Salesforce by 4.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 6,362,035 shares of the CRM provider’s stock worth $1,707,316,000 after buying an additional 295,681 shares during the period. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on CRM shares. Citigroup raised their price objective on shares of Salesforce from $275.00 to $276.00 and gave the stock a “neutral” rating in a report on Tuesday, September 9th. JMP Securities restated a “market outperform” rating and issued a $430.00 price objective on shares of Salesforce in a report on Friday, October 17th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Salesforce from $400.00 to $340.00 and set a “buy” rating for the company in a report on Thursday, September 4th. Canaccord Genuity Group lowered their price objective on shares of Salesforce from $350.00 to $300.00 and set a “buy” rating for the company in a report on Thursday, September 4th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Salesforce in a report on Tuesday, October 14th. Twenty-five investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $325.23.

Salesforce Price Performance

CRM stock opened at $254.93 on Monday. The firm has a 50 day moving average price of $246.53 and a 200-day moving average price of $258.12. Salesforce Inc. has a 52-week low of $226.48 and a 52-week high of $369.00. The firm has a market capitalization of $242.69 billion, a price-to-earnings ratio of 37.05, a PEG ratio of 2.14 and a beta of 1.19. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12.

Salesforce (NYSE:CRM) last released its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.13. The firm had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The business’s revenue was up 9.8% on a year-over-year basis. During the same period last year, the business earned $2.56 earnings per share. 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 forecast that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend was Wednesday, September 17th. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. Salesforce’s dividend payout ratio (DPR) is 24.13%.

Insider Buying and Selling at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $259.01, for a total transaction of $582,772.50. Following the completion of the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at $3,085,216,004.71. This trade represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 76,500 shares of company stock worth $18,819,383 over the last ninety days. 3.00% of the stock is owned by company insiders.

Salesforce 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.