BTG Pactual Asset Management US LLC Acquires 1,638 Shares of Salesforce, Inc. (NYSE:CRM)

BTG Pactual Asset Management US LLC raised its position in Salesforce, Inc. (NYSE:CRM - Free Report) by 24.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,302 shares of the CRM provider's stock after acquiring an additional 1,638 shares during the quarter. BTG Pactual Asset Management US LLC's holdings in Salesforce were worth $2,776,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bernard Wealth Management Corp. purchased a new stake in Salesforce during the fourth quarter worth approximately $25,000. Arlington Trust Co LLC lifted its position in shares of Salesforce by 85.1% during the 4th quarter. Arlington Trust Co LLC now owns 87 shares of the CRM provider's stock worth $29,000 after buying an additional 40 shares during the last quarter. Compass Financial Services Inc acquired a new position in shares of Salesforce in the 4th quarter valued at $30,000. Asset Planning Inc purchased a new position in shares of Salesforce in the 4th quarter valued at $31,000. Finally, Collier Financial acquired a new stake in Salesforce during the 4th quarter worth $32,000. Institutional investors and hedge funds own 80.43% of the company's stock.

Salesforce Stock Up 0.4 %

NYSE CRM traded up $0.95 during trading hours on Tuesday, reaching $255.50. 438,622 shares of the company's stock were exchanged, compared to its average volume of 6,796,415. The company has a market capitalization of $245.54 billion, a price-to-earnings ratio of 42.04, a price-to-earnings-growth ratio of 2.58 and a beta of 1.38. Salesforce, Inc. has a one year low of $212.00 and a one year high of $369.00. The company's 50-day moving average is $287.42 and its two-hundred day moving average is $310.55. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.11 and a current ratio of 1.11.

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Salesforce Increases Dividend

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

Insiders Place Their Bets

In related news, CFO Amy E. Weaver sold 6,221 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $329.88, for a total value of $2,052,183.48. Following the completion of the sale, the chief financial officer now directly owns 45,861 shares in the company, valued at $15,128,626.68. This represents a 11.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Parker Harris sold 652 shares of Salesforce stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $332.28, for a total transaction of $216,646.56. Following the completion of the sale, the insider now directly owns 121,467 shares of the company's stock, valued at approximately $40,361,054.76. This trade represents a 0.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 45,660 shares of company stock valued at $14,095,336 over the last 90 days. 3.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CRM shares. DA Davidson reduced their target price on shares of Salesforce from $275.00 to $250.00 and set a "neutral" rating for the company in a report on Monday. Wedbush reaffirmed an "outperform" rating and set a $425.00 price target on shares of Salesforce in a report on Wednesday, December 18th. Robert W. Baird cut their price objective on shares of Salesforce from $430.00 to $400.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. Wells Fargo & Company cut their price target on shares of Salesforce from $345.00 to $310.00 and set an "equal weight" rating for the company in a report on Thursday, February 27th. Finally, BMO Capital Markets reissued an "outperform" rating on shares of Salesforce in a research note on Wednesday, March 19th. 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.com, Salesforce presently has an average rating of "Moderate Buy" and an average price target of $360.76.

Salesforce Company 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.