Salesforce, Inc. (NYSE:CRM) Shares Acquired by Aljian Capital Management LLC

Aljian Capital Management LLC boosted its holdings in Salesforce, Inc. (NYSE:CRM) by 16.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,258 shares of the CRM provider’s stock after buying an additional 1,834 shares during the quarter. Salesforce accounts for about 0.8% of Aljian Capital Management LLC’s investment portfolio, making the stock its 20th largest position. Aljian Capital Management LLC’s holdings in Salesforce were worth $3,629,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Edgestream Partners L.P. boosted its position in Salesforce by 1,126.0% during the 1st quarter. Edgestream Partners L.P. now owns 9,367 shares of the CRM provider’s stock worth $2,821,000 after acquiring an additional 8,603 shares during the period. Safeguard Investment Advisory Group LLC bought a new stake in Salesforce in the first quarter worth $214,000. Capitolis Liquid Global Markets LLC increased its position in Salesforce by 186.2% during the first quarter. Capitolis Liquid Global Markets LLC now owns 457,900 shares of the CRM provider’s stock worth $137,910,000 after buying an additional 297,900 shares during the last quarter. Atlanta Consulting Group Advisors LLC bought a new position in Salesforce during the first quarter valued at about $969,000. Finally, Bessemer Group Inc. lifted its position in shares of Salesforce by 103.5% in the first quarter. Bessemer Group Inc. now owns 54,761 shares of the CRM provider’s stock worth $16,494,000 after buying an additional 27,850 shares during the last quarter. Institutional investors own 80.43% of the company’s stock.

Salesforce Trading Down 1.9 %

NYSE CRM opened at $325.26 on Monday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15. Salesforce, Inc. has a 12 month low of $212.00 and a 12 month high of $348.86. The company has a market capitalization of $310.95 billion, a PE ratio of 56.57, a P/E/G ratio of 2.94 and a beta of 1.29. The stock has a 50-day simple moving average of $286.61 and a 200 day simple moving average of $266.61.

Salesforce (NYSE:CRM) last announced its earnings results on Wednesday, August 28th. The CRM provider reported $2.56 EPS for the quarter, topping the consensus estimate of $2.36 by $0.20. The firm had revenue of $9.33 billion for the quarter, compared to the consensus estimate of $9.22 billion. Salesforce had a net margin of 15.44% and a return on equity of 12.01%. The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the company posted $1.63 EPS. Research analysts forecast that Salesforce, Inc. will post 7.55 EPS for the current year.

Salesforce Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Wednesday, September 18th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend was Wednesday, September 18th. Salesforce’s dividend payout ratio is currently 27.83%.

Insiders Place Their Bets

In related news, CAO Sundeep G. Reddy sold 413 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $285.29, for a total value of $117,824.77. Following the completion of the sale, the chief accounting officer now directly owns 7,006 shares in the company, valued at approximately $1,998,741.74. The trade was a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Amy E. Weaver sold 897 shares of Salesforce stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $285.29, for a total value of $255,905.13. Following the completion of the transaction, the chief financial officer now directly owns 52,930 shares of the company’s stock, valued at $15,100,399.70. This represents a 1.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 144,373 shares of company stock worth $41,250,680 in the last quarter. 3.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

CRM has been the topic of a number of analyst reports. Evercore ISI reissued an “outperform” rating and issued a $300.00 price objective on shares of Salesforce in a research note on Monday, August 26th. Wedbush boosted their price objective on shares of Salesforce from $315.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, September 27th. JMP Securities reiterated a “market outperform” rating and issued a $342.00 target price on shares of Salesforce in a research note on Wednesday, August 28th. Robert W. Baird boosted their price objective on Salesforce from $295.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Finally, Northland Securities upgraded shares of Salesforce from a “market perform” rating to an “outperform” rating and upped their target price for the company from $270.00 to $400.00 in a research note on Wednesday, October 2nd. Nine investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $322.51.

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.