Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. Invests $23.54 Million in Salesforce, Inc. (NYSE:CRM)

Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. purchased a new stake in shares of Salesforce, Inc. (NYSE:CRM - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 70,395 shares of the CRM provider's stock, valued at approximately $23,535,000. Salesforce accounts for about 2.8% of Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.'s investment portfolio, making the stock its 14th biggest position.

Several other hedge funds also recently modified their holdings of CRM. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Salesforce by 7.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,658,132 shares of the CRM provider's stock worth $2,894,673,000 after acquiring an additional 602,445 shares during the last quarter. Vista Investment Management grew its holdings in shares of Salesforce by 2.5% in the 4th quarter. Vista Investment Management now owns 2,549 shares of the CRM provider's stock worth $852,000 after acquiring an additional 62 shares during the last quarter. Voloridge Investment Management LLC acquired a new position in shares of Salesforce in the 4th quarter worth $872,000. Waverly Advisors LLC grew its holdings in shares of Salesforce by 62.2% during the fourth quarter. Waverly Advisors LLC now owns 16,314 shares of the CRM provider's stock valued at $5,454,000 after buying an additional 6,258 shares in the last quarter. Finally, Whale Rock Capital Management LLC grew its holdings in shares of Salesforce by 264.5% during the fourth quarter. Whale Rock Capital Management LLC now owns 826,614 shares of the CRM provider's stock valued at $276,362,000 after buying an additional 599,849 shares in the last quarter. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Salesforce Stock Performance

Shares of NYSE CRM traded up $0.80 during trading hours on Thursday, reaching $283.08. The stock had a trading volume of 6,638,753 shares, compared to its average volume of 6,911,387. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.11. The business's fifty day moving average is $268.53 and its two-hundred day moving average is $306.85. Salesforce, Inc. has a twelve month low of $212.00 and a twelve month high of $369.00. The company has a market cap of $272.15 billion, a price-to-earnings ratio of 46.56, a PEG ratio of 2.58 and a beta of 1.42.

Salesforce Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Thursday, April 10th were paid a dividend of $0.42 per share. This is a positive change from Salesforce's previous quarterly dividend of $0.40. This represents a $1.68 annualized dividend and a yield of 0.59%. The ex-dividend date was Thursday, April 10th. Salesforce's dividend payout ratio is currently 26.10%.

Analyst Ratings Changes

CRM has been the topic of a number of research analyst reports. Canaccord Genuity Group lowered their price target on Salesforce from $415.00 to $400.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Piper Sandler lowered their target price on Salesforce from $400.00 to $315.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Citigroup restated a "buy" rating on shares of Salesforce in a research note on Thursday. Westpark Capital restated a "buy" rating and issued a $320.00 target price on shares of Salesforce in a research note on Wednesday, April 30th. Finally, Morgan Stanley lowered their target price on Salesforce from $405.00 to $393.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-two have assigned a buy rating and five have given a strong buy rating to the company. Based on data from MarketBeat, Salesforce presently has an average rating of "Moderate Buy" and a consensus target price of $351.59.

Insiders Place Their Bets

In other Salesforce news, insider Miguel Milano sold 458 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $307.97, for a total transaction of $141,050.26. Following the completion of the transaction, the insider now directly owns 5,864 shares in the company, valued at $1,805,936.08. This represents a 7.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robin L. Washington acquired 1,695 shares of the company's stock in a transaction on Friday, February 28th. The shares were bought at an average price of $294.61 per share, with a total value of $499,363.95. Following the completion of the purchase, the director now directly owns 43,445 shares of the company's stock, valued at approximately $12,799,331.45. This represents a 4.06% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 46,306 shares of company stock worth $12,841,368 over the last three months. 3.20% of the stock is currently owned by corporate insiders.

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.