1,069 Shares in Salesforce, Inc. (NYSE:CRM) Acquired by Fielder Capital Group LLC

Fielder Capital Group LLC acquired a new stake in Salesforce, Inc. (NYSE:CRM) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,069 shares of the CRM provider’s stock, valued at approximately $281,000.

Several other large investors have also modified their holdings of CRM. Cerity Partners LLC raised its position in Salesforce by 1,254.7% during the 4th quarter. Cerity Partners LLC now owns 3,483,670 shares of the CRM provider’s stock worth $916,693,000 after buying an additional 3,226,512 shares during the last quarter. International Assets Investment Management LLC lifted its position in Salesforce by 23,653.7% in the fourth quarter. International Assets Investment Management LLC now owns 1,406,220 shares of the CRM provider’s stock valued at $370,033,000 after purchasing an additional 1,400,300 shares during the period. Lone Pine Capital LLC boosted its holdings in Salesforce by 47.5% in the 3rd quarter. Lone Pine Capital LLC now owns 2,499,630 shares of the CRM provider’s stock valued at $506,875,000 after purchasing an additional 804,634 shares in the last quarter. Fisher Asset Management LLC increased its position in Salesforce by 5.3% during the 4th quarter. Fisher Asset Management LLC now owns 14,921,042 shares of the CRM provider’s stock worth $3,926,323,000 after purchasing an additional 752,566 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in shares of Salesforce by 330.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 935,885 shares of the CRM provider’s stock worth $189,779,000 after buying an additional 718,245 shares in the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CRM. Evercore ISI upped their price objective on Salesforce from $290.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Citigroup raised their price objective on shares of Salesforce from $265.00 to $325.00 and gave the company a “neutral” rating in a research note on Monday, February 26th. KeyCorp started coverage on shares of Salesforce in a research report on Thursday, March 21st. They set a “sector weight” rating on the stock. Robert W. Baird lifted their price target on shares of Salesforce from $310.00 to $355.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $350.00 price target (up previously from $325.00) on shares of Salesforce in a report on Friday, April 12th. Nine investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $310.61.

Insiders Place Their Bets

In other news, CEO Marc Benioff sold 15,000 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $275.01, for a total transaction of $4,125,150.00. Following the transaction, the chief executive officer now directly owns 12,677,327 shares of the company’s stock, valued at $3,486,391,698.27. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Marc Benioff sold 15,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $275.01, for a total value of $4,125,150.00. Following the transaction, the chief executive officer now owns 12,677,327 shares in the company, valued at $3,486,391,698.27. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Srinivas Tallapragada sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $287.50, for a total value of $2,875,000.00. Following the sale, the insider now owns 60,416 shares of the company’s stock, valued at approximately $17,369,600. The disclosure for this sale can be found here. Insiders sold a total of 619,993 shares of company stock worth $181,241,324 in the last 90 days. 3.70% of the stock is owned by company insiders.

Salesforce Trading Up 0.7 %

NYSE CRM traded up $1.97 during mid-day trading on Monday, hitting $275.63. The company’s stock had a trading volume of 3,722,938 shares, compared to its average volume of 5,550,575. The firm has a market capitalization of $266.81 billion, a P/E ratio of 65.63, a price-to-earnings-growth ratio of 2.10 and a beta of 1.30. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.09 and a quick ratio of 1.09. Salesforce, Inc. has a 52-week low of $193.68 and a 52-week high of $318.71. The stock’s fifty day simple moving average is $293.74 and its two-hundred day simple moving average is $267.47.

Salesforce (NYSE:CRM) last issued its earnings results on Wednesday, February 28th. The CRM provider reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.06. Salesforce had a net margin of 11.87% and a return on equity of 10.42%. The business had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.22 billion. During the same quarter last year, the firm posted $1.01 EPS. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. Research analysts expect that Salesforce, Inc. will post 7.45 EPS for the current year.

Salesforce Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 14th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend was Wednesday, March 13th. Salesforce’s dividend payout ratio (DPR) is presently 9.52%.

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.