First Eagle Investment Management LLC Has $876.79 Million Stake in Salesforce Inc. $CRM

First Eagle Investment Management LLC boosted its position in Salesforce Inc. (NYSE:CRM) by 35.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,215,329 shares of the CRM provider’s stock after purchasing an additional 845,389 shares during the period. Salesforce accounts for about 1.7% of First Eagle Investment Management LLC’s portfolio, making the stock its 18th biggest holding. First Eagle Investment Management LLC owned about 0.34% of Salesforce worth $876,788,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its position 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 acquiring an additional 3,102 shares during the period. Revolve Wealth Partners LLC grew its stake in shares of Salesforce by 12.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock worth $611,000 after purchasing an additional 205 shares during the last quarter. Bison Wealth LLC increased its holdings in Salesforce by 9.0% in the fourth 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. Leavell Investment Management Inc. raised its position in Salesforce by 17.3% during the 1st quarter. Leavell Investment Management Inc. now owns 2,894 shares of the CRM provider’s stock worth $777,000 after purchasing an additional 426 shares during the last quarter. Finally, Peddock Capital Advisors LLC lifted its holdings in Salesforce by 3.7% during the 1st quarter. Peddock Capital Advisors LLC now owns 1,166 shares of the CRM provider’s stock worth $313,000 after buying an additional 42 shares during the period. 80.43% of the stock is currently owned by institutional investors.

Insider Activity at Salesforce

In related news, CEO Marc Benioff sold 122 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $259.00, for a total value of $31,598.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at $3,085,096,889. This trade represents a 0.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 74,372 shares of company stock worth $18,317,866 in the last ninety days. Insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CRM shares. Royal Bank Of Canada decreased their price target on Salesforce from $275.00 to $250.00 and set a “sector perform” rating for the company in a research note on Thursday, September 4th. Sanford C. Bernstein lowered their price target 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Salesforce in a research note on Tuesday, October 14th. Barclays lowered their target price on shares of Salesforce from $347.00 to $316.00 and set an “overweight” rating for the company in a research note on Monday, August 18th. Finally, Canaccord Genuity Group dropped their target price on shares of Salesforce from $350.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday, September 4th. Twenty-five investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Salesforce has an average rating of “Moderate Buy” and a consensus target price of $325.23.

Salesforce Trading Down 5.3%

NYSE:CRM opened at $239.27 on Friday. Salesforce Inc. has a 12 month low of $226.48 and a 12 month high of $369.00. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $227.79 billion, a price-to-earnings ratio of 34.78, a PEG ratio of 2.11 and a beta of 1.19. The firm has a fifty day simple moving average of $247.74 and a two-hundred day simple moving average of $258.13.

Salesforce (NYSE:CRM) last released its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.78 by $0.13. The company had revenue of $10.24 billion for the quarter, compared to analysts’ expectations 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 quarter in the prior year, the firm earned $2.56 EPS. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Analysts expect that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

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

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.