KLP Kapitalforvaltning AS Has $104.31 Million Position in Salesforce Inc. $CRM

KLP Kapitalforvaltning AS increased its holdings in shares of Salesforce Inc. (NYSE:CRM) by 3.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 382,043 shares of the CRM provider’s stock after acquiring an additional 13,200 shares during the quarter. Salesforce comprises 0.5% of KLP Kapitalforvaltning AS’s portfolio, making the stock its 29th biggest holding. KLP Kapitalforvaltning AS’s holdings in Salesforce were worth $104,314,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CRM. Brighton Jones LLC boosted its stake in Salesforce by 13.7% in the 4th quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock valued at $8,582,000 after purchasing an additional 3,102 shares during the period. Revolve Wealth Partners LLC boosted its stake in Salesforce by 12.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock valued at $611,000 after purchasing an additional 205 shares during the period. Bison Wealth LLC boosted its stake in Salesforce by 9.0% in the 4th quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock valued at $747,000 after purchasing an additional 184 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its stake in Salesforce by 23.2% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 5,273 shares of the CRM provider’s stock valued at $1,415,000 after purchasing an additional 992 shares during the period. Finally, Capital Investment Advisors LLC boosted its stake in Salesforce by 4.1% in the 1st quarter. Capital Investment Advisors LLC now owns 7,020 shares of the CRM provider’s stock valued at $1,884,000 after purchasing an additional 275 shares during the period. 80.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Salesforce

In other Salesforce news, Director David Blair Kirk acquired 3,400 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The stock was acquired at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the transaction, the director directly owned 3,824 shares in the company, valued at $973,819.84. This represents a 801.89% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $236.38, for a total value of $531,855.00. Following the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $2,815,657,152.98. This represents a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 78,750 shares of company stock valued at $19,747,868. 3.00% of the stock is owned by corporate insiders.

Salesforce Price Performance

Shares of CRM stock opened at $245.85 on Tuesday. 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 Inc. has a twelve month low of $226.48 and a twelve month high of $369.00. The company has a market cap of $234.05 billion, a P/E ratio of 35.73, a P/E/G ratio of 2.08 and a beta of 1.19. The business has a fifty day simple moving average of $246.17 and a 200 day simple moving average of $259.80.

Salesforce (NYSE:CRM) last announced its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.13. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The business had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the prior year, the company earned $2.56 EPS. Salesforce’s revenue for the quarter was up 9.8% on a year-over-year basis. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. On average, sell-side analysts forecast that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Wednesday, September 17th will be given a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Wednesday, September 17th. Salesforce’s dividend payout ratio is currently 24.13%.

Wall Street Analyst Weigh In

CRM has been the subject of several recent research reports. KeyCorp reduced their price target on Salesforce from $440.00 to $400.00 and set an “overweight” rating for the company in a research note on Thursday, September 4th. Wall Street Zen downgraded Salesforce from a “buy” rating to a “hold” rating in a research note on Friday. Oppenheimer reduced their price target on Salesforce from $370.00 to $315.00 and set an “outperform” rating for the company in a research note on Tuesday, August 26th. Canaccord Genuity Group cut their target price on Salesforce from $350.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, September 4th. Finally, Roth Capital reiterated a “buy” rating and set a $395.00 target price on shares of Salesforce in a research report on Thursday, September 4th. Twenty-six investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Salesforce has an average rating of “Moderate Buy” and a consensus price target of $332.58.

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.