Salesforce Inc. $CRM Shares Acquired by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC increased its holdings in Salesforce Inc. by 6.1%, acquiring an additional 17,634 shares during the first quarter, bringing its total to 305,317 shares valued at approximately $81.9 million.
• Salesforce reported an EPS of $2.91 for the last quarter, exceeding analysts' expectations, with a year-over-year revenue growth of 9.8% to $10.24 billion.
• The company has announced a quarterly dividend of $0.416 per share, which will be paid on October 9th, representing an annualized dividend yield of 0.7%.

Intech Investment Management LLC boosted its position in Salesforce Inc. (NYSE:CRM - Free Report) by 6.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 305,317 shares of the CRM provider's stock after buying an additional 17,634 shares during the period. Salesforce makes up about 0.8% of Intech Investment Management LLC's holdings, making the stock its 15th biggest position. Intech Investment Management LLC's holdings in Salesforce were worth $81,935,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CRM. Coign Capital Advisors LLC lifted its holdings in Salesforce by 1.7% in the 1st quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider's stock worth $586,000 after buying an additional 37 shares in the last quarter. Staley Capital Advisers Inc. lifted its holdings in Salesforce by 1.1% in the 1st quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider's stock worth $897,000 after buying an additional 38 shares in the last quarter. KDT Advisors LLC lifted its holdings in Salesforce by 4.1% in the 1st quarter. KDT Advisors LLC now owns 967 shares of the CRM provider's stock worth $260,000 after buying an additional 38 shares in the last quarter. Liberty One Investment Management LLC lifted its holdings in Salesforce by 1.2% in the 1st quarter. Liberty One Investment Management LLC now owns 3,165 shares of the CRM provider's stock worth $849,000 after buying an additional 39 shares in the last quarter. Finally, First Command Advisory Services Inc. increased its holdings in Salesforce by 7.3% during the 1st quarter. First Command Advisory Services Inc. now owns 572 shares of the CRM provider's stock worth $154,000 after purchasing an additional 39 shares during the last quarter. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CRM has been the topic of several analyst reports. Roth Capital restated a "buy" rating and set a $395.00 price objective on shares of Salesforce in a report on Thursday, September 4th. Deutsche Bank Aktiengesellschaft cut their price target 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. Stephens decreased their price objective on shares of Salesforce from $311.00 to $309.00 and set an "equal weight" rating for the company in a report on Friday, May 30th. Macquarie reissued a "neutral" rating and set a $290.00 price objective on shares of Salesforce in a report on Thursday, September 4th. Finally, Royal Bank Of Canada cut their target price on shares of Salesforce from $275.00 to $250.00 and set a "sector perform" rating on the stock in a research note on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Salesforce currently has a consensus rating of "Moderate Buy" and a consensus target price of $332.58.

Salesforce Stock Up 1.5%

Shares of Salesforce stock traded up $3.69 during trading on Thursday, reaching $246.26. The company had a trading volume of 6,940,645 shares, compared to its average volume of 10,011,086. The company has a market cap of $234.44 billion, a price-to-earnings ratio of 35.79, a price-to-earnings-growth ratio of 2.21 and a beta of 1.22. The firm's fifty day moving average is $253.79 and its 200-day moving average is $265.23. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00.

Salesforce (NYSE:CRM - Get Free Report) last posted its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, beating 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 business had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period in the previous year, the business posted $2.56 EPS. The company's quarterly revenue was up 9.8% on a year-over-year basis. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. On average, analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

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

Insider Activity

In other Salesforce news, Director David Blair Kirk purchased 3,400 shares of the firm's stock in a transaction dated Tuesday, September 9th. The stock was acquired at an average cost of $254.66 per share, with a total value of $865,844.00. Following the acquisition, the director owned 3,824 shares of the company's stock, valued at approximately $973,819.84. This represents a 801.89% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $257.02, for a total transaction of $578,295.00. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at $3,061,511,978.42. This trade represents a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 70,577 shares of company stock valued at $18,005,778 over the last ninety days. Company insiders own 3.00% of the company's stock.

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.