Salesforce, Inc. (NYSE:CRM) Shares Bought by Coppell Advisory Solutions LLC

Coppell Advisory Solutions LLC raised its stake in Salesforce, Inc. (NYSE:CRM - Free Report) by 350.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,371 shares of the CRM provider's stock after buying an additional 2,623 shares during the period. Coppell Advisory Solutions LLC's holdings in Salesforce were worth $1,129,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

CRM has been the topic of a number of analyst reports. Macquarie reaffirmed a "neutral" rating and set a $320.00 price objective on shares of Salesforce in a research note on Thursday, March 20th. Stifel Nicolaus decreased their price target on shares of Salesforce from $425.00 to $375.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. Scotiabank cut their price objective on shares of Salesforce from $400.00 to $345.00 and set a "sector outperform" rating for the company in a research report on Monday, March 17th. Cantor Fitzgerald initiated coverage on shares of Salesforce in a research report on Wednesday. They set an "overweight" rating on the stock. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $400.00 price target on shares of Salesforce in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-one have issued a buy rating and five have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $355.19.

Salesforce Price Performance

NYSE CRM opened at $250.57 on Thursday. The firm has a market capitalization of $240.79 billion, a PE ratio of 41.21, a P/E/G ratio of 2.58 and a beta of 1.38. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.11. Salesforce, Inc. has a 12 month low of $212.00 and a 12 month high of $369.00. The company's 50 day simple moving average is $276.19 and its 200 day simple moving average is $308.58.

Salesforce Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 10th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Thursday, April 10th. This is an increase from Salesforce's previous quarterly dividend of $0.40. Salesforce's payout ratio is currently 26.10%.

Insider Activity

In other news, insider Miguel Milano sold 458 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $307.97, for a total transaction of $141,050.26. Following the completion of the transaction, the insider now owns 5,864 shares in the company, valued at approximately $1,805,936.08. This trade represents a 7.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Sundeep G. Reddy sold 500 shares of Salesforce stock in a transaction that occurred 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 transaction, 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 disclosure for this sale can be found here. Insiders sold a total of 44,961 shares of company stock worth $13,229,264 over the last 90 days. 3.20% of the stock is currently owned by company insiders.

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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