B. Metzler seel. Sohn & Co. AG Has $42.83 Million Stock Holdings in Salesforce, Inc. (NYSE:CRM)

B. Metzler seel. Sohn & Co. AG lessened its holdings in shares of Salesforce, Inc. (NYSE:CRM - Free Report) by 13.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 128,085 shares of the CRM provider's stock after selling 20,332 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Salesforce were worth $42,829,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. United Bank boosted its stake in Salesforce by 1.1% during the 3rd quarter. United Bank now owns 7,303 shares of the CRM provider's stock valued at $1,999,000 after purchasing an additional 76 shares in the last quarter. Northwest & Ethical Investments L.P. lifted its holdings in Salesforce by 89.4% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 1,710 shares of the CRM provider's stock valued at $468,000 after acquiring an additional 807 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of Salesforce by 1.1% in the 3rd quarter. Captrust Financial Advisors now owns 52,069 shares of the CRM provider's stock worth $14,252,000 after purchasing an additional 582 shares during the last quarter. Semmax Financial Advisors Inc. grew its stake in shares of Salesforce by 39.3% in the 3rd quarter. Semmax Financial Advisors Inc. now owns 6,925 shares of the CRM provider's stock worth $1,895,000 after purchasing an additional 1,954 shares during the last quarter. Finally, Timber Creek Capital Management LLC raised its holdings in shares of Salesforce by 4.2% in the 3rd quarter. Timber Creek Capital Management LLC now owns 17,483 shares of the CRM provider's stock worth $4,785,000 after purchasing an additional 703 shares in the last quarter. 80.43% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling

In other news, CAO Sundeep G. Reddy sold 436 shares of the stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $332.28, for a total value of $144,874.08. Following the completion of the sale, the chief accounting officer now owns 7,057 shares of the company's stock, valued at approximately $2,344,899.96. This represents a 5.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Parker Harris sold 652 shares of the business's stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $332.28, for a total transaction of $216,646.56. Following the transaction, the insider now owns 121,467 shares in the company, valued at approximately $40,361,054.76. The trade was a 0.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 45,660 shares of company stock worth $14,095,336. 3.20% of the stock is owned by corporate insiders.

Salesforce Trading Up 0.7 %

Shares of Salesforce stock traded up $1.82 during trading hours on Tuesday, hitting $270.18. The company's stock had a trading volume of 4,596,911 shares, compared to its average volume of 6,653,506. Salesforce, Inc. has a 12 month low of $212.00 and a 12 month high of $369.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market capitalization of $259.64 billion, a PE ratio of 44.44, a price-to-earnings-growth ratio of 2.58 and a beta of 1.35. The stock has a 50 day moving average of $308.26 and a 200 day moving average of $311.67.

Salesforce Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 10th will be paid a $0.42 dividend. This is an increase from Salesforce's previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 10th. This represents a $1.68 annualized dividend and a dividend yield of 0.62%. Salesforce's dividend payout ratio (DPR) is currently 26.10%.

Analyst Upgrades and Downgrades

CRM has been the topic of several recent research reports. JMP Securities restated a "market outperform" rating and issued a $450.00 price target on shares of Salesforce in a research report on Wednesday, December 18th. Wells Fargo & Company decreased their target price on Salesforce from $345.00 to $310.00 and set an "equal weight" rating on the stock in a report on Thursday, February 27th. Loop Capital reduced their target price on Salesforce from $330.00 to $300.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Guggenheim reissued a "sell" rating and issued a $247.00 price target on shares of Salesforce in a research note on Thursday, February 27th. Finally, TD Cowen raised shares of Salesforce from a "hold" rating to a "buy" rating and lifted their target price for the stock from $380.00 to $400.00 in a research report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-one have given a buy rating and five have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Salesforce has a consensus rating of "Moderate Buy" and a consensus price target of $361.42.

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.