63,228 Shares in Salesforce, Inc. (NYSE:CRM) Purchased by Banque Transatlantique SA

Banque Transatlantique SA bought a new stake in Salesforce, Inc. (NYSE:CRM - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 63,228 shares of the CRM provider's stock, valued at approximately $20,941,000.

Other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new stake in Salesforce in the fourth quarter valued at $3,599,867,000. Raymond James Financial Inc. acquired a new position in Salesforce during the 4th quarter valued at about $1,173,564,000. Invesco Ltd. grew its position in Salesforce by 42.5% in the 4th quarter. Invesco Ltd. now owns 7,791,015 shares of the CRM provider's stock worth $2,604,770,000 after purchasing an additional 2,325,156 shares during the last quarter. Northern Trust Corp increased its stake in shares of Salesforce by 18.3% in the fourth quarter. Northern Trust Corp now owns 11,224,927 shares of the CRM provider's stock valued at $3,752,830,000 after purchasing an additional 1,736,667 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings 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 valued at $2,988,422,000 after buying an additional 1,683,233 shares during the last quarter. 80.43% of the stock is owned by institutional investors.

Salesforce Trading Up 0.4 %

CRM traded up $1.02 during mid-day trading on Tuesday, reaching $273.65. The stock had a trading volume of 4,674,137 shares, compared to its average volume of 6,824,629. The stock has a market capitalization of $263.08 billion, a P/E ratio of 45.01, a P/E/G ratio of 2.58 and a beta of 1.42. Salesforce, Inc. has a 52 week low of $212.00 and a 52 week high of $369.00. 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 fifty day simple moving average is $268.64 and its two-hundred day simple moving average is $307.67.

Salesforce Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Thursday, April 10th were issued a dividend of $0.42 per share. The ex-dividend date was Thursday, April 10th. This represents a $1.68 dividend on an annualized basis and a yield of 0.61%. This is a boost from Salesforce's previous quarterly dividend of $0.40. Salesforce's dividend payout ratio (DPR) is 26.10%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Robert W. Baird lowered their target price on Salesforce from $430.00 to $400.00 and set an "outperform" rating on the stock in a research report on Thursday, February 27th. Cantor Fitzgerald started coverage on shares of Salesforce in a research note on Wednesday, April 23rd. They set an "overweight" rating and a $210.00 price objective on the stock. Canaccord Genuity Group decreased their target price on shares of Salesforce from $415.00 to $400.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. DA Davidson restated an "underperform" rating and set a $200.00 price target on shares of Salesforce in a research report on Monday, April 21st. Finally, Bank of America lowered their price objective on shares of Salesforce from $440.00 to $400.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-two have given a buy rating and five have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Salesforce has an average rating of "Moderate Buy" and an average target price of $350.56.

Insider Transactions at Salesforce

In related news, CFO Amy E. Weaver sold 6,221 shares of the company's 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 sale, the chief financial officer now owns 46,750 shares in the company, valued at $15,342,415. This represents a 11.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian Millham sold 3,937 shares of Salesforce stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $284.58, for a total value of $1,120,391.46. Following the transaction, the chief executive officer now owns 5,518 shares in the company, valued at approximately $1,570,312.44. This represents a 41.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,830 shares of company stock worth $12,907,361. 3.20% of the stock is currently owned by company insiders.

About Salesforce

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.