AMF Tjanstepension AB Has $394.89 Million Stock Position in Salesforce Inc. $CRM

Key Points

• AMF Tjanstepension AB now holds a total of $394.89 million in Salesforce Inc. shares, representing 2.6% of its investment portfolio after increasing its position by 2.7% in Q2.
• Salesforce reported earnings of $2.91 per share, exceeding expectations, with a revenue of $10.24 billion for the last quarter, up 9.8% year-over-year.
• The company declared a quarterly dividend of $0.416 per share, with an annualized yield of 0.7%, reflecting a payout ratio of 24.13%.

AMF Tjanstepension AB increased its holdings in Salesforce Inc. (NYSE:CRM - Free Report) by 2.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,447,757 shares of the CRM provider's stock after acquiring an additional 37,736 shares during the quarter. Salesforce comprises about 2.6% of AMF Tjanstepension AB's investment portfolio, making the stock its 10th biggest holding. AMF Tjanstepension AB owned about 0.15% of Salesforce worth $394,887,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CRM. Nuveen LLC bought a new position in shares of Salesforce in the 1st quarter worth about $2,039,196,000. Longview Partners Guernsey LTD purchased a new stake in Salesforce during the 1st quarter valued at about $467,944,000. Pacer Advisors Inc. grew its position in Salesforce by 1,744.0% during the 1st quarter. Pacer Advisors Inc. now owns 1,820,262 shares of the CRM provider's stock valued at $488,486,000 after purchasing an additional 1,721,550 shares during the last quarter. Vanguard Group Inc. grew its position in Salesforce by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider's stock valued at $23,592,501,000 after purchasing an additional 1,383,942 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. purchased a new stake in Salesforce during the 1st quarter valued at about $345,100,000. 80.43% of the stock is currently owned by institutional investors.

Salesforce Stock Performance

CRM opened at $240.25 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. The company has a market cap of $228.72 billion, a price-to-earnings ratio of 34.92, a PEG ratio of 2.06 and a beta of 1.19. The company's 50 day moving average is $246.66 and its 200 day moving average is $260.32. Salesforce Inc. has a 12-month low of $226.48 and a 12-month high of $369.00.

Salesforce (NYSE:CRM - Get Free Report) last posted its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.78 by $0.13. The company had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The firm's revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.56 earnings per share. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. On average, equities research analysts predict that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th will be issued a dividend of $0.416 per share. The ex-dividend date of this dividend is Wednesday, September 17th. This represents a $1.66 annualized dividend and a yield of 0.7%. Salesforce's payout ratio is currently 24.13%.

Insider Activity at Salesforce

In other news, Director David Blair Kirk purchased 3,400 shares of the stock in a transaction on Tuesday, September 9th. The shares were acquired at an average price of $254.66 per share, with a total value of $865,844.00. Following the completion of the acquisition, the director directly owned 3,824 shares of the company's stock, valued at $973,819.84. This trade represents a 801.89% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $265.77, for a total transaction of $597,982.50. Following the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at $3,165,738,224.67. This represents a 0.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 81,000 shares of company stock worth $20,357,213 in the last ninety days. Insiders own 3.00% of the company's stock.

Analyst Ratings Changes

CRM has been the topic of several recent analyst reports. JMP Securities reissued a "market outperform" rating and set a $430.00 price objective on shares of Salesforce in a research report on Tuesday, September 2nd. BMO Capital Markets dropped their price target on shares of Salesforce from $335.00 to $280.00 and set an "outperform" rating on the stock in a report on Thursday, September 4th. Oppenheimer dropped their price target on shares of Salesforce from $370.00 to $315.00 and set an "outperform" rating on the stock in a report on Tuesday, August 26th. UBS Group dropped their price target on shares of Salesforce from $300.00 to $260.00 and set a "neutral" rating on the stock in a report on Monday, August 18th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $325.00 price target on shares of Salesforce in a report on Thursday, September 4th. Twenty-six equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Salesforce has an average rating of "Moderate Buy" and an average price target of $332.58.

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.

Want to see what other hedge funds are holding CRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Salesforce Inc. (NYSE:CRM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.