Highland Capital Management LLC Has $2.12 Million Stake in Salesforce Inc. $CRM

Key Points

• Highland Capital Management LLC has reduced its stake in Salesforce Inc. by 24.6%, holding 7,760 shares valued at approximately $2.12 million after selling 2,532 shares during the second quarter.
• Salesforce reported an earnings per share (EPS) of $2.91 for the latest quarter, exceeding the consensus estimate of $2.78, alongside a revenue of $10.24 billion which was also above expectations.
• The company declared a quarterly dividend of $0.416 per share, scheduled for payment on October 9th, with a current annualized yield of 0.7%.

Highland Capital Management LLC trimmed its position in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 24.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,760 shares of the CRM provider's stock after selling 2,532 shares during the period. Highland Capital Management LLC's holdings in Salesforce were worth $2,116,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CRM. Painted Porch Advisors LLC boosted its stake in shares of Salesforce by 260.0% in the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider's stock valued at $25,000 after purchasing an additional 65 shares in the last quarter. Capital A Wealth Management LLC boosted its stake in shares of Salesforce by 450.0% in the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock valued at $30,000 after purchasing an additional 90 shares in the last quarter. CBIZ Investment Advisory Services LLC boosted its stake in shares of Salesforce by 314.8% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider's stock valued at $30,000 after purchasing an additional 85 shares in the last quarter. Abound Financial LLC acquired a new stake in shares of Salesforce in the 1st quarter valued at approximately $31,000. Finally, Christopher J. Hasenberg Inc boosted its stake in shares of Salesforce by 383.3% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider's stock valued at $32,000 after purchasing an additional 92 shares in the last quarter. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CRM has been the topic of a number of research analyst reports. Oppenheimer reduced their price target on shares of Salesforce from $370.00 to $315.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 26th. Weiss Ratings restated a "hold (c+)" rating on shares of Salesforce in a research note on Saturday, September 27th. Stifel Nicolaus reduced their price target on shares of Salesforce from $375.00 to $325.00 and set a "buy" rating on the stock in a research note on Wednesday, August 13th. UBS Group cut their target price on shares of Salesforce from $300.00 to $260.00 and set a "neutral" rating on the stock in a research report on Monday, August 18th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Salesforce from $400.00 to $340.00 and set a "buy" rating on the stock in a report on Thursday, September 4th. Twenty-six research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $332.58.

Salesforce Trading Up 0.6%

CRM opened at $240.25 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00. The company's 50 day moving average price is $246.66 and its two-hundred day moving average price is $260.19. The firm has a market capitalization of $228.72 billion, a price-to-earnings ratio of 34.92, a PEG ratio of 2.08 and a beta of 1.19.

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

Salesforce Dividend Announcement

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 is Wednesday, September 17th. This represents a $1.66 annualized dividend and a yield of 0.7%. Salesforce's dividend payout ratio (DPR) is presently 24.13%.

Insider Activity at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the firm's 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 completion of the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $3,165,738,224.67. This trade represents a 0.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David Blair Kirk purchased 3,400 shares of the stock in a transaction on Tuesday, September 9th. The shares were purchased at an average price of $254.66 per share, with a total value of $865,844.00. Following the acquisition, the director owned 3,824 shares in the company, valued at approximately $973,819.84. The trade was a 801.89% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 81,000 shares of company stock valued at $20,357,213. Company insiders own 3.00% of the company's stock.

About Salesforce

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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