APG Asset Management N.V. Raises Holdings in Salesforce, Inc. (NYSE:CRM)

APG Asset Management N.V. increased its position in shares of Salesforce, Inc. (NYSE:CRM - Free Report) by 568.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 912,855 shares of the CRM provider's stock after buying an additional 776,305 shares during the quarter. Salesforce comprises 0.8% of APG Asset Management N.V.'s investment portfolio, making the stock its 26th biggest holding. APG Asset Management N.V. owned about 0.10% of Salesforce worth $294,732,000 at the end of the most recent quarter.

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

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Insider Buying and Selling at Salesforce

In other Salesforce news, CAO Sundeep G. Reddy sold 436 shares of Salesforce stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $332.28, for a total value of $144,874.08. Following the completion of the sale, the chief accounting officer now owns 7,057 shares in the company, valued at $2,344,899.96. The trade was a 5.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Amy E. Weaver sold 6,221 shares of the company's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $329.88, for a total transaction of $2,052,183.48. Following the transaction, the chief financial officer now directly owns 45,861 shares of the company's stock, valued at approximately $15,128,626.68. This represents a 11.94 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 45,660 shares of company stock worth $14,095,336. Insiders own 3.20% of the company's stock.

Salesforce Trading Down 0.1 %

Shares of Salesforce stock traded down $0.14 during mid-day trading on Friday, hitting $254.98. 6,087,156 shares of the stock were exchanged, compared to its average volume of 6,812,000. The stock has a market capitalization of $245.04 billion, a price-to-earnings ratio of 41.94, a price-to-earnings-growth ratio of 2.58 and a beta of 1.38. Salesforce, Inc. has a twelve month low of $212.00 and a twelve month high of $369.00. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.14. The company has a 50-day simple moving average of $289.29 and a 200 day simple moving average of $310.46.

Salesforce Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 10th will be paid a $0.42 dividend. This is a boost from Salesforce's previous quarterly dividend of $0.40. This represents a $1.68 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend is Thursday, April 10th. Salesforce's payout ratio is presently 26.10%.

Analyst Ratings Changes

CRM has been the topic of several recent research reports. Stifel Nicolaus dropped their price target on Salesforce from $425.00 to $375.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. BMO Capital Markets reissued an "outperform" rating on shares of Salesforce in a report on Wednesday, March 19th. Wedbush reaffirmed an "outperform" rating and set a $425.00 price target on shares of Salesforce in a report on Wednesday, December 18th. Scotiabank dropped their price objective on shares of Salesforce from $400.00 to $345.00 and set a "sector outperform" rating on the stock in a research note on Monday, March 17th. Finally, TD Cowen upgraded shares of Salesforce from a "hold" rating to a "buy" rating and upped their price objective for the stock from $380.00 to $400.00 in a research report on Friday, January 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-one have given a buy rating and five have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $361.42.

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.