Salesforce, Inc. (NYSE:CRM) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. boosted its stake in Salesforce, Inc. (NYSE:CRM - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,811,354 shares of the CRM provider's stock after purchasing an additional 67,930 shares during the quarter. Salesforce comprises approximately 0.7% of American Century Companies Inc.'s holdings, making the stock its 13th largest holding. American Century Companies Inc. owned 0.40% of Salesforce worth $1,274,250,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Nvest Financial LLC lifted its position in shares of Salesforce by 1.1% in the fourth quarter. Nvest Financial LLC now owns 2,806 shares of the CRM provider's stock worth $938,000 after buying an additional 31 shares in the last quarter. OMC Financial Services LTD increased its stake in Salesforce by 0.3% in the 4th quarter. OMC Financial Services LTD now owns 11,390 shares of the CRM provider's stock worth $3,808,000 after acquiring an additional 31 shares during the last quarter. Capital Advisors Ltd. LLC raised its holdings in shares of Salesforce by 4.1% during the 4th quarter. Capital Advisors Ltd. LLC now owns 787 shares of the CRM provider's stock worth $263,000 after acquiring an additional 31 shares in the last quarter. Sachetta LLC boosted its position in shares of Salesforce by 0.3% during the 4th quarter. Sachetta LLC now owns 11,018 shares of the CRM provider's stock valued at $3,684,000 after acquiring an additional 32 shares during the last quarter. Finally, Prossimo Advisors LLC grew its holdings in shares of Salesforce by 1.0% in the fourth quarter. Prossimo Advisors LLC now owns 3,366 shares of the CRM provider's stock valued at $1,125,000 after purchasing an additional 32 shares in the last quarter. Hedge funds and other institutional investors own 80.43% of the company's stock.

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Insider Buying and Selling

In other Salesforce news, Director Robin L. Washington bought 1,695 shares of Salesforce stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average price of $294.61 per share, with a total value of $499,363.95. Following the completion of the acquisition, the director now directly owns 43,445 shares in the company, valued at approximately $12,799,331.45. This trade represents a 4.06 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Amy E. Weaver sold 6,221 shares of the company's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $277.37, for a total transaction of $1,725,518.77. Following the completion of the sale, the chief financial officer now directly owns 46,750 shares in the company, valued at approximately $12,967,047.50. The trade was a 11.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 36,541 shares of company stock valued at $11,599,604 over the last quarter. 3.20% of the stock is currently owned by company insiders.

Salesforce Stock Performance

CRM traded up $2.63 on Tuesday, reaching $288.59. 4,300,746 shares of the stock were exchanged, compared to its average volume of 6,386,093. The company's 50-day moving average price is $312.85 and its 200 day moving average price is $310.64. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market capitalization of $277.33 billion, a PE ratio of 47.47, a PEG ratio of 2.58 and a beta of 1.35. Salesforce, Inc. has a fifty-two week low of $212.00 and a fifty-two week high of $369.00.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on CRM shares. Wedbush reaffirmed an "outperform" rating and set a $425.00 price target on shares of Salesforce in a research note on Wednesday, December 18th. KeyCorp upgraded shares of Salesforce from a "sector weight" rating to an "overweight" rating and set a $440.00 target price on the stock in a research report on Friday, December 13th. Canaccord Genuity Group dropped their price target on Salesforce from $415.00 to $400.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. JMP Securities reissued a "market outperform" rating and set a $450.00 price objective on shares of Salesforce in a research note on Wednesday, December 18th. Finally, Robert W. Baird lowered their price objective on Salesforce from $430.00 to $400.00 and set an "outperform" rating for the company in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-one have issued a buy rating and five have assigned a strong buy rating to the company. According to MarketBeat.com, Salesforce presently has an average rating of "Moderate Buy" and a consensus target price of $362.74.

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.