Salesforce Inc. $CRM Shares Purchased by State Board of Administration of Florida Retirement System

Key Points

• State Board of Administration of Florida Retirement System modestly boosted its Salesforce stake by 0.8% (+7,482 shares) to 908,101 shares worth $247.63M, and institutional investors now own about 80.43% of CRM.
• Wall Street sentiment is mixed but overall positive with a consensus rating of "Moderate Buy" and an average target price of $322.86 amid several analysts revising their price targets.
• Salesforce beat recent quarterly expectations (EPS $2.91 vs $2.78 est.; revenue $10.24B, +9.8% YoY), provided FY2026 EPS guidance of 11.33–11.37, and pays a $0.416 quarterly dividend (≈0.7% yield).

State Board of Administration of Florida Retirement System boosted its position in Salesforce Inc. (NYSE:CRM - Free Report) by 0.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 908,101 shares of the CRM provider's stock after acquiring an additional 7,482 shares during the period. State Board of Administration of Florida Retirement System owned about 0.09% of Salesforce worth $247,630,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Salesforce by 1.0% in the second quarter. Vanguard Group Inc. now owns 88,823,481 shares of the CRM provider's stock valued at $24,221,275,000 after purchasing an additional 909,853 shares during the last quarter. Geode Capital Management LLC boosted its stake in Salesforce by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 20,873,900 shares of the CRM provider's stock worth $5,669,224,000 after buying an additional 114,504 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Salesforce by 6.9% in the 1st 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 buying an additional 600,386 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Salesforce by 5.1% during the 1st 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. Finally, Nuveen LLC acquired a new position in shares of Salesforce during the 1st quarter valued at about $2,039,196,000. Hedge funds and other institutional investors own 80.43% of the company's stock.

Wall Street Analysts Forecast Growth

CRM has been the topic of several research analyst reports. Macquarie reissued a "neutral" rating and issued a $250.00 target price on shares of Salesforce in a research report on Thursday, October 16th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Salesforce from $400.00 to $340.00 and set a "buy" rating on the stock in a research note on Thursday, September 4th. Citigroup lowered their price objective on shares of Salesforce from $276.00 to $253.00 and set a "neutral" rating for the company in a research note on Wednesday. Wedbush restated an "outperform" rating and set a $375.00 price objective on shares of Salesforce in a report on Thursday, October 16th. Finally, Sanford C. Bernstein reduced their target price on Salesforce from $255.00 to $221.00 and set an "underperform" rating on the stock in a report on Thursday, September 4th. Twenty-five analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Salesforce presently has an average rating of "Moderate Buy" and a consensus target price of $322.86.

Insider Transactions at Salesforce

In other news, CEO Marc Benioff sold 122 shares of the business's stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $259.00, for a total transaction of $31,598.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at approximately $3,085,096,889. The trade was a 0.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 56,372 shares of company stock valued at $13,941,863 over the last three months. 3.00% of the stock is owned by company insiders.

Salesforce Stock Down 2.5%

Shares of NYSE CRM opened at $228.27 on Thursday. The stock has a fifty day moving average price of $244.10 and a 200 day moving average price of $255.09. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a 12-month low of $221.96 and a 12-month high of $369.00. The company has a market cap of $217.31 billion, a P/E ratio of 33.18, a P/E/G ratio of 2.11 and a beta of 1.19.

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

Salesforce Announces Dividend

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