Edmond DE Rothschild Holding S.A. Has $5.80 Million Stake in Salesforce, Inc. (NYSE:CRM)

Edmond DE Rothschild Holding S.A. raised its position in shares of Salesforce, Inc. (NYSE:CRM - Free Report) by 206.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,354 shares of the CRM provider's stock after purchasing an additional 11,700 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in Salesforce were worth $5,802,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CRM. State Street Corp lifted its holdings in Salesforce by 1.8% in the 3rd quarter. State Street Corp now owns 49,007,404 shares of the CRM provider's stock valued at $13,432,855,000 after acquiring an additional 864,193 shares during the last quarter. Geode Capital Management LLC boosted its holdings 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 worth $5,395,132,000 after buying an additional 257,501 shares in the last quarter. Fisher Asset Management LLC grew its position in Salesforce by 1.4% in the fourth quarter. Fisher Asset Management LLC now owns 12,453,872 shares of the CRM provider's stock worth $4,163,703,000 after buying an additional 177,321 shares during the last quarter. Norges Bank bought a new position in shares of Salesforce in the fourth quarter valued at $3,599,867,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Salesforce by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,066,354 shares of the CRM provider's stock valued at $2,028,164,000 after acquiring an additional 153,500 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors and hedge funds.

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Salesforce Price Performance

Shares of CRM traded down $10.56 during mid-day trading on Friday, hitting $244.67. 3,662,338 shares of the company traded hands, compared to its average volume of 6,668,951. 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 stock has a market capitalization of $235.13 billion, a price-to-earnings ratio of 40.29, a PEG ratio of 2.58 and a beta of 1.38. The business has a 50-day moving average of $304.32 and a 200 day moving average of $311.11. Salesforce, Inc. has a one year low of $212.00 and a one year high of $369.00.

Salesforce Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 10th will be given a dividend of $0.42 per share. The ex-dividend date is Thursday, April 10th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.69%. This is an increase from Salesforce's previous quarterly dividend of $0.40. Salesforce's payout ratio is presently 26.10%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CRM shares. Canaccord Genuity Group dropped their price target on Salesforce from $415.00 to $400.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. JMP Securities restated a "market outperform" rating and issued a $450.00 price target on shares of Salesforce in a research report on Wednesday, December 18th. Stifel Nicolaus lowered their price objective on shares of Salesforce from $425.00 to $375.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Scotiabank reduced their target price on Salesforce from $400.00 to $345.00 and set a "sector outperform" rating for the company in a report on Monday, March 17th. Finally, Guggenheim reissued a "sell" rating and set a $247.00 price target on shares of Salesforce in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-one have assigned a buy rating and five have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $361.42.

Insider Activity at Salesforce

In other 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 transaction, the chief financial officer now owns 45,861 shares of the company's stock, valued at $15,128,626.68. This represents a 11.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider R David Schmaier sold 1,785 shares of Salesforce stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $288.34, for a total value of $514,686.90. Following the sale, the insider now directly owns 29,190 shares of the company's stock, valued at approximately $8,416,644.60. This trade represents a 5.76 % 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 worth $14,095,336 over the last 90 days. Insiders own 3.20% of the company's stock.

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.