Salesforce, Inc. (NYSE:CRM) Shares Bought by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Salesforce, Inc. (NYSE:CRM - Free Report) by 42.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 757,583 shares of the CRM provider's stock after purchasing an additional 227,359 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.08% of Salesforce worth $207,358,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CRM. EP Wealth Advisors LLC boosted its stake in shares of Salesforce by 20.8% during the 1st quarter. EP Wealth Advisors LLC now owns 26,451 shares of the CRM provider's stock worth $7,967,000 after purchasing an additional 4,553 shares during the last quarter. Axxcess Wealth Management LLC boosted its stake in shares of Salesforce by 21.4% during the 1st quarter. Axxcess Wealth Management LLC now owns 13,954 shares of the CRM provider's stock worth $4,203,000 after purchasing an additional 2,461 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of Salesforce by 25.8% in the first quarter. Advisors Asset Management Inc. now owns 16,227 shares of the CRM provider's stock worth $4,887,000 after acquiring an additional 3,327 shares during the last quarter. Cadence Bank acquired a new stake in shares of Salesforce in the first quarter worth approximately $202,000. Finally, JT Stratford LLC boosted its position in shares of Salesforce by 54.9% in the first quarter. JT Stratford LLC now owns 2,641 shares of the CRM provider's stock worth $795,000 after acquiring an additional 936 shares during the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce Trading Up 0.7 %

NYSE:CRM opened at $325.70 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.04 and a quick ratio of 1.04. Salesforce, Inc. has a fifty-two week low of $212.00 and a fifty-two week high of $348.86. The stock's 50-day moving average is $291.21 and its two-hundred day moving average is $267.72. The stock has a market cap of $311.37 billion, a PE ratio of 56.64, a price-to-earnings-growth ratio of 2.94 and a beta of 1.29.

Salesforce (NYSE:CRM - Get Free Report) last released its earnings results on Wednesday, August 28th. The CRM provider reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.20. Salesforce had a return on equity of 12.01% and a net margin of 15.44%. The company had revenue of $9.33 billion for the quarter, compared to analysts' expectations of $9.22 billion. During the same quarter in the previous year, the business posted $1.63 EPS. The business's revenue for the quarter was up 8.5% on a year-over-year basis. As a group, equities research analysts forecast that Salesforce, Inc. will post 7.55 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Wednesday, September 18th were paid a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, September 18th. This represents a $1.60 annualized dividend and a dividend yield of 0.49%. Salesforce's payout ratio is 27.83%.

Wall Street Analysts Forecast Growth

CRM has been the topic of several research analyst reports. Bank of America raised their target price on shares of Salesforce from $325.00 to $390.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Evercore ISI reissued an "outperform" rating and issued a $300.00 target price on shares of Salesforce in a research report on Monday, August 26th. Loop Capital raised their target price on shares of Salesforce from $270.00 to $340.00 and gave the stock a "hold" rating in a research report on Thursday, November 14th. Canaccord Genuity Group raised their target price on shares of Salesforce from $300.00 to $315.00 and gave the stock a "buy" rating in a research report on Thursday, August 29th. Finally, Roth Mkm reissued a "buy" rating and issued a $335.00 target price on shares of Salesforce in a research report on Thursday, August 29th. Eight analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $326.19.

Insider Activity at Salesforce

In other Salesforce news, CFO Amy E. Weaver sold 897 shares of the firm's stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $285.29, for a total value of $255,905.13. Following the completion of the sale, the chief financial officer now owns 52,930 shares in the company, valued at approximately $15,100,399.70. This trade represents a 1.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Miguel Milano sold 2,934 shares of the firm's stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $262.95, for a total value of $771,495.30. Following the completion of the sale, the insider now owns 3,716 shares of the company's stock, valued at $977,122.20. This represents a 44.12 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 136,117 shares of company stock valued at $39,085,562. 3.20% of the stock is owned by corporate insiders.

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.

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