Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. Decreases Stock Position in Salesforce Inc. $CRM

Key Points

• Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. reduced its ownership in Salesforce Inc. by 8.7% in Q2, holding a total of 17,407 shares valued at $4.75 million.
• Salesforce reported a quarterly EPS of $2.91, exceeding analysts' expectations, with a revenue increase of 9.8% year-over-year.
• The company declared a quarterly dividend of $0.416 per share, translating to an annual yield of 0.7%.

Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. trimmed its holdings in Salesforce Inc. (NYSE:CRM - Free Report) by 8.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,407 shares of the CRM provider's stock after selling 1,654 shares during the period. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.'s holdings in Salesforce were worth $4,747,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Painted Porch Advisors LLC increased its stake in shares of Salesforce by 260.0% during the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider's stock worth $25,000 after purchasing an additional 65 shares in the last quarter. Capital A Wealth Management LLC grew its holdings in Salesforce by 450.0% during the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock valued at $30,000 after buying an additional 90 shares during the last quarter. CBIZ Investment Advisory Services LLC increased its position in Salesforce by 314.8% during the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider's stock worth $30,000 after buying an additional 85 shares in the last quarter. Abound Financial LLC purchased a new position in Salesforce during the first quarter worth $31,000. Finally, Christopher J. Hasenberg Inc raised its holdings in shares of Salesforce by 383.3% in the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider's stock worth $32,000 after acquiring an additional 92 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company's stock.

Salesforce Trading Down 1.3%

CRM stock opened at $242.11 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14. The company has a market cap of $230.49 billion, a price-to-earnings ratio of 35.19, a PEG ratio of 2.09 and a beta of 1.19. The business has a fifty day simple moving average of $244.68 and a 200-day simple moving average of $258.77. Salesforce Inc. has a 52 week low of $226.48 and a 52 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.78 by $0.13. The firm had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The firm's quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.56 earnings per share. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. On average, equities research analysts expect that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Wednesday, September 17th were issued a $0.416 dividend. The ex-dividend date was 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 Buying and Selling

In other Salesforce news, Director David Blair Kirk purchased 3,400 shares of the firm's stock in a transaction that occurred on Tuesday, September 9th. The stock was purchased at an average cost of $254.66 per share, with a total value of $865,844.00. Following the transaction, the director owned 3,824 shares in the company, valued at approximately $973,819.84. This trade represents a 801.89% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Marc Benioff sold 2,250 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $248.40, for a total value of $558,900.00. Following the completion of the sale, the chief executive officer owned 11,911,571 shares of the company's stock, valued at approximately $2,958,834,236.40. This represents a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 78,750 shares of company stock worth $19,634,805. 3.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CRM has been the topic of a number of analyst reports. Royal Bank Of Canada decreased their price objective on Salesforce from $275.00 to $250.00 and set a "sector perform" rating on the stock in a research note on Thursday, September 4th. Wall Street Zen raised shares of Salesforce from a "hold" rating to a "buy" rating in a research note on Saturday. Macquarie reiterated a "neutral" rating and set a $290.00 price target on shares of Salesforce in a report on Thursday, September 4th. Morgan Stanley upped their price objective on shares of Salesforce from $404.00 to $405.00 and gave the company an "overweight" rating in a research note on Tuesday, September 2nd. Finally, Citigroup lifted their target price on shares of Salesforce from $275.00 to $276.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 9th. Twenty-six analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $331.89.

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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