2,621 Shares in Salesforce, Inc. (NYSE:CRM) Purchased by Three Seasons Wealth LLC

Three Seasons Wealth LLC purchased a new position in shares of Salesforce, Inc. (NYSE:CRM - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,621 shares of the CRM provider's stock, valued at approximately $877,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Salesforce in the fourth quarter worth about $3,599,867,000. Raymond James Financial Inc. acquired a new position in shares of Salesforce in the 4th quarter valued at approximately $1,173,564,000. Invesco Ltd. boosted its stake in shares of Salesforce by 42.5% during the 4th quarter. Invesco Ltd. now owns 7,791,015 shares of the CRM provider's stock valued at $2,604,770,000 after buying an additional 2,325,156 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Salesforce by 23.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,938,536 shares of the CRM provider's stock worth $2,988,422,000 after buying an additional 1,683,233 shares in the last quarter. Finally, Jennison Associates LLC increased its stake in shares of Salesforce by 52.7% in the fourth quarter. Jennison Associates LLC now owns 4,433,785 shares of the CRM provider's stock worth $1,482,347,000 after buying an additional 1,530,572 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Salesforce

In other news, CAO Sundeep G. Reddy sold 1,525 shares of the business's stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $253.66, for a total transaction of $386,831.50. Following the sale, the chief accounting officer now directly owns 12,211 shares of the company's stock, valued at $3,097,442.26. The trade was a 11.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Amy E. Weaver sold 6,221 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $328.18, for a total value of $2,041,607.78. Following the completion of the transaction, the chief financial officer now owns 46,750 shares of the company's stock, valued at $15,342,415. This trade represents a 11.74 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,051 shares of company stock valued at $15,027,714. Corporate insiders own 3.20% of the company's stock.

Salesforce Price Performance

Shares of NYSE:CRM traded up $3.17 during trading hours on Friday, hitting $267.87. 5,649,322 shares of the company's stock traded hands, compared to its average volume of 6,824,128. 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 company's fifty day simple moving average is $273.75 and its two-hundred day simple moving average is $308.41. Salesforce, Inc. has a 52 week low of $212.00 and a 52 week high of $369.00. The company has a market cap of $257.42 billion, a price-to-earnings ratio of 44.06, a price-to-earnings-growth ratio of 2.58 and a beta of 1.38.

Salesforce Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Thursday, April 10th were given a $0.42 dividend. This is a positive change from Salesforce's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.68 annualized dividend and a yield of 0.63%. Salesforce's payout ratio is 26.10%.

Analyst Ratings Changes

CRM has been the subject of several recent analyst reports. Citigroup reissued a "buy" rating on shares of Salesforce in a report on Wednesday, March 19th. Bank of America lowered their price objective on Salesforce from $440.00 to $400.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Robert W. Baird reduced their target price on Salesforce from $430.00 to $400.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. Needham & Company LLC reissued a "buy" rating and set a $400.00 price target on shares of Salesforce in a research report on Friday. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of Salesforce in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-one have given a buy rating and five have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $351.37.

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.