Salesforce Inc. $CRM Shares Purchased by Resona Asset Management Co. Ltd.

Key Points

• Resona Asset Management increased its Salesforce stake by 5.7% in Q2, buying 17,487 shares to hold 326,826 shares worth about $89.16 million, and institutional investors now own 80.43% of the company (Vanguard holds ~87.9M shares).
• Salesforce beat expectations, reporting $2.91 EPS vs. $2.78 and $10.24B revenue (up 9.8% YoY), issued FY2026 EPS guidance of 11.33–11.37, and announced a quarterly dividend of $0.416 (annual $1.66, ~0.7% yield).
• Insider activity shows CEO Marc Benioff sold 2,250 shares (~$566k) while director David Blair Kirk bought 3,400 shares, and insiders have sold 76,622 shares (~$18.86M) over the past 90 days.

Resona Asset Management Co. Ltd. increased its position in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 5.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 326,826 shares of the CRM provider's stock after purchasing an additional 17,487 shares during the period. Resona Asset Management Co. Ltd.'s holdings in Salesforce were worth $89,160,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Salesforce by 1.6% in the first quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider's stock valued at $23,592,501,000 after acquiring an additional 1,383,942 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Salesforce by 6.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,258,518 shares of the CRM provider's stock valued at $2,484,616,000 after acquiring an additional 600,386 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Salesforce by 5.1% in the first quarter. Goldman Sachs Group Inc. now owns 9,014,148 shares of the CRM provider's stock valued at $2,419,037,000 after acquiring an additional 437,435 shares during the last quarter. Nuveen LLC purchased a new stake in Salesforce in the first quarter valued at $2,039,196,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Salesforce by 4.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 6,362,035 shares of the CRM provider's stock valued at $1,707,316,000 after acquiring an additional 295,681 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company's stock.

Insider Transactions at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $251.66, for a total value of $566,235.00. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at approximately $2,997,665,957.86. This trade represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David Blair Kirk bought 3,400 shares of the company's stock in a transaction on Tuesday, September 9th. The stock was bought at an average cost of $254.66 per share, with a total value of $865,844.00. Following the completion of the acquisition, the director owned 3,824 shares of the company's stock, valued at $973,819.84. This represents a 801.89% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders sold 76,622 shares of company stock valued at $18,858,631. 3.00% of the stock is currently owned by corporate insiders.

Salesforce Price Performance

Shares of NYSE:CRM opened at $252.82 on Thursday. The company has a 50-day simple moving average of $248.05 and a 200-day simple moving average of $258.26. Salesforce Inc. has a one year low of $226.48 and a one year high of $369.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market capitalization of $240.68 billion, a price-to-earnings ratio of 36.75, a PEG ratio of 2.11 and a beta of 1.19.

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, topping the consensus estimate of $2.78 by $0.13. The firm had revenue of $10.24 billion during the quarter, compared to analysts' expectations of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The firm's revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the prior year, the company posted $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, analysts predict that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CRM shares. Wall Street Zen raised shares of Salesforce from a "hold" rating to a "buy" rating in a research report on Saturday, October 11th. Wells Fargo & Company reduced their price target on shares of Salesforce from $275.00 to $265.00 and set an "equal weight" rating for the company in a research report on Thursday, September 4th. Weiss Ratings reissued a "hold (c)" rating on shares of Salesforce in a research report on Tuesday, October 14th. Wedbush reaffirmed an "outperform" rating and issued a $375.00 target price on shares of Salesforce in a report on Thursday, October 16th. Finally, Citigroup upped their target price on shares of Salesforce from $275.00 to $276.00 and gave the company a "neutral" rating in a report on Tuesday, September 9th. Twenty-five analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $325.23.

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.

Want to see what other hedge funds are holding CRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Salesforce Inc. (NYSE:CRM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.