AMF Tjanstepension AB lessened its position in Salesforce Inc. (NYSE:CRM – Free Report) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 923,323 shares of the CRM provider’s stock after selling 40,940 shares during the quarter. Salesforce accounts for approximately 1.5% of AMF Tjanstepension AB’s portfolio, making the stock its 23rd largest holding. AMF Tjanstepension AB’s holdings in Salesforce were worth $244,597,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Rockland Trust Co. boosted its position in Salesforce by 1,145.6% during the third quarter. Rockland Trust Co. now owns 13,066 shares of the CRM provider’s stock valued at $3,097,000 after buying an additional 12,017 shares during the period. Alps Advisors Inc. boosted its position in Salesforce by 98.3% during the third quarter. Alps Advisors Inc. now owns 21,455 shares of the CRM provider’s stock valued at $5,085,000 after buying an additional 10,633 shares during the period. Midwest Trust Co boosted its position in Salesforce by 2.3% during the third quarter. Midwest Trust Co now owns 187,071 shares of the CRM provider’s stock valued at $44,336,000 after buying an additional 4,233 shares during the period. Jones Financial Companies Lllp boosted its position in Salesforce by 15.1% during the third quarter. Jones Financial Companies Lllp now owns 467,551 shares of the CRM provider’s stock valued at $113,420,000 after buying an additional 61,270 shares during the period. Finally, AGF Management Ltd. boosted its position in Salesforce by 42.2% during the third quarter. AGF Management Ltd. now owns 281,054 shares of the CRM provider’s stock valued at $66,610,000 after buying an additional 83,403 shares during the period. 80.43% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In related news, Director David Blair Kirk acquired 2,570 shares of the stock in a transaction on Wednesday, March 18th. The stock was acquired at an average cost of $194.62 per share, for a total transaction of $500,173.40. Following the completion of the acquisition, the director directly owned 13,689 shares of the company’s stock, valued at approximately $2,664,153.18. This represents a 23.11% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Laura Alber acquired 2,571 shares of the stock in a transaction on Thursday, March 19th. The stock was bought at an average price of $194.58 per share, with a total value of $500,265.18. Following the completion of the acquisition, the director directly owned 9,530 shares of the company’s stock, valued at $1,854,347.40. This trade represents a 36.94% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 3.50% of the company’s stock.
Salesforce News Roundup
- Negative Sentiment: Bank of America initiated coverage on Salesforce with an Underperform rating and a $160 price target, implying downside from current levels. The call raised concerns that the company’s AI narrative may be losing momentum and appears to be the most stock-moving headline for CRM today. Benzinga report on Bank of America coverage
- Negative Sentiment: Another market note highlighted Salesforce among software laggards that have been hit by broad sector selling, reinforcing the idea that investors remain cautious on the stock despite AI-related growth potential. Zacks commentary
- Neutral Sentiment: A separate analysis argued that Salesforce may still be attractive versus Oracle because of its steadier growth profile and cheaper valuation, offering a counterpoint to the bearish broker view. Zacks comparison article
- Neutral Sentiment: Salesforce CEO Marc Benioff also continued promoting the company’s AI efforts, saying Slack AI can surface employee concerns and decisions, which supports the long-term AI story but is not an immediate catalyst. Business Insider article
- Positive Sentiment: Salesforce also received a bullish longer-term mention as one of several AI-powered software laggards that could offer short-term upside, suggesting some investors still see value after the selloff. Zacks AI-powered laggards article
Wall Street Analysts Forecast Growth
CRM has been the subject of several analyst reports. Barclays cut their price target on shares of Salesforce from $265.00 to $252.00 and set an “overweight” rating for the company in a research report on Thursday, February 26th. Morgan Stanley dropped their target price on shares of Salesforce from $398.00 to $287.00 and set an “overweight” rating for the company in a report on Monday, February 23rd. Cantor Fitzgerald reiterated an “overweight” rating on shares of Salesforce in a report on Thursday, February 26th. Wedbush reiterated an “outperform” rating and set a $375.00 target price on shares of Salesforce in a report on Tuesday, February 24th. Finally, TD Cowen dropped their target price on shares of Salesforce from $325.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Salesforce presently has an average rating of “Moderate Buy” and an average target price of $274.56.
Read Our Latest Stock Report on CRM
Salesforce Stock Performance
Salesforce stock opened at $179.39 on Tuesday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.18. Salesforce Inc. has a 1-year low of $163.52 and a 1-year high of $289.90. The firm has a 50-day moving average of $183.73 and a 200-day moving average of $214.85. The firm has a market cap of $146.78 billion, a P/E ratio of 22.97, a P/E/G ratio of 1.20 and a beta of 1.14.
Salesforce (NYSE:CRM – Get Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The CRM provider reported $3.81 EPS for the quarter, topping the consensus estimate of $3.05 by $0.76. Salesforce had a net margin of 17.96% and a return on equity of 15.38%. The business had revenue of $11.20 billion during the quarter, compared to analyst estimates of $11.18 billion. During the same period last year, the business posted $2.78 earnings per share. Salesforce’s quarterly revenue was up 12.1% compared to the same quarter last year. Salesforce has set its FY 2027 guidance at 13.110-13.190 EPS and its Q1 2027 guidance at 3.110-3.130 EPS. Sell-side analysts expect that Salesforce Inc. will post 9.71 EPS for the current year.
Salesforce declared that its Board of Directors has authorized a share buyback plan on Monday, March 16th that allows the company to buyback $25.00 billion in shares. This buyback authorization allows the CRM provider to buy up to 14.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.
Salesforce Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 23rd. Shareholders of record on Thursday, April 9th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.0%. This is a boost from Salesforce’s previous quarterly dividend of $0.42. The ex-dividend date was Thursday, April 9th. Salesforce’s dividend payout ratio (DPR) is 22.54%.
Salesforce Company Profile
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.
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