Nordea Investment Management AB Has $621.15 Million Stock Holdings in Salesforce Inc. $CRM

Key Points

• Nordea Investment Management AB increased its stake in Salesforce Inc. by 5.9% during the second quarter, now holding approximately $621 million in stock.
• Several institutional investors significantly enhanced their holdings in Salesforce, with Painted Porch Advisors LLC growing its stake by 260% during the same period.
• Recent analyst ratings indicate mixed sentiments, with Northland Securities downgrading the stock from "outperform" to "market perform" and various price targets ranging from $225 to $325.

Nordea Investment Management AB grew its stake in Salesforce Inc. (NYSE:CRM - Free Report) by 5.9% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,271,603 shares of the CRM provider's stock after purchasing an additional 126,083 shares during the quarter. Nordea Investment Management AB owned approximately 0.24% of Salesforce worth $621,147,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Painted Porch Advisors LLC lifted its holdings in shares of Salesforce by 260.0% in the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider's stock valued at $25,000 after purchasing an additional 65 shares in the last quarter. Capital A Wealth Management LLC lifted its holdings in shares of Salesforce by 450.0% in the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock valued at $30,000 after purchasing an additional 90 shares in the last quarter. CBIZ Investment Advisory Services LLC lifted 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 valued at $30,000 after purchasing an additional 85 shares in the last quarter. Abound Financial LLC bought a new position in shares of Salesforce in the first quarter valued at approximately $31,000. Finally, Christopher J. Hasenberg Inc lifted 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 valued at $32,000 after purchasing an additional 92 shares in the last quarter. Institutional investors own 80.43% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CRM shares. Northland Securities lowered Salesforce from an "outperform" rating to a "market perform" rating and set a $264.00 target price on the stock. in a report on Tuesday. Robert W. Baird decreased their price target on Salesforce from $365.00 to $325.00 and set an "outperform" rating for the company in a research report on Thursday, September 4th. DA Davidson reaffirmed a "neutral" rating and set a $225.00 price target on shares of Salesforce in a research report on Thursday. Canaccord Genuity Group decreased their price target on Salesforce from $350.00 to $300.00 and set a "buy" rating for the company in a research report on Thursday, September 4th. Finally, Wells Fargo & Company decreased their price target on Salesforce from $275.00 to $265.00 and set an "equal weight" rating for the company in a research report on Thursday, September 4th. Twenty-five research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $325.23.

Insider Transactions at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the firm's stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $238.37, for a total value of $536,332.50. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at $2,839,361,179.27. This trade represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders sold 78,750 shares of company stock valued at $19,521,495 over the last three months. Company insiders own 3.00% of the company's stock.

Salesforce Stock Performance

NYSE:CRM opened at $245.09 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. The business has a fifty day simple moving average of $244.31 and a two-hundred day simple moving average of $258.05. Salesforce Inc. has a 1 year low of $226.48 and a 1 year high of $369.00. The company has a market capitalization of $233.33 billion, a P/E ratio of 35.62, a P/E/G ratio of 2.04 and a beta of 1.19.

Salesforce (NYSE:CRM - Get Free Report) last released its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.78 by $0.13. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The business had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period last year, the business posted $2.56 earnings per share. The business's revenue for the quarter 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 expect that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th were given a $0.416 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, September 17th. Salesforce's dividend payout ratio (DPR) is currently 24.13%.

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.

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