BI Asset Management Fondsmaeglerselskab A S Acquires 18,600 Shares of Salesforce Inc. $CRM

BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 15.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 140,736 shares of the CRM provider's stock after purchasing an additional 18,600 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Salesforce were worth $37,282,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Board of the Pension Protection Fund acquired a new stake in Salesforce during the 4th quarter worth $26,000. Key Capital Management INC acquired a new stake in Salesforce during the 4th quarter worth $26,000. Legacy Bridge LLC acquired a new stake in Salesforce during the 4th quarter worth $27,000. Texas Capital Bancshares Inc TX acquired a new stake in Salesforce during the 3rd quarter worth $28,000. Finally, Dogwood Wealth Management LLC grew its holdings in Salesforce by 285.7% during the 4th quarter. Dogwood Wealth Management LLC now owns 108 shares of the CRM provider's stock worth $29,000 after acquiring an additional 80 shares during the period. Institutional investors and hedge funds own 80.43% of the company's stock.

Insider Transactions at Salesforce

In related news, Director David Blair Kirk purchased 2,570 shares of the firm's stock in a transaction that occurred on Wednesday, March 18th. The shares were acquired at an average price of $194.62 per share, for a total transaction of $500,173.40. Following the purchase, the director owned 13,689 shares in the company, valued at approximately $2,664,153.18. This represents a 23.11% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Laura Alber purchased 2,571 shares of the firm's stock in a transaction that occurred on Thursday, March 19th. The stock was bought at an average price of $194.58 per share, for a total transaction of $500,265.18. Following the purchase, the director owned 9,530 shares in the company, valued at $1,854,347.40. The trade was a 36.94% increase in their position. The SEC filing for this purchase provides additional information. 3.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. TD Cowen lowered their target price on shares of Salesforce from $250.00 to $240.00 and set a "buy" rating for the company in a report on Thursday, May 28th. Bank of America began coverage on shares of Salesforce in a research report on Monday, May 18th. They set an "underperform" rating and a $160.00 price target on the stock. Wall Street Zen raised shares of Salesforce from a "hold" rating to a "buy" rating in a research report on Saturday. Morgan Stanley reduced their price target on shares of Salesforce from $398.00 to $287.00 and set an "overweight" rating on the stock in a research report on Monday, February 23rd. Finally, KeyCorp reduced their price target on shares of Salesforce from $300.00 to $290.00 and set an "overweight" rating on the stock in a research report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Salesforce presently has a consensus rating of "Moderate Buy" and an average target price of $257.97.

Key Headlines Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce announced a landmark partnership with FIFA for the 2026 World Cup and 2027 Women’s World Cup, which could showcase its AI-driven Agentforce 360 platform to a massive global audience and potentially drive future enterprise demand. Article Title
• Positive Sentiment: KeyCorp kept an Overweight rating and a $290 price target on Salesforce, while modeling earnings above consensus for FY2027, signaling continued analyst confidence in the company’s profit growth. Article Title
• Positive Sentiment: Recent commentary highlights Salesforce’s strong momentum, helped by its AI strategy, Agentforce rollout, recurring revenue base, and expanding free cash flow, which may keep long-term investors interested. Article Title
• Neutral Sentiment: Salesforce’s presentation at the Evercore Global TMT Conference and valuation-focused coverage suggest investors are still reassessing how much of the AI and Agentforce optimism is already priced in. Article Title
• Negative Sentiment: Bridgewater Associates reportedly sold Salesforce, which can pressure sentiment in the near term, although the article argues that institutional selling may create a better entry point for patient investors. Article Title

Salesforce Stock Down 1.5%

Salesforce stock opened at $185.85 on Friday. The firm has a market capitalization of $152.21 billion, a PE ratio of 21.51, a P/E/G ratio of 1.19 and a beta of 1.16. The company's 50-day moving average is $181.31 and its 200-day moving average is $208.90. Salesforce Inc. has a fifty-two week low of $163.52 and a fifty-two week high of $276.80. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.79 and a quick ratio of 0.79.

Salesforce (NYSE:CRM - Get Free Report) last released its quarterly earnings data on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share for the quarter, topping the consensus estimate of $3.13 by $0.75. The company had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.05 billion. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. Salesforce's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.58 EPS. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. Sell-side analysts anticipate that Salesforce Inc. will post 10.13 earnings per share for the current year.

Salesforce declared that its Board of Directors has approved a share buyback plan on Monday, March 16th that authorizes the company to repurchase $25.00 billion in outstanding shares. This repurchase authorization authorizes the CRM provider to reacquire up to 14.1% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its shares are undervalued.

Salesforce Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Thursday, June 11th will be paid a $0.44 dividend. The ex-dividend date is Thursday, June 11th. This represents a $1.76 dividend on an annualized basis and a yield of 0.9%. Salesforce's dividend payout ratio is 20.37%.

About Salesforce

Salesforce, founded in 1999 and headquartered in San Francisco, is a global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications. The company popularized the software-as-a-service (SaaS) model for CRM and has built a broad portfolio of products designed to help organizations manage sales, service, marketing, commerce and analytics through a unified, cloud-first platform.

Core offerings include Sales Cloud for sales automation, Service Cloud for customer support, Marketing Cloud for digital marketing and engagement, and Commerce Cloud for e-commerce.

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 reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.