Salesforce, Inc. (NYSE:CRM) Shares Bought by SageView Advisory Group LLC

SageView Advisory Group LLC raised its position in Salesforce, Inc. (NYSE:CRM - Free Report) by 40.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,091 shares of the CRM provider's stock after buying an additional 2,905 shares during the period. SageView Advisory Group LLC's holdings in Salesforce were worth $3,374,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Foundations Investment Advisors LLC boosted its stake in Salesforce by 15.0% during the 4th quarter. Foundations Investment Advisors LLC now owns 36,473 shares of the CRM provider's stock valued at $12,194,000 after purchasing an additional 4,752 shares during the period. Athena Investment Management purchased a new stake in shares of Salesforce during the fourth quarter worth $236,000. Highland Capital Management LLC purchased a new position in Salesforce in the fourth quarter valued at about $4,321,000. Nordea Investment Management AB increased its position in Salesforce by 11.9% in the 4th quarter. Nordea Investment Management AB now owns 2,288,803 shares of the CRM provider's stock worth $766,566,000 after purchasing an additional 243,008 shares during the last quarter. Finally, CWA Asset Management Group LLC raised its stake in shares of Salesforce by 14.1% during the 4th quarter. CWA Asset Management Group LLC now owns 15,708 shares of the CRM provider's stock worth $5,252,000 after purchasing an additional 1,936 shares in the last quarter. Institutional investors and hedge funds own 80.43% of the company's stock.

Analysts Set New Price Targets

CRM has been the topic of a number of research reports. Bank of America dropped 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. Scotiabank reduced their price target on shares of Salesforce from $400.00 to $345.00 and set a "sector outperform" rating for the company in a report on Monday, March 17th. Canaccord Genuity Group decreased their target price on Salesforce from $415.00 to $400.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Citigroup restated a "buy" rating on shares of Salesforce in a research report on Wednesday, March 19th. Finally, Stifel Nicolaus lowered their price target on shares of Salesforce from $425.00 to $375.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. One 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 stock. According to MarketBeat, Salesforce currently has a consensus rating of "Moderate Buy" and an average target price of $360.76.

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Insider Buying and Selling at Salesforce

In other news, CFO Amy E. Weaver sold 897 shares of the firm's stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $332.28, for a total value of $298,055.16. Following the sale, the chief financial officer now directly owns 46,750 shares in the company, valued at approximately $15,534,090. This trade represents a 1.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Oscar Munoz purchased 3,882 shares of the business's stock in a transaction on Thursday, April 3rd. The stock was purchased at an average cost of $257.28 per share, for a total transaction of $998,760.96. Following the completion of the acquisition, the director now directly owns 11,843 shares of the company's stock, valued at approximately $3,046,967.04. The trade was a 48.76 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 45,660 shares of company stock worth $14,095,336. Insiders own 3.20% of the company's stock.

Salesforce Trading Up 0.4 %

Shares of CRM stock traded up $1.04 during trading hours on Tuesday, reaching $255.59. The company's stock had a trading volume of 438,622 shares, compared to its average volume of 6,796,490. The firm's fifty day simple moving average is $287.42 and its 200 day simple moving average is $310.55. The stock has a market capitalization of $245.62 billion, a P/E ratio of 42.04, a P/E/G ratio of 2.58 and a beta of 1.38. Salesforce, Inc. has a one year low of $212.00 and a one year high of $369.00. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.14.

Salesforce Increases Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.66%. This is a boost from Salesforce's previous quarterly dividend of $0.40. Salesforce's dividend payout ratio (DPR) is presently 26.10%.

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.