Norinchukin Bank The Acquires 7,109 Shares of Salesforce Inc. $CRM

Key Points

• Norinchukin Bank The increased its stake in Salesforce Inc. by 13.2%, acquiring an additional 7,109 shares, bringing its total to 60,773 shares valued at approximately $16.31 million.
• Recent equity analysts have issued various ratings for Salesforce, with a consensus rating of "Moderate Buy" and an average price target of $342.89.
• Salesforce reported earnings of $2.58 per share for the last quarter, exceeding estimates and achieving a revenue of $9.83 billion, which is up 7.6% year-over-year.

Norinchukin Bank The lifted its position in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 13.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,773 shares of the CRM provider's stock after purchasing an additional 7,109 shares during the quarter. Norinchukin Bank The's holdings in Salesforce were worth $16,309,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Bernard Wealth Management Corp. bought a new position in Salesforce during the fourth quarter valued at approximately $25,000. Accredited Wealth Management LLC purchased a new stake in Salesforce in the 4th quarter worth $27,000. Wood Tarver Financial Group LLC bought a new position in shares of Salesforce during the 4th quarter valued at about $35,000. Capital A Wealth Management LLC grew its position in shares of Salesforce by 450.0% during 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. Finally, CBIZ Investment Advisory Services LLC increased 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 purchasing an additional 85 shares during the last quarter. Institutional investors own 80.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Royal Bank Of Canada reissued a "sector perform" rating and set a $275.00 price target on shares of Salesforce in a research note on Monday. Wells Fargo & Company boosted their price target on shares of Salesforce from $255.00 to $275.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 29th. Stephens decreased their price target on shares of Salesforce from $311.00 to $309.00 and set an "equal weight" rating on the stock in a research note on Friday, May 30th. Needham & Company LLC reissued a "buy" rating and issued a $400.00 price objective on shares of Salesforce in a research note on Wednesday, May 28th. Finally, Westpark Capital restated a "buy" rating and issued a $320.00 target price on shares of Salesforce in a report on Wednesday, May 28th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $342.89.

Salesforce Price Performance

Shares of NYSE CRM opened at $245.78 on Thursday. Salesforce Inc. has a 52 week low of $226.48 and a 52 week high of $369.00. The stock has a market capitalization of $234.97 billion, a price-to-earnings ratio of 38.46, a price-to-earnings-growth ratio of 2.23 and a beta of 1.37. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.14. The firm has a 50-day simple moving average of $258.99 and a 200-day simple moving average of $273.75.

Salesforce (NYSE:CRM - Get Free Report) last issued its earnings results on Wednesday, May 28th. The CRM provider reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.03. Salesforce had a return on equity of 12.94% and a net margin of 16.08%.The business had revenue of $9.83 billion for the quarter, compared to analysts' expectations of $9.74 billion. During the same period in the previous year, the firm posted $2.44 EPS. The business's revenue for the quarter was up 7.6% compared to the same quarter last year. Salesforce has set its FY 2026 guidance at 11.270-11.330 EPS. Q2 2026 guidance at 2.760-2.780 EPS. On average, equities analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th were given a dividend of $0.416 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. Salesforce's payout ratio is presently 25.98%.

Insider Activity

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $242.44, for a total transaction of $545,490.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at $2,887,841,273.24. The trade was a 0.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 51,032 shares of company stock valued at $13,171,536 over the last ninety days. Corporate insiders own 3.00% of the company's stock.

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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