Intech Investment Management LLC Has $44.22 Million Holdings in Salesforce Inc. $CRM

Intech Investment Management LLC reduced its stake in shares of Salesforce Inc. (NYSE:CRM) by 44.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 166,939 shares of the CRM provider’s stock after selling 131,089 shares during the quarter. Intech Investment Management LLC’s holdings in Salesforce were worth $44,224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of CRM. Board of the Pension Protection Fund acquired a new position in Salesforce during the 4th quarter valued at $26,000. Key Capital Management INC acquired a new position in Salesforce during the 4th quarter valued at $26,000. Legacy Bridge LLC acquired a new position in Salesforce during the 4th quarter valued at $27,000. Texas Capital Bancshares Inc TX acquired a new position in Salesforce during the 3rd quarter valued at $28,000. Finally, Dogwood Wealth Management LLC raised its stake in Salesforce by 285.7% during the 4th quarter. Dogwood Wealth Management LLC now owns 108 shares of the CRM provider’s stock valued at $29,000 after purchasing an additional 80 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. KeyCorp cut their target price on shares of Salesforce from $300.00 to $290.00 and set an “overweight” rating for the company in a research note on Thursday. Mizuho lowered their price target on shares of Salesforce from $280.00 to $265.00 and set an “outperform” rating on the stock in a report on Thursday, February 26th. The Goldman Sachs Group reissued a “buy” rating and issued a $281.00 price target on shares of Salesforce in a report on Thursday, February 26th. Piper Sandler lowered shares of Salesforce from an “overweight” rating to a “neutral” rating in a report on Thursday. Finally, B. Riley Financial boosted their price target on shares of Salesforce from $205.00 to $240.00 and gave the company a “buy” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $259.47.

Salesforce Stock Down 0.7%

Shares of NYSE CRM opened at $176.30 on Friday. The stock has a market cap of $144.26 billion, a PE ratio of 20.41, a PEG ratio of 1.23 and a beta of 1.14. The business has a fifty day moving average of $180.84 and a two-hundred day moving average of $210.72. Salesforce Inc. has a 52-week low of $163.52 and a 52-week high of $276.80. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.76 and a current ratio of 0.76.

Salesforce (NYSE:CRM) last announced its earnings results on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.13 by $0.75. The business had revenue of $11.13 billion during the quarter, compared to analysts’ expectations of $11.05 billion. Salesforce had a net margin of 18.73% and a return on equity of 16.70%. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter last year, the company posted $2.58 EPS. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. As a group, equities research analysts expect that Salesforce Inc. will post 9.72 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Thursday, June 11th will be given a dividend of $0.44 per share. The ex-dividend date is Thursday, June 11th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.0%. Salesforce’s dividend payout ratio (DPR) is 22.54%.

Salesforce announced that its Board of Directors has initiated a share repurchase program on Monday, March 16th that permits the company to buyback $25.00 billion in shares. This buyback authorization permits the CRM provider to buy up to 14.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

Key Headlines Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce beat Q1 earnings and revenue estimates, raised full-year profit guidance, and said Agentforce ARR passed $1 billion, reinforcing momentum in its AI strategy.
• Positive Sentiment: The company announced a $25 billion accelerated buyback, which should provide direct support to shareholder returns and may help limit downside.
• Positive Sentiment: Several analysts remained constructive, with firms like Wedbush, Piper Sandler, Cantor Fitzgerald, and B. Riley reiterating bullish ratings and high price targets despite trimming estimates.
• Neutral Sentiment: Citigroup and other banks lowered price targets modestly, but most still kept neutral-to-positive views, suggesting the Street is resetting expectations rather than turning outright bearish.
• Negative Sentiment: The stock is being held back by slightly light revenue guidance and continued investor concern that AI competition could pressure Salesforce’s growth profile over time.

Insider Transactions at Salesforce

In other news, Director Laura Alber bought 2,571 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The stock was acquired at an average price of $194.58 per share, for a total transaction of $500,265.18. Following the transaction, the director directly owned 9,530 shares of the company’s stock, valued at $1,854,347.40. This trade represents a 36.94% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director David Blair Kirk bought 2,570 shares of the company’s stock in a transaction that occurred on Wednesday, March 18th. The shares were purchased at an average price of $194.62 per share, with a total value of $500,173.40. Following the transaction, the director directly owned 13,689 shares in the company, valued at $2,664,153.18. This represents a 23.11% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 3.50% of the company’s stock.

Salesforce Company Profile

Salesforce, founded in 1999 and headquartered in San Francisco, is a global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications. The company popularized the software-as-a-service (SaaS) model for CRM and has built a broad portfolio of products designed to help organizations manage sales, service, marketing, commerce and analytics through a unified, cloud-first platform.

Core offerings include Sales Cloud for sales automation, Service Cloud for customer support, Marketing Cloud for digital marketing and engagement, and Commerce Cloud for e-commerce.