Mitsubishi UFJ Asset Management Co. Ltd. Buys 134,639 Shares of Salesforce Inc. $CRM

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Salesforce Inc. (NYSE:CRM) by 7.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,954,583 shares of the CRM provider’s stock after purchasing an additional 134,639 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.20% of Salesforce worth $532,995,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Nuveen LLC purchased a new stake in shares of Salesforce during the 1st quarter worth approximately $2,039,196,000. Longview Partners Guernsey LTD purchased a new position in shares of Salesforce in the first quarter valued at $467,944,000. Pacer Advisors Inc. increased its position in Salesforce by 1,744.0% in the first quarter. Pacer Advisors Inc. now owns 1,820,262 shares of the CRM provider’s stock worth $488,486,000 after purchasing an additional 1,721,550 shares during the last quarter. Vanguard Group Inc. raised its stake in Salesforce by 1.6% during the first quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock valued at $23,592,501,000 after purchasing an additional 1,383,942 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. bought a new position in Salesforce during the first quarter valued at $345,100,000. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Salesforce Stock Performance

Shares of Salesforce stock opened at $239.92 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14. The stock’s fifty day moving average is $247.41 and its two-hundred day moving average is $258.16. Salesforce Inc. has a 52 week low of $226.48 and a 52 week high of $369.00. The company has a market capitalization of $228.40 billion, a PE ratio of 34.87, a price-to-earnings-growth ratio of 2.11 and a beta of 1.19.

Salesforce (NYSE:CRM) last released its 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. The business had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period last year, the company earned $2.56 earnings per share. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. As a group, analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th were paid a $0.416 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Wednesday, September 17th. Salesforce’s dividend payout ratio is currently 24.13%.

Wall Street Analysts Forecast Growth

CRM has been the topic of several recent research reports. UBS Group decreased their target price on shares of Salesforce from $300.00 to $260.00 and set a “neutral” rating on the stock in a research report on Monday, August 18th. JPMorgan Chase & Co. decreased their price objective on Salesforce from $380.00 to $365.00 and set an “overweight” rating on the stock in a research report on Thursday, September 4th. Barclays dropped their target price on Salesforce from $347.00 to $316.00 and set an “overweight” rating for the company in a report on Monday, August 18th. DA Davidson restated a “neutral” rating and issued a $225.00 price target on shares of Salesforce in a research report on Thursday, October 16th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $315.00 price objective on shares of Salesforce in a research note on Thursday, October 16th. Twenty-five investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $325.23.

Insider Buying and Selling

In other news, Director David Blair Kirk purchased 3,400 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was purchased at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the acquisition, the director owned 3,824 shares of the company’s stock, valued at approximately $973,819.84. This trade represents a 801.89% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Marc Benioff sold 2,250 shares of the stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $241.50, for a total value of $543,375.00. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $2,876,644,396.50. This trade represents a 0.02% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 74,372 shares of company stock worth $18,317,866. Corporate insiders own 3.00% of the company’s stock.

Salesforce 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.