Northwest & Ethical Investments L.P. Increases Stake in Salesforce Inc. $CRM

Northwest & Ethical Investments L.P. boosted its stake in shares of Salesforce Inc. (NYSE:CRM) by 31.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 75,147 shares of the CRM provider’s stock after purchasing an additional 17,930 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Salesforce were worth $20,492,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Painted Porch Advisors LLC increased its position in shares of Salesforce by 260.0% in the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock valued at $25,000 after acquiring an additional 65 shares during the period. CBIZ Investment Advisory Services LLC lifted its position in Salesforce by 314.8% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock worth $30,000 after acquiring an additional 85 shares during the period. Christopher J. Hasenberg Inc grew its stake in Salesforce by 383.3% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock valued at $32,000 after purchasing an additional 92 shares during the last quarter. Maseco LLP purchased a new position in shares of Salesforce in the second quarter worth about $34,000. Finally, Quaker Wealth Management LLC lifted its holdings in shares of Salesforce by 208.6% during the second quarter. Quaker Wealth Management LLC now owns 126 shares of the CRM provider’s stock worth $34,000 after purchasing an additional 242 shares during the period. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Insider Buying and Selling

In other Salesforce news, CEO Marc Benioff sold 122 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $259.00, for a total transaction of $31,598.00. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $3,085,096,889. This represents a 0.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 56,372 shares of company stock valued at $13,941,863. 3.00% of the stock is currently owned by insiders.

Salesforce Trading Up 3.1%

CRM stock opened at $233.75 on Wednesday. Salesforce Inc. has a 52-week low of $221.96 and a 52-week high of $369.00. 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 firm has a market cap of $222.53 billion, a P/E ratio of 33.98, a PEG ratio of 2.11 and a beta of 1.19. The company’s 50-day simple moving average is $244.38 and its 200-day simple moving average is $255.28.

Salesforce (NYSE:CRM) last released its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.13. The company had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.Salesforce’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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. As a group, equities analysts forecast that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on CRM shares. UBS Group cut their price target on shares of Salesforce from $300.00 to $260.00 and set a “neutral” rating on the stock in a report on Monday, August 18th. Northland Capmk lowered shares of Salesforce from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 14th. Macquarie restated a “neutral” rating and set a $250.00 target price on shares of Salesforce in a research report on Thursday, October 16th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Salesforce from $400.00 to $340.00 and set a “buy” rating on the stock in a report on Thursday, September 4th. Finally, Mizuho reduced their price objective on Salesforce from $350.00 to $340.00 and set an “outperform” rating for the company in a research note on Monday, November 17th. Twenty-five equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Salesforce has a consensus rating of “Moderate Buy” and a consensus price target of $323.51.

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.