Vise Technologies Inc. Buys 4,558 Shares of Salesforce, Inc. (NYSE:CRM)

Vise Technologies Inc. raised its holdings in Salesforce, Inc. (NYSE:CRM - Free Report) by 29.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,974 shares of the CRM provider's stock after acquiring an additional 4,558 shares during the quarter. Vise Technologies Inc.'s holdings in Salesforce were worth $6,678,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in CRM. Nvest Financial LLC increased its holdings in shares of Salesforce by 1.1% in the fourth quarter. Nvest Financial LLC now owns 2,806 shares of the CRM provider's stock valued at $938,000 after purchasing an additional 31 shares in the last quarter. OMC Financial Services LTD grew its stake in shares of Salesforce by 0.3% in the fourth quarter. OMC Financial Services LTD now owns 11,390 shares of the CRM provider's stock valued at $3,808,000 after acquiring an additional 31 shares in the last quarter. Capital Advisors Ltd. LLC increased its position in shares of Salesforce by 4.1% in the fourth quarter. Capital Advisors Ltd. LLC now owns 787 shares of the CRM provider's stock worth $263,000 after purchasing an additional 31 shares during the period. Sachetta LLC raised its stake in Salesforce by 0.3% in the fourth quarter. Sachetta LLC now owns 11,018 shares of the CRM provider's stock valued at $3,684,000 after purchasing an additional 32 shares in the last quarter. Finally, Prossimo Advisors LLC grew its stake in Salesforce by 1.0% during the fourth quarter. Prossimo Advisors LLC now owns 3,366 shares of the CRM provider's stock worth $1,125,000 after buying an additional 32 shares in the last quarter. Hedge funds and other institutional investors own 80.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CRM. Macquarie reaffirmed a "neutral" rating and set a $320.00 price target on shares of Salesforce in a report on Thursday, March 20th. Cantor Fitzgerald initiated coverage on Salesforce in a research note on Wednesday, April 23rd. They set an "overweight" rating and a $210.00 target price for the company. Loop Capital decreased their price target on Salesforce from $330.00 to $300.00 and set a "hold" rating on the stock in a research note on Thursday, February 27th. Wells Fargo & Company dropped their price objective on Salesforce from $310.00 to $255.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Finally, Jefferies Financial Group decreased their target price on Salesforce from $425.00 to $375.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have issued a buy rating and five have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $351.15.

Insiders Place Their Bets

In other news, CAO Sundeep G. Reddy sold 1,909 shares of the company's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $284.58, for a total transaction of $543,263.22. Following the completion of the transaction, the chief accounting officer now directly owns 11,310 shares in the company, valued at approximately $3,218,599.80. This represents a 14.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Amy E. Weaver sold 6,221 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $301.00, for a total value of $1,872,521.00. Following the completion of the transaction, the chief financial officer now directly owns 46,750 shares of the company's stock, valued at $14,071,750. This represents a 11.74% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 46,553 shares of company stock worth $12,897,323. Corporate insiders own 3.20% of the company's stock.

Salesforce Stock Performance

NYSE:CRM traded up $3.68 during midday trading on Tuesday, reaching $276.81. The stock had a trading volume of 5,159,284 shares, compared to its average volume of 6,913,100. The stock has a market capitalization of $266.12 billion, a P/E ratio of 45.52, a PEG ratio of 2.58 and a beta of 1.42. Salesforce, Inc. has a 1-year low of $212.00 and a 1-year high of $369.00. The firm's fifty day simple moving average is $268.33 and its 200-day simple moving average is $306.20. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.11.

Salesforce Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Thursday, April 10th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend was Thursday, April 10th. This is an increase from Salesforce's previous quarterly dividend of $0.40. Salesforce's dividend payout ratio is presently 26.10%.

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.