Chicago Partners Investment Group LLC Purchases 1,034 Shares of Salesforce, Inc. (NYSE:CRM)

Chicago Partners Investment Group LLC increased its holdings in Salesforce, Inc. (NYSE:CRM - Free Report) by 15.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,916 shares of the CRM provider's stock after purchasing an additional 1,034 shares during the quarter. Chicago Partners Investment Group LLC's holdings in Salesforce were worth $2,588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. State Street Corp lifted its holdings in shares of Salesforce by 1.8% during the third quarter. State Street Corp now owns 49,007,404 shares of the CRM provider's stock valued at $13,432,855,000 after purchasing an additional 864,193 shares during the last quarter. Geode Capital Management LLC raised its stake in Salesforce by 1.3% during the third quarter. Geode Capital Management LLC now owns 19,780,318 shares of the CRM provider's stock valued at $5,395,132,000 after buying an additional 257,501 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in Salesforce by 2.6% in the third quarter. Fisher Asset Management LLC now owns 12,276,551 shares of the CRM provider's stock worth $3,360,215,000 after acquiring an additional 314,530 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Salesforce by 1.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,964,702 shares of the CRM provider's stock worth $1,632,599,000 after acquiring an additional 57,825 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Salesforce by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,912,854 shares of the CRM provider's stock valued at $1,618,407,000 after acquiring an additional 96,381 shares in the last quarter. Institutional investors own 80.43% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Guggenheim lowered shares of Salesforce from a "neutral" rating to a "sell" rating and set a $247.00 price objective for the company. in a research note on Monday, January 6th. Erste Group Bank raised shares of Salesforce from a "hold" rating to a "buy" rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. increased their target price on Salesforce from $340.00 to $380.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 4th. Barclays upped their price target on Salesforce from $415.00 to $425.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 4th. Finally, Cfra set a $343.00 price objective on shares of Salesforce in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have assigned a buy rating and four have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $377.63.

Insider Activity at Salesforce

In other Salesforce news, CFO Amy E. Weaver sold 6,221 shares of the company's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $329.88, for a total value of $2,052,183.48. Following the completion of the transaction, the chief financial officer now 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 legal filing with the SEC, which is available at this hyperlink. Also, insider Miguel Milano sold 719 shares of the business's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $342.81, for a total value of $246,480.39. Following the completion of the sale, the insider now directly owns 4,659 shares of the company's stock, valued at $1,597,151.79. The trade was a 13.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,111,420 shares of company stock valued at $384,366,700. 3.20% of the stock is owned by insiders.

Salesforce Stock Performance

Salesforce stock traded up $1.97 during trading hours on Wednesday, hitting $346.11. 2,144,424 shares of the stock traded hands, compared to its average volume of 5,991,756. The firm's 50 day moving average price is $338.69 and its 200-day moving average price is $299.31. 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 stock has a market capitalization of $331.23 billion, a price-to-earnings ratio of 56.90, a P/E/G ratio of 3.09 and a beta of 1.31. Salesforce, Inc. has a 1 year low of $212.00 and a 1 year high of $369.00.

Salesforce (NYSE:CRM - Get Free Report) last released its quarterly earnings data on Tuesday, December 3rd. The CRM provider reported $2.41 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.03). The business had revenue of $9.44 billion during the quarter, compared to analysts' expectations of $9.35 billion. Salesforce had a net margin of 15.96% and a return on equity of 12.34%. The firm's revenue was up 8.3% on a year-over-year basis. During the same period last year, the company earned $1.62 earnings per share. As a group, equities analysts expect that Salesforce, Inc. will post 7.48 EPS for the current fiscal year.

Salesforce Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Wednesday, December 18th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend was Wednesday, December 18th. Salesforce's dividend payout ratio is presently 26.32%.

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.