MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires New Stake in Salesforce Inc. $CRM

Key Points

• Salesforce launched a historic $25 billion share repurchase (including an accelerated share repurchase that delivered ~103 million shares) and authorized buybacks of up to ~14.1% of outstanding shares, signaling management confidence and reducing float.
• Quarterly results beat expectations: Salesforce reported EPS of $3.81 vs. $3.05 consensus and $11.20B revenue, provided FY2027 EPS guidance of 13.110–13.190, and raised its quarterly dividend to $0.44 ($1.76 annualized).
• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. initiated a new stake of 837,015 shares in Salesforce, valued at about $198.7 million and representing roughly 0.09% ownership per the latest 13F filing.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Salesforce Inc. (NYSE:CRM - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 837,015 shares of the CRM provider's stock, valued at approximately $198,703,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.09% of Salesforce at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Marquette Asset Management LLC bought a new position in Salesforce during the third quarter valued at about $26,000. Evolution Wealth Management Inc. bought a new stake in Salesforce in the second quarter worth about $27,000. Texas Capital Bancshares Inc TX acquired a new stake in Salesforce in the 3rd quarter valued at about $28,000. Country Trust Bank lifted its holdings in Salesforce by 658.8% in the 2nd quarter. Country Trust Bank now owns 129 shares of the CRM provider's stock valued at $35,000 after acquiring an additional 112 shares during the last quarter. Finally, Capital A Wealth Management LLC boosted its position in shares of Salesforce by 40.9% during the 2nd quarter. Capital A Wealth Management LLC now owns 155 shares of the CRM provider's stock valued at $41,000 after purchasing an additional 45 shares in the last quarter. 80.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on CRM shares. DA Davidson dropped their target price on shares of Salesforce from $235.00 to $200.00 and set a "neutral" rating on the stock in a report on Friday, February 27th. Barclays reduced their target price on shares of Salesforce from $265.00 to $252.00 and set an "overweight" rating for the company in a report on Thursday, February 26th. Wolfe Research reaffirmed an "outperform" rating on shares of Salesforce in a report on Thursday, January 15th. Wall Street Zen upgraded Salesforce from a "hold" rating to a "buy" rating in a research report on Friday, November 28th. Finally, Robert W. Baird reduced their price objective on Salesforce from $325.00 to $315.00 and set an "outperform" rating for the company in a research note on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $280.21.

Salesforce Price Performance

Shares of NYSE:CRM opened at $198.13 on Tuesday. The company's fifty day moving average is $209.31 and its two-hundred day moving average is $234.58. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.18. Salesforce Inc. has a 12-month low of $174.57 and a 12-month high of $296.05. The company has a market cap of $182.87 billion, a P/E ratio of 25.37, a price-to-earnings-growth ratio of 1.40 and a beta of 1.29.

Salesforce (NYSE:CRM - Get Free Report) last released its earnings results on Wednesday, February 25th. The CRM provider reported $3.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.05 by $0.76. Salesforce had a return on equity of 15.38% and a net margin of 17.96%.The company had revenue of $11.20 billion during the quarter, compared to analyst estimates of $11.18 billion. During the same quarter in the prior year, the company earned $2.78 earnings per share. The company's revenue for the quarter was up 12.1% on a year-over-year basis. Salesforce has set its FY 2027 guidance at 13.110-13.190 EPS and its Q1 2027 guidance at 3.110-3.130 EPS. Equities analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 23rd. Shareholders of record on Thursday, April 9th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Thursday, April 9th. This is a boost from Salesforce's previous quarterly dividend of $0.42. Salesforce's dividend payout ratio is 21.25%.

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

Insider Buying and Selling

In other news, Director David Blair Kirk acquired 1,936 shares of the business's stock in a transaction that occurred on Wednesday, December 17th. The stock was acquired at an average cost of $258.64 per share, for a total transaction of $500,727.04. Following the completion of the acquisition, the director owned 10,677 shares in the company, valued at approximately $2,761,499.28. The trade was a 22.15% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Neelie Kroes sold 3,893 shares of Salesforce stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $238.70, for a total value of $929,259.10. Following the sale, the director directly owned 7,299 shares of the company's stock, valued at approximately $1,742,271.30. The trade was a 34.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 3.00% of the company's stock.

Key Headlines Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce commenced a historic $25 billion accelerated share repurchase (ASR), delivering ~103 million shares as the initial prepayment — the company says this is the largest-ever ASR and represents immediate execution of half of a $50 billion aggregate repurchase authorization. This reduces float and signals management confidence. Salesforce Commences Largest-Ever $25 Billion Accelerated Share Repurchase — BusinessWire
• Positive Sentiment: The Board authorized a $25 billion share-repurchase plan (up to ~14.1% of shares) via open-market purchases, reinforcing the buyback commitment and suggesting the board views the shares as undervalued. RTT News — Stock Buybacks
• Positive Sentiment: Multiple outlets flagged the ASR launch and framed it as the largest in history, which drew buying interest and headlines boosting sentiment around Salesforce’s AI-led growth strategy paired with a large capital-return program. Salesforce commences $25B share buyback amid AI growth focus — Seeking Alpha
• Positive Sentiment: Independent coverage reports the stock climbed on the historic $25B ASR launch, amplifying momentum from the buyback news. Blockonomi — Salesforce Stock Climbs on Historic $25B ASR
• Positive Sentiment: Notable value investors showed interest in recent quarters, with coverage noting portfolio purchases (e.g., Bill Nygren) that can lend credibility to the long case. 247WallSt — Bill Nygren Bought These Value Gems
• Neutral Sentiment: Market commentary and retail interest pieces note heavy search and discussion around CRM and summarize bullish theses from forums and retail research — useful for gauging retail momentum but not a direct catalyst. Zacks — Investors Heavily Search Salesforce
• Neutral Sentiment: Several commentary pieces recap bullish value arguments and forum-based theses on whether CRM is a buy; these provide context but largely echo the buyback and AI-growth story. Yahoo Finance — Is Salesforce A Good Stock To Buy?
• Neutral Sentiment: J.P. Morgan published an options-focused piece outlining trading strategies around geopolitical uncertainty (Iran) that references CRM as an options play; this is tactical market commentary rather than fundamental company news. Seeking Alpha — J.P. Morgan Options Play

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.

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