5,409 Shares in Salesforce, Inc. (NYSE:CRM) Acquired by 111 Capital

111 Capital bought a new position in Salesforce, Inc. (NYSE:CRM - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 5,409 shares of the CRM provider's stock, valued at approximately $1,808,000.

A number of other institutional investors have also modified their holdings of the stock. Geode Capital Management LLC increased its stake in shares of Salesforce by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 19,955,353 shares of the CRM provider's stock valued at $6,656,078,000 after purchasing an additional 175,035 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in Salesforce by 1.4% in the 4th quarter. Fisher Asset Management LLC now owns 12,453,872 shares of the CRM provider's stock worth $4,163,703,000 after buying an additional 177,321 shares during the last quarter. Northern Trust Corp boosted its holdings in Salesforce by 18.3% in the 4th quarter. Northern Trust Corp now owns 11,224,927 shares of the CRM provider's stock worth $3,752,830,000 after buying an additional 1,736,667 shares during the last quarter. Norges Bank acquired a new stake in Salesforce in the 4th quarter worth about $3,599,867,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Salesforce by 23.2% in the 4th 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 during the last quarter. Hedge funds and other institutional investors own 80.43% of the company's stock.

Insiders Place Their Bets

In other Salesforce news, insider Miguel Milano sold 705 shares of the firm's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $279.44, for a total value of $197,005.20. Following the sale, the insider now directly owns 9,323 shares in the company, valued at $2,605,219.12. This trade represents a 7.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Srinivas Tallapragada sold 6,697 shares of the firm's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $295.00, for a total transaction of $1,975,615.00. Following the completion of the sale, the insider now owns 41,422 shares in the company, valued at $12,219,490. This represents a 13.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 46,553 shares of company stock worth $12,897,323 in the last quarter. 3.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CRM. Canaccord Genuity Group lowered their target price on Salesforce from $400.00 to $350.00 and set a "buy" rating on the stock in a report on Wednesday. Northland Securities decreased their price objective on Salesforce from $423.00 to $396.00 and set an "outperform" rating on the stock in a report on Thursday. Needham & Company LLC reissued a "buy" rating and issued a $400.00 target price on shares of Salesforce in a research report on Wednesday. DA Davidson restated an "underperform" rating and issued a $200.00 price objective on shares of Salesforce in a research note on Wednesday. Finally, Bank of America decreased their target price on shares of Salesforce from $440.00 to $400.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-eight have assigned a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat, Salesforce presently has a consensus rating of "Moderate Buy" and an average price target of $343.32.

Salesforce Stock Performance

CRM traded down $1.89 on Friday, hitting $265.03. 12,373,506 shares of the company's stock were exchanged, compared to its average volume of 6,790,605. The firm has a market cap of $254.80 billion, a PE ratio of 43.59, a P/E/G ratio of 2.58 and a beta of 1.42. Salesforce, Inc. has a twelve month low of $216.06 and a twelve month high of $369.00. The stock has a fifty day moving average of $267.31 and a two-hundred day moving average of $304.75. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM - Get Free Report) last posted its earnings results on Wednesday, May 28th. The CRM provider reported $2.58 EPS for the quarter, topping the consensus estimate of $2.55 by $0.03. The firm had revenue of $9.83 billion during the quarter, compared to analysts' expectations of $9.74 billion. Salesforce had a net margin of 15.96% and a return on equity of 12.34%. Salesforce's quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.44 EPS. On average, research analysts anticipate that Salesforce, Inc. will post 7.46 earnings per share for the current fiscal year.

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 given a $0.42 dividend. This is an increase 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 dividend on an annualized basis and a yield of 0.63%. Salesforce's dividend payout ratio is presently 25.98%.

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.