33,814 Shares in Salesforce, Inc. (NYSE:CRM) Bought by Headlands Technologies LLC

Headlands Technologies LLC acquired a new position in Salesforce, Inc. (NYSE:CRM - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 33,814 shares of the CRM provider's stock, valued at approximately $11,305,000. Salesforce accounts for approximately 1.1% of Headlands Technologies LLC's investment portfolio, making the stock its 10th largest position.

Other large investors have also made changes to their positions in the company. Norges Bank bought a new position in Salesforce during the fourth quarter valued at about $3,599,867,000. Raymond James Financial Inc. bought a new stake in shares of Salesforce in the 4th quarter worth approximately $1,173,564,000. Jennison Associates LLC increased its position in shares of Salesforce by 52.7% during the fourth quarter. Jennison Associates LLC now owns 4,433,785 shares of the CRM provider's stock valued at $1,482,347,000 after purchasing an additional 1,530,572 shares during the period. Swedbank AB raised its stake in shares of Salesforce by 46.7% in the fourth quarter. Swedbank AB now owns 3,829,773 shares of the CRM provider's stock valued at $1,280,408,000 after purchasing an additional 1,219,254 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in Salesforce by 27.4% in the fourth quarter. Franklin Resources Inc. now owns 5,598,423 shares of the CRM provider's stock worth $1,871,721,000 after purchasing an additional 1,204,355 shares during the period. Institutional investors and hedge funds own 80.43% of the company's stock.

Insider Transactions at Salesforce

In other Salesforce news, CFO Amy E. Weaver sold 897 shares of the business's stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $332.28, for a total value of $298,055.16. Following the completion of the transaction, the chief financial officer now directly owns 46,750 shares of the company's stock, valued at approximately $15,534,090. The trade was a 1.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Sundeep G. Reddy sold 500 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $335.94, for a total value of $167,970.00. Following the completion of the sale, the chief accounting officer now owns 6,557 shares of the company's stock, valued at $2,202,758.58. This trade represents a 7.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,660 shares of company stock worth $14,095,336. 3.20% of the stock is currently owned by company insiders.

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Salesforce Trading Up 0.7 %

Shares of CRM stock traded up $1.82 during trading hours on Tuesday, reaching $270.18. The company had a trading volume of 4,596,911 shares, compared to its average volume of 6,653,506. Salesforce, Inc. has a 1-year low of $212.00 and a 1-year high of $369.00. 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 firm has a market cap of $259.64 billion, a price-to-earnings ratio of 44.44, a P/E/G ratio of 2.58 and a beta of 1.35. The company has a 50 day moving average of $307.13 and a 200 day moving average of $311.78.

Salesforce Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.68 dividend on an annualized basis and a yield of 0.62%. This is a boost from Salesforce's previous quarterly dividend of $0.40. Salesforce's dividend payout ratio (DPR) is 26.10%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CRM. Citigroup reissued a "buy" rating on shares of Salesforce in a report on Wednesday, March 19th. Wedbush reissued an "outperform" rating and issued a $425.00 price target on shares of Salesforce in a research report on Wednesday, December 18th. The Goldman Sachs Group raised their price target on shares of Salesforce from $360.00 to $400.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. Barclays increased their target price on Salesforce from $415.00 to $425.00 and gave the stock an "overweight" rating in a report on Wednesday, December 4th. Finally, KeyCorp raised Salesforce from a "sector weight" rating to an "overweight" rating and set a $440.00 price target on the stock in a research note on Friday, December 13th. One equities research 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $361.42.

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.