DSG Capital Advisors LLC Takes $3.24 Million Position in Salesforce, Inc. (NYSE:CRM)

DSG Capital Advisors LLC bought a new stake in Salesforce, Inc. (NYSE:CRM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 9,682 shares of the CRM provider's stock, valued at approximately $3,237,000.

Several other institutional investors also recently bought and sold shares of CRM. Nvest Financial LLC increased its stake in shares of Salesforce by 1.1% in the fourth quarter. Nvest Financial LLC now owns 2,806 shares of the CRM provider's stock worth $938,000 after buying an additional 31 shares during the period. OMC Financial Services LTD grew its holdings in Salesforce by 0.3% in the 4th quarter. OMC Financial Services LTD now owns 11,390 shares of the CRM provider's stock worth $3,808,000 after acquiring an additional 31 shares during the last quarter. Capital Advisors Ltd. LLC increased its position in shares of Salesforce by 4.1% in the fourth quarter. Capital Advisors Ltd. LLC now owns 787 shares of the CRM provider's stock valued at $263,000 after acquiring an additional 31 shares during the period. Prossimo Advisors LLC increased its position in shares of Salesforce by 1.0% in the fourth quarter. Prossimo Advisors LLC now owns 3,366 shares of the CRM provider's stock valued at $1,125,000 after acquiring an additional 32 shares during the period. Finally, Muirfield Wealth Advisors LLC raised its stake in shares of Salesforce by 2.3% during the fourth quarter. Muirfield Wealth Advisors LLC now owns 1,457 shares of the CRM provider's stock valued at $487,000 after acquiring an additional 33 shares during the last quarter. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Salesforce

In other news, CAO Sundeep G. Reddy sold 1,909 shares of Salesforce stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $284.58, for a total transaction of $543,263.22. Following the sale, the chief accounting officer now owns 11,310 shares in the company, valued at $3,218,599.80. This trade represents a 14.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Amy E. Weaver sold 6,221 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $301.00, for a total transaction of $1,872,521.00. Following the transaction, the chief financial officer now owns 46,750 shares of the company's stock, valued at approximately $14,071,750. This represents a 11.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,553 shares of company stock valued at $12,897,323 over the last 90 days. 3.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CRM. Wells Fargo & Company raised their target price on Salesforce from $255.00 to $275.00 and gave the stock an "equal weight" rating in a research note on Thursday. Loop Capital decreased their target price on Salesforce from $330.00 to $300.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Mizuho dropped their price target on Salesforce from $425.00 to $380.00 and set an "outperform" rating for the company in a research note on Thursday, May 15th. Morgan Stanley reissued an "overweight" rating and set a $404.00 price objective (up from $393.00) on shares of Salesforce in a research report on Thursday. Finally, Northland Securities dropped their target price on shares of Salesforce from $423.00 to $396.00 and set an "outperform" rating for the company in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-eight have given a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, Salesforce currently has an average rating of "Moderate Buy" and a consensus price target of $343.32.

Salesforce Stock Performance

Salesforce stock traded down $1.89 during midday trading on Friday, reaching $265.03. 12,373,506 shares of the company traded hands, compared to its average volume of 6,790,605. Salesforce, Inc. has a 12 month low of $216.06 and a 12 month high of $369.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.11. The business has a 50 day moving average of $267.31 and a two-hundred day moving average of $304.75. The firm has a market capitalization of $254.80 billion, a price-to-earnings ratio of 43.59, a price-to-earnings-growth ratio of 2.58 and a beta of 1.42.

Salesforce (NYSE:CRM - Get Free Report) last announced its earnings results on Wednesday, May 28th. The CRM provider reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.03. The company had revenue of $9.83 billion during the quarter, compared to analyst estimates of $9.74 billion. Salesforce had a net margin of 15.96% and a return on equity of 12.34%. The firm's quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.44 earnings per share. As a group, research analysts predict that Salesforce, Inc. will post 7.46 earnings per share for the current year.

Salesforce Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Thursday, April 10th were paid a dividend of $0.42 per share. This is a boost 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 (DPR) is presently 25.98%.

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.