Robeco Institutional Asset Management B.V. Has $496.95 Million Stock Position in Salesforce Inc. $CRM

Key Points

• Robeco Institutional Asset Management B.V. increased its stake in Salesforce Inc. by 23.4% during Q2, now owning approximately 1.82 million shares valued at nearly $497 million.
• Salesforce reported $2.91 EPS in its latest quarterly earnings, exceeding estimates, and achieved a 9.8% increase in revenue year-over-year.
• A quarterly dividend of $0.416 was declared by Salesforce, indicating a yield of 0.7% and a payout ratio of 24.13%.

Robeco Institutional Asset Management B.V. raised its stake in Salesforce Inc. (NYSE:CRM - Free Report) by 23.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,822,384 shares of the CRM provider's stock after buying an additional 345,791 shares during the period. Salesforce accounts for 0.8% of Robeco Institutional Asset Management B.V.'s holdings, making the stock its 15th largest holding. Robeco Institutional Asset Management B.V. owned approximately 0.19% of Salesforce worth $496,946,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Diversified Trust Co lifted its holdings in shares of Salesforce by 30.1% during the second quarter. Diversified Trust Co now owns 27,786 shares of the CRM provider's stock worth $7,577,000 after purchasing an additional 6,430 shares during the period. Neville Rodie & Shaw Inc. lifted its holdings in shares of Salesforce by 4.6% during the second quarter. Neville Rodie & Shaw Inc. now owns 59,970 shares of the CRM provider's stock worth $16,353,000 after purchasing an additional 2,644 shares during the period. AG2R LA Mondiale Gestion D Actifs acquired a new position in shares of Salesforce during the first quarter worth $9,367,000. Jones Financial Companies Lllp lifted its holdings in shares of Salesforce by 31.2% during the first quarter. Jones Financial Companies Lllp now owns 344,887 shares of the CRM provider's stock worth $93,016,000 after purchasing an additional 81,916 shares during the period. Finally, Park National Corp OH lifted its holdings in shares of Salesforce by 10.5% during the second quarter. Park National Corp OH now owns 114,532 shares of the CRM provider's stock worth $31,232,000 after purchasing an additional 10,901 shares during the period. Institutional investors and hedge funds own 80.43% of the company's stock.

Salesforce Trading Down 0.5%

CRM opened at $235.72 on Thursday. Salesforce Inc. has a 1-year low of $226.48 and a 1-year high of $369.00. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. The company has a market cap of $224.40 billion, a P/E ratio of 34.26, a price-to-earnings-growth ratio of 2.16 and a beta of 1.19. The company has a fifty day moving average price of $247.81 and a two-hundred day moving average price of $260.87.

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 for the quarter, beating the consensus estimate of $2.78 by $0.13. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The firm had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the previous year, the firm posted $2.56 earnings per share. The business's revenue was up 9.8% compared to the same quarter last year. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Analysts predict that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th will be paid a $0.416 dividend. This represents a $1.66 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 17th. Salesforce's payout ratio is 24.13%.

Analyst Ratings Changes

A number of equities analysts have recently commented on CRM shares. Sanford C. Bernstein cut their price target on shares of Salesforce from $255.00 to $221.00 and set an "underperform" rating on the stock in a report on Thursday, September 4th. Oppenheimer cut their price target on shares of Salesforce from $370.00 to $315.00 and set an "outperform" rating on the stock in a report on Tuesday, August 26th. Piper Sandler cut their price target on shares of Salesforce from $335.00 to $315.00 and set an "overweight" rating on the stock in a report on Thursday, September 4th. KeyCorp lowered their target price on shares of Salesforce from $440.00 to $400.00 and set an "overweight" rating for the company in a research note on Thursday, September 4th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Salesforce from $380.00 to $365.00 and set an "overweight" rating for the company in a research note on Thursday, September 4th. Twenty-six investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Salesforce presently has a consensus rating of "Moderate Buy" and an average target price of $332.58.

Insider Buying and Selling at Salesforce

In related news, Director David Blair Kirk purchased 3,400 shares of the firm's stock in a transaction 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 completion of the purchase, the director owned 3,824 shares in the company, valued at approximately $973,819.84. This trade represents a 801.89% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Marc Benioff sold 2,250 shares of the business's stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $244.53, for a total transaction of $550,192.50. Following the sale, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at approximately $2,912,736,456.63. The trade was 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 sold 78,750 shares of company stock valued at $19,825,358. Insiders own 3.00% of the company's stock.

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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