Candriam S.C.A. Has $194.35 Million Holdings in Salesforce Inc. $CRM

Key Points

• Candriam S.C.A. increased its stake in Salesforce Inc. by 9.1% in Q1, holding approximately $194.35 million in shares, making it its 12th largest holding.
• Salesforce's stock is currently rated as a Moderate Buy by analysts, with a consensus target price of $342.89, amidst various ratings from four Strong Buy to two Sell.
• Salesforce recently reported quarterly earnings that exceeded estimates, with revenue up 7.6% year-over-year, and set guidance for FY 2026 at 11.270-11.330 EPS.

Candriam S.C.A. raised its holdings in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 9.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 724,227 shares of the CRM provider's stock after buying an additional 60,348 shares during the quarter. Salesforce comprises 1.2% of Candriam S.C.A.'s investment portfolio, making the stock its 12th largest holding. Candriam S.C.A. owned approximately 0.08% of Salesforce worth $194,354,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Bernard Wealth Management Corp. bought a new stake in shares of Salesforce during the fourth quarter valued at approximately $25,000. Accredited Wealth Management LLC bought a new stake in shares of Salesforce during the fourth quarter worth $27,000. Wood Tarver Financial Group LLC bought a new stake in shares of Salesforce during the fourth quarter worth $35,000. Capital A Wealth Management LLC grew its holdings in shares of Salesforce by 450.0% during the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock worth $30,000 after purchasing an additional 90 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC boosted its holdings in Salesforce by 314.8% in the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider's stock valued at $30,000 after acquiring an additional 85 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Oppenheimer reiterated an "outperform" rating and issued a $370.00 price target on shares of Salesforce in a report on Tuesday, June 10th. Erste Group Bank lowered Salesforce from a "buy" rating to a "hold" rating in a research report on Thursday, June 5th. DA Davidson raised Salesforce from an "underperform" rating to a "neutral" rating and set a $225.00 price target on the stock in a research report on Friday, August 15th. Citigroup dropped their price target on Salesforce from $320.00 to $295.00 and set a "neutral" rating on the stock in a research report on Friday, May 30th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $400.00 price target on shares of Salesforce in a research report on Wednesday, May 28th. Four research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $342.89.

Salesforce Stock Performance

Shares of NYSE CRM opened at $245.6070 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a 12 month low of $226.48 and a 12 month high of $369.00. The stock has a 50 day moving average of $259.40 and a 200-day moving average of $273.94. The company has a market capitalization of $234.80 billion, a P/E ratio of 38.44, a P/E/G ratio of 2.21 and a beta of 1.37.

Salesforce (NYSE:CRM - Get Free Report) last issued 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. Salesforce had a return on equity of 12.94% and a net margin of 16.08%.The company had revenue of $9.83 billion during the quarter, compared to the consensus estimate of $9.74 billion. During the same period in the previous year, the company posted $2.44 EPS. The firm's revenue for the quarter was up 7.6% compared to the same quarter last year. Salesforce has set its FY 2026 guidance at 11.270-11.330 EPS. Q2 2026 guidance at 2.760-2.780 EPS. As a group, equities research analysts predict that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Wednesday, June 18th were issued a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, June 18th. Salesforce's dividend payout ratio (DPR) is presently 25.98%.

Insiders Place Their Bets

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction on Monday, August 18th. The stock was sold at an average price of $242.44, for a total value of $545,490.00. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at $2,887,841,273.24. The trade was a 0.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders sold 51,032 shares of company stock worth $13,171,536. Company insiders own 3.00% of the company's stock.

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.

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