Salesforce, Inc. (NYSE:CRM) Shares Bought by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB increased its stake in shares of Salesforce, Inc. (NYSE:CRM - Free Report) by 9.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,919 shares of the CRM provider's stock after buying an additional 2,777 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in Salesforce were worth $10,337,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in CRM. Aviance Capital Partners LLC lifted its holdings in Salesforce by 0.5% during the third quarter. Aviance Capital Partners LLC now owns 6,797 shares of the CRM provider's stock valued at $1,860,000 after purchasing an additional 33 shares in the last quarter. EWA LLC lifted its stake in Salesforce by 1.7% in the 3rd quarter. EWA LLC now owns 2,001 shares of the CRM provider's stock valued at $548,000 after buying an additional 33 shares in the last quarter. Umpqua Bank boosted its holdings in Salesforce by 0.4% in the 3rd quarter. Umpqua Bank now owns 7,708 shares of the CRM provider's stock worth $2,110,000 after buying an additional 34 shares during the last quarter. Principal Street Partners LLC increased its stake in Salesforce by 1.0% during the 3rd quarter. Principal Street Partners LLC now owns 3,297 shares of the CRM provider's stock worth $891,000 after buying an additional 34 shares in the last quarter. Finally, Nvwm LLC raised its holdings in shares of Salesforce by 1.4% during the third quarter. Nvwm LLC now owns 2,565 shares of the CRM provider's stock valued at $667,000 after acquiring an additional 36 shares during the last quarter. Institutional investors own 80.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. KeyCorp raised Salesforce from a "sector weight" rating to an "overweight" rating and set a $440.00 price objective for the company in a research note on Friday, December 13th. UBS Group raised their price target on shares of Salesforce from $275.00 to $360.00 and gave the stock a "neutral" rating in a research note on Friday, November 22nd. Wedbush reaffirmed an "outperform" rating and set a $425.00 price objective on shares of Salesforce in a research note on Wednesday, December 18th. Wells Fargo & Company raised their target price on shares of Salesforce from $275.00 to $330.00 and gave the stock an "equal weight" rating in a research note on Tuesday, November 12th. Finally, BMO Capital Markets upped their price target on Salesforce from $385.00 to $425.00 and gave the company an "outperform" rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have assigned a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, Salesforce has a consensus rating of "Moderate Buy" and an average price target of $377.63.

Salesforce Stock Up 1.5 %

Shares of CRM stock traded up $4.77 on Monday, reaching $324.77. 6,283,814 shares of the stock were exchanged, compared to its average volume of 4,604,853. Salesforce, Inc. has a twelve month low of $212.00 and a twelve 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 company has a market capitalization of $310.81 billion, a price-to-earnings ratio of 53.42, a PEG ratio of 2.87 and a beta of 1.30. The business's 50 day moving average price is $337.31 and its 200 day moving average price is $292.02.

Salesforce (NYSE:CRM - Get Free Report) last released its quarterly earnings data on Tuesday, December 3rd. The CRM provider reported $2.41 EPS for the quarter, missing analysts' consensus estimates of $2.44 by ($0.03). The business had revenue of $9.44 billion during the quarter, compared to analysts' expectations of $9.35 billion. Salesforce had a net margin of 15.96% and a return on equity of 12.34%. The company's revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.62 EPS. As a group, sell-side analysts expect that Salesforce, Inc. will post 7.48 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Wednesday, December 18th were given a $0.40 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $1.60 dividend on an annualized basis and a yield of 0.49%. Salesforce's dividend payout ratio (DPR) is presently 26.32%.

Insider Buying and Selling at Salesforce

In other news, insider Parker Harris sold 4,200 shares of Salesforce stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $288.82, for a total value of $1,213,044.00. Following the transaction, the insider now directly owns 118,514 shares of the company's stock, valued at $34,229,213.48. The trade was a 3.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Brian Millham sold 6,161 shares of the firm's stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $289.75, for a total transaction of $1,785,149.75. Following the transaction, the chief operating officer now directly owns 969 shares in the company, valued at $280,767.75. The trade was a 86.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,183,838 shares of company stock worth $405,595,158 over the last 90 days. Corporate insiders own 3.20% of the company's stock.

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.