Salesforce, Inc. (NYSE:CRM) Shares Acquired by J. Stern & Co. LLP

J. Stern & Co. LLP boosted its stake in shares of Salesforce, Inc. (NYSE:CRM - Free Report) by 6.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 179,884 shares of the CRM provider's stock after buying an additional 11,609 shares during the period. Salesforce makes up approximately 5.7% of J. Stern & Co. LLP's holdings, making the stock its 7th biggest holding. J. Stern & Co. LLP's holdings in Salesforce were worth $60,141,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Geode Capital Management LLC grew its holdings in shares of Salesforce by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 19,955,353 shares of the CRM provider's stock worth $6,656,078,000 after buying an additional 175,035 shares in the last quarter. Fisher Asset Management LLC boosted its position in Salesforce by 1.4% during the 4th quarter. Fisher Asset Management LLC now owns 12,453,872 shares of the CRM provider's stock worth $4,163,703,000 after acquiring an additional 177,321 shares during the last quarter. Norges Bank bought a new position in shares of Salesforce during the 4th quarter worth approximately $3,599,867,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Salesforce by 23.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,938,536 shares of the CRM provider's stock valued at $2,988,422,000 after purchasing an additional 1,683,233 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of Salesforce by 42.5% in the fourth quarter. Invesco Ltd. now owns 7,791,015 shares of the CRM provider's stock worth $2,604,770,000 after purchasing an additional 2,325,156 shares in the last quarter. Institutional investors own 80.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CRM shares. BMO Capital Markets reiterated an "outperform" rating on shares of Salesforce in a research note on Wednesday, March 19th. DA Davidson reaffirmed an "underperform" rating and issued a $200.00 target price on shares of Salesforce in a research report on Monday. Cantor Fitzgerald began coverage on Salesforce in a research report on Wednesday. They set an "overweight" rating for the company. Macquarie reaffirmed a "neutral" rating and set a $320.00 price target on shares of Salesforce in a research report on Thursday, March 20th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $400.00 price objective on shares of Salesforce in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-one have given a buy rating and five have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $355.19.

Insider Buying and Selling at Salesforce

In related news, CAO Sundeep G. Reddy sold 500 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $335.94, for a total transaction of $167,970.00. Following the completion of the sale, the chief accounting officer now directly owns 6,557 shares in the company, valued at $2,202,758.58. This represents a 7.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider R David Schmaier sold 6,959 shares of the business's stock in a transaction dated Wednesday, April 16th. The stock was sold at an average price of $253.31, for a total value of $1,762,784.29. Following the transaction, the insider now directly owns 36,090 shares of the company's stock, valued at approximately $9,141,957.90. The trade was a 16.17 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 44,961 shares of company stock valued at $13,229,264. 3.20% of the stock is currently owned by corporate insiders.

Salesforce Price Performance

Shares of NYSE:CRM opened at $250.57 on Thursday. The firm has a 50 day moving average of $276.19 and a 200-day moving average of $308.58. Salesforce, Inc. has a 12 month low of $212.00 and a 12 month 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. The stock has a market capitalization of $240.79 billion, a PE ratio of 41.21, a PEG ratio of 2.58 and a beta of 1.38.

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 given 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 0.67%. The ex-dividend date of this dividend is Thursday, April 10th. Salesforce's payout ratio is currently 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.

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