Salesforce Inc. (NYSE:CRM) Shares Sold by Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.

Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. reduced its stake in Salesforce Inc. (NYSE:CRM - Free Report) by 72.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,061 shares of the CRM provider's stock after selling 51,334 shares during the period. Salesforce comprises 1.0% of Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.'s investment portfolio, making the stock its 29th largest position. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.'s holdings in Salesforce were worth $5,115,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bernard Wealth Management Corp. purchased a new position in shares of Salesforce in the 4th quarter valued at approximately $25,000. Accredited Wealth Management LLC bought a new position in Salesforce during the fourth quarter valued at approximately $27,000. Capital A Wealth Management LLC grew its position in Salesforce by 450.0% in the 1st 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 period. CBIZ Investment Advisory Services LLC grew its holdings in shares of Salesforce by 314.8% in the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider's stock worth $30,000 after acquiring an additional 85 shares during the period. Finally, Abound Financial LLC purchased a new stake in shares of Salesforce during the 1st quarter valued at about $31,000. 80.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CRM has been the topic of several recent analyst reports. Cantor Fitzgerald downgraded Salesforce from an "overweight" rating to a "cautious" rating in a research note on Thursday, July 10th. Royal Bank Of Canada restated a "sector perform" rating and set a $275.00 target price on shares of Salesforce in a research report on Monday, July 14th. Needham & Company LLC restated a "buy" rating and issued a $400.00 price target on shares of Salesforce in a research report on Wednesday, May 28th. BMO Capital Markets dropped their target price on Salesforce from $350.00 to $335.00 and set an "outperform" rating for the company in a research report on Thursday, July 10th. Finally, Citigroup cut their price target on shares of Salesforce from $320.00 to $295.00 and set a "neutral" rating on the stock in a report on Friday, May 30th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-seven have issued a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $348.16.

Insiders Place Their Bets

In related news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $262.93, for a total transaction of $591,592.50. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares of the company's stock, valued at approximately $3,131,909,363.03. This trade represents a 0.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Miguel Milano sold 405 shares of the company's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $262.35, for a total value of $106,251.75. Following the transaction, the insider owned 9,933 shares in the company, valued at $2,605,922.55. This trade represents a 3.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,319 shares of company stock worth $10,290,486 in the last 90 days. Company insiders own 3.20% of the company's stock.

Salesforce Price Performance

CRM stock traded up $1.52 during trading on Tuesday, hitting $263.80. The stock had a trading volume of 4,996,142 shares, compared to its average volume of 6,561,905. The company's 50-day moving average price is $270.45 and its two-hundred day moving average price is $285.85. Salesforce Inc. has a twelve month low of $230.00 and a twelve month high of $369.00. The stock has a market capitalization of $252.19 billion, a P/E ratio of 41.28, a PEG ratio of 2.38 and a beta of 1.36. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.07 and a quick ratio of 1.07.

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, beating analysts' consensus estimates of $2.55 by $0.03. The business had revenue of $9.83 billion during the quarter, compared to analysts' expectations of $9.74 billion. Salesforce had a net margin of 16.08% and a return on equity of 12.94%. The company's quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.44 earnings per share. As a group, research analysts predict that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th were paid a dividend of $0.416 per share. The ex-dividend date was Wednesday, June 18th. This represents a $1.66 annualized dividend and a yield of 0.63%. Salesforce's dividend payout ratio (DPR) is 25.98%.

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.