Mirova US LLC Acquires 28,818 Shares of Salesforce Inc. $CRM

Mirova US LLC lifted its holdings in Salesforce Inc. (NYSE:CRM) by 4.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 679,213 shares of the CRM provider’s stock after buying an additional 28,818 shares during the period. Salesforce makes up about 1.9% of Mirova US LLC’s investment portfolio, making the stock its 22nd largest position. Mirova US LLC’s holdings in Salesforce were worth $185,215,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in CRM. Nuveen LLC purchased a new stake in Salesforce in the 1st quarter worth approximately $2,039,196,000. Longview Partners Guernsey LTD purchased a new stake in Salesforce in the 1st quarter worth approximately $467,944,000. Pacer Advisors Inc. increased its holdings in Salesforce by 1,744.0% in the 1st quarter. Pacer Advisors Inc. now owns 1,820,262 shares of the CRM provider’s stock worth $488,486,000 after acquiring an additional 1,721,550 shares in the last quarter. Vanguard Group Inc. increased its holdings in Salesforce by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock worth $23,592,501,000 after acquiring an additional 1,383,942 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. purchased a new stake in Salesforce in the 1st quarter worth approximately $345,100,000. Institutional investors own 80.43% of the company’s stock.

Salesforce Trading Down 2.4%

Shares of CRM opened at $239.91 on Wednesday. The company’s fifty day moving average is $245.62 and its 200 day moving average is $259.67. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00. The stock has a market capitalization of $228.40 billion, a PE ratio of 34.87, a P/E/G ratio of 2.12 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 announced its quarterly earnings results 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 net margin of 16.87% and a return on equity of 13.27%. The company had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter in the previous year, the business posted $2.56 earnings per share. Salesforce’s quarterly revenue 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. Sell-side analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CRM shares. Sanford C. Bernstein reduced their target price on shares of Salesforce from $255.00 to $221.00 and set an “underperform” rating for the company in a report on Thursday, September 4th. Needham & Company LLC reissued a “buy” rating and issued a $400.00 target price on shares of Salesforce in a report on Thursday, September 4th. Stifel Nicolaus lowered their target price on shares of Salesforce from $375.00 to $325.00 and set a “buy” rating on the stock in a report on Wednesday, August 13th. Piper Sandler lowered their target price on shares of Salesforce from $335.00 to $315.00 and set an “overweight” rating on the stock in a report on Thursday, September 4th. Finally, Wall Street Zen downgraded shares of Salesforce from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Twenty-six equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Salesforce presently has an average rating of “Moderate Buy” and a consensus price target of $332.58.

Insiders Place Their Bets

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction on Monday, October 6th. The shares were sold at an average price of $241.32, for a total transaction of $542,970.00. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $2,874,500,313.72. The trade was a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 78,750 shares of company stock valued at $19,679,535 in the last quarter. Insiders own 3.00% of the company’s stock.

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.