Salesforce, Inc. (NYSE:CRM) Shares Purchased by F M Investments LLC

F M Investments LLC boosted its stake in shares of Salesforce, Inc. (NYSE:CRM - Free Report) by 259.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,886 shares of the CRM provider's stock after purchasing an additional 17,250 shares during the quarter. F M Investments LLC's holdings in Salesforce were worth $7,986,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Nvest Financial LLC grew its stake in 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 buying an additional 31 shares during the last quarter. OMC Financial Services LTD raised its position in Salesforce by 0.3% in the 4th quarter. OMC Financial Services LTD now owns 11,390 shares of the CRM provider's stock valued at $3,808,000 after purchasing an additional 31 shares during the last quarter. Capital Advisors Ltd. LLC boosted 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 worth $263,000 after purchasing an additional 31 shares in the last quarter. Sachetta LLC increased its stake 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 in the last quarter. Finally, Prossimo Advisors LLC raised 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 buying an additional 32 shares during the last quarter. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Transactions at Salesforce

In other Salesforce news, CAO Sundeep G. Reddy sold 436 shares of the business's stock in a transaction that occurred on 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 transaction, the chief accounting officer now directly owns 7,057 shares of the company's stock, valued at approximately $2,344,899.96. The trade was a 5.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Amy E. Weaver sold 897 shares of the firm's stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $332.28, for a total transaction of $298,055.16. Following the sale, the chief financial officer now directly owns 46,750 shares in the company, valued at $15,534,090. The trade was a 1.88 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,660 shares of company stock valued at $14,095,336. Company insiders own 3.20% of the company's stock.

Analyst Ratings Changes

CRM has been the topic of several research reports. Bank of America reduced their price objective on Salesforce from $440.00 to $400.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Wells Fargo & Company dropped their price objective on Salesforce from $345.00 to $310.00 and set an "equal weight" rating for the company in a report on Thursday, February 27th. Citigroup reiterated a "buy" rating on shares of Salesforce in a report on Wednesday, March 19th. Scotiabank reduced their price objective on Salesforce from $400.00 to $345.00 and set a "sector outperform" rating for the company in a research report on Monday, March 17th. Finally, TD Cowen raised shares of Salesforce from a "hold" rating to a "buy" rating and raised their target price for the company from $380.00 to $400.00 in a research note on Friday, January 17th. One investment 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 given a strong buy rating to the company. According to data from MarketBeat.com, Salesforce has an average rating of "Moderate Buy" and an average price target of $361.42.

Salesforce Trading Down 0.3 %

Shares of Salesforce stock traded down $0.79 on Monday, reaching $254.21. The company had a trading volume of 2,232,284 shares, compared to its average volume of 6,806,195. The firm's 50-day moving average price is $289.29 and its two-hundred day moving average price is $310.70. Salesforce, Inc. has a 1 year low of $212.00 and a 1 year high of $369.00. The firm has a market cap of $244.30 billion, a price-to-earnings ratio of 41.81, a P/E/G ratio of 2.58 and a beta of 1.38. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.11.

Salesforce Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.42 per share. This is an increase 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 is Thursday, April 10th. Salesforce's dividend payout ratio (DPR) is presently 26.10%.

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.