Salesforce, Inc. (NYSE:CRM) Shares Acquired by Strategic Wealth Partners Ltd.

Strategic Wealth Partners Ltd. boosted its position in Salesforce, Inc. (NYSE:CRM - Free Report) by 6.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,875 shares of the CRM provider's stock after purchasing an additional 2,148 shares during the quarter. Salesforce comprises approximately 0.9% of Strategic Wealth Partners Ltd.'s investment portfolio, making the stock its 27th largest position. Strategic Wealth Partners Ltd.'s holdings in Salesforce were worth $9,819,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Salesforce by 1.2% in the first quarter. Vanguard Group Inc. now owns 84,635,254 shares of the CRM provider's stock valued at $25,490,446,000 after purchasing an additional 1,008,841 shares during the last quarter. Fisher Asset Management LLC increased its stake in shares of Salesforce by 5.2% in the 4th quarter. Fisher Asset Management LLC now owns 14,905,462 shares of the CRM provider's stock worth $3,922,223,000 after acquiring an additional 736,986 shares during the last quarter. Capital Research Global Investors raised its holdings in shares of Salesforce by 26.9% during the 1st quarter. Capital Research Global Investors now owns 14,376,536 shares of the CRM provider's stock worth $4,329,925,000 after acquiring an additional 3,044,611 shares during the period. Capital International Investors boosted its position in shares of Salesforce by 3.0% during the 1st quarter. Capital International Investors now owns 14,116,449 shares of the CRM provider's stock valued at $4,251,592,000 after acquiring an additional 407,834 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Salesforce by 2.2% in the second quarter. Legal & General Group Plc now owns 8,329,687 shares of the CRM provider's stock valued at $2,141,562,000 after purchasing an additional 176,641 shares during the period. Institutional investors and hedge funds own 80.43% of the company's stock.

Insider Buying and Selling

In other news, CFO Amy E. Weaver sold 897 shares of the business's stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $255.78, for a total value of $229,434.66. Following the completion of the sale, the chief financial officer now directly owns 51,109 shares of the company's stock, valued at approximately $13,072,660.02. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Parker Harris sold 2,800 shares of the firm's stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $241.22, for a total transaction of $675,416.00. Following the transaction, the insider now owns 117,581 shares of the company's stock, valued at $28,362,888.82. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Amy E. Weaver sold 897 shares of the stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $255.78, for a total value of $229,434.66. Following the sale, the chief financial officer now directly owns 51,109 shares of the company's stock, valued at $13,072,660.02. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 80,612 shares of company stock worth $21,283,087 in the last ninety days. 3.20% of the stock is owned by corporate insiders.

Salesforce Stock Down 1.3 %

Shares of CRM stock traded down $3.65 on Wednesday, reaching $287.92. 4,850,033 shares of the stock were exchanged, compared to its average volume of 6,519,053. Salesforce, Inc. has a twelve month low of $193.68 and a twelve month high of $318.71. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $278.99 billion, a price-to-earnings ratio of 51.87, a PEG ratio of 2.39 and a beta of 1.30. The business's 50 day moving average price is $259.72 and its 200 day moving average price is $263.94.

Salesforce (NYSE:CRM - Get Free Report) last released its quarterly earnings data on Wednesday, August 28th. The CRM provider reported $2.56 EPS for the quarter, beating analysts' consensus estimates of $2.36 by $0.20. The business had revenue of $9.33 billion for the quarter, compared to the consensus estimate of $9.22 billion. Salesforce had a return on equity of 12.01% and a net margin of 15.44%. The business's revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.63 EPS. As a group, sell-side analysts expect that Salesforce, Inc. will post 7.54 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Wednesday, September 18th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date was Wednesday, September 18th. Salesforce's dividend payout ratio (DPR) is 28.78%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CRM shares. Piper Sandler raised shares of Salesforce from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $268.00 to $325.00 in a research note on Tuesday, September 24th. UBS Group upped their price objective on Salesforce from $250.00 to $275.00 and gave the company a "neutral" rating in a report on Thursday, August 29th. Loop Capital reissued a "hold" rating and set a $270.00 target price on shares of Salesforce in a research note on Thursday, September 19th. Raymond James upped their price target on Salesforce from $325.00 to $350.00 and gave the company a "strong-buy" rating in a research note on Thursday, August 29th. Finally, Needham & Company LLC reissued a "buy" rating and set a $345.00 price objective on shares of Salesforce in a research report on Friday, September 20th. Eight investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $310.74.

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.