17,561 Shares in Salesforce, Inc. (NYSE:CRM) Bought by TFJ Management LLC

TFJ Management LLC acquired a new stake in shares of Salesforce, Inc. (NYSE:CRM - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,561 shares of the CRM provider's stock, valued at approximately $5,871,000. Salesforce comprises 5.3% of TFJ Management LLC's portfolio, making the stock its 7th biggest holding.

A number of other large investors have also made changes to their positions in CRM. Bernard Wealth Management Corp. bought a new position in Salesforce in the 4th quarter worth $25,000. Arlington Trust Co LLC boosted its stake in shares of Salesforce by 85.1% during the 4th quarter. Arlington Trust Co LLC now owns 87 shares of the CRM provider's stock worth $29,000 after purchasing an additional 40 shares during the period. Compass Financial Services Inc bought a new position in Salesforce in the 4th quarter valued at $30,000. Asset Planning Inc purchased a new stake in Salesforce in the fourth quarter worth $31,000. Finally, Collier Financial purchased a new stake in shares of Salesforce during the fourth quarter valued at $32,000. 80.43% of the stock is currently owned by institutional investors.

Salesforce Price Performance

Salesforce stock traded up $13.86 during midday trading on Thursday, reaching $264.34. 4,345,138 shares of the company were exchanged, compared to its average volume of 6,783,787. The company has a market capitalization of $254.03 billion, a price-to-earnings ratio of 43.44, 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 quick ratio of 1.11 and a current ratio of 1.11. The firm's 50-day simple moving average is $276.19 and its 200-day simple moving average is $308.58. Salesforce, Inc. has a 1 year low of $212.00 and a 1 year high of $369.00.

Salesforce Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 10th will be given a $0.42 dividend. The ex-dividend date is Thursday, April 10th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.64%. This is an increase from Salesforce's previous quarterly dividend of $0.40. Salesforce's payout ratio is currently 26.10%.

Insider Buying and Selling

In related news, CAO Sundeep G. Reddy sold 1,256 shares of Salesforce stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $253.31, for a total transaction of $318,157.36. Following the transaction, the chief accounting officer now owns 12,826 shares in the company, valued at approximately $3,248,954.06. The trade was a 8.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Amy E. Weaver sold 6,221 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $328.18, for a total value of $2,041,607.78. Following the completion of the sale, the chief financial officer now directly owns 46,750 shares of the company's stock, valued at $15,342,415. The trade was a 11.74 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 44,961 shares of company stock valued at $13,229,264. Insiders own 3.20% of the company's stock.

Analyst Ratings Changes

CRM has been the topic of several recent research reports. Redburn Atlantic initiated coverage on shares of Salesforce in a report on Wednesday, February 19th. They set a "buy" rating on the stock. Loop Capital reduced their price objective on shares of Salesforce from $330.00 to $300.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. BMO Capital Markets reiterated an "outperform" rating on shares of Salesforce in a report on Wednesday, March 19th. Citigroup reiterated a "buy" rating on shares of Salesforce in a research note on Wednesday, March 19th. Finally, Wells Fargo & Company decreased their price target on shares of Salesforce from $310.00 to $255.00 and set an "equal weight" rating for the company in a report on Tuesday. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-one have issued a buy rating and five have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $355.19.

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.