Salesforce Inc. (NYSE:CRM) Shares Acquired by Achmea Investment Management B.V.

Achmea Investment Management B.V. increased its holdings in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 30.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 135,710 shares of the CRM provider's stock after acquiring an additional 31,600 shares during the period. Achmea Investment Management B.V.'s holdings in Salesforce were worth $36,419,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CRM. Brighton Jones LLC lifted its position in shares of Salesforce by 13.7% in the fourth quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider's stock valued at $8,582,000 after acquiring an additional 3,102 shares in the last quarter. Revolve Wealth Partners LLC raised its position in shares of Salesforce by 12.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider's stock valued at $611,000 after buying an additional 205 shares during the last quarter. Advisor OS LLC lifted its stake in shares of Salesforce by 47.9% during the fourth quarter. Advisor OS LLC now owns 2,266 shares of the CRM provider's stock valued at $758,000 after buying an additional 734 shares during the period. Bryn Mawr Capital Management LLC boosted its position in Salesforce by 16.2% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 7,403 shares of the CRM provider's stock worth $2,475,000 after acquiring an additional 1,030 shares during the last quarter. Finally, NewEdge Wealth LLC grew its stake in Salesforce by 1.6% in the 4th quarter. NewEdge Wealth LLC now owns 214,325 shares of the CRM provider's stock worth $71,655,000 after acquiring an additional 3,351 shares during the period. Hedge funds and other institutional investors own 80.43% of the company's stock.

Insider Buying and Selling

In other Salesforce news, insider R David Schmaier sold 6,959 shares of Salesforce stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $253.31, for a total transaction of $1,762,784.29. Following the sale, the insider now owns 36,090 shares of the company's stock, valued at $9,141,957.90. The trade was a 16.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Srinivas Tallapragada sold 6,697 shares of the firm's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $295.00, for a total value of $1,975,615.00. Following the transaction, the insider now directly owns 41,422 shares in the company, valued at $12,219,490. This trade represents a 13.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,284 shares of company stock valued at $6,996,762 in the last quarter. Company insiders own 3.20% of the company's stock.

Salesforce Price Performance

Shares of NYSE:CRM opened at $270.50 on Friday. 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 $269.86 and a 200 day simple moving average of $295.19. Salesforce Inc. has a fifty-two week low of $230.00 and a fifty-two week high of $369.00. The company has a market cap of $258.60 billion, a PE ratio of 42.33, a P/E/G ratio of 2.43 and a beta of 1.38.

Salesforce (NYSE:CRM - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The CRM provider reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.03. The business had revenue of $9.83 billion for the quarter, compared to the consensus estimate of $9.74 billion. Salesforce had a return on equity of 12.94% and a net margin of 16.08%. The business's revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the business posted $2.44 EPS. On average, sell-side analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 18th will be issued a $0.416 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.62%. Salesforce's dividend payout ratio (DPR) is presently 25.98%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CRM. Cantor Fitzgerald reiterated an "overweight" rating and issued a $325.00 target price on shares of Salesforce in a research note on Thursday. 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 report on Friday, May 30th. Sanford C. Bernstein upped their price objective on Salesforce from $243.00 to $255.00 and gave the stock an "underperform" rating in a report on Thursday, May 29th. Robert W. Baird lowered their price target on Salesforce from $430.00 to $400.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. Finally, Stifel Nicolaus dropped their price target on Salesforce from $425.00 to $375.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-eight have given a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $349.08.

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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