Salesforce, Inc. (NYSE:CRM) Stock Holdings Boosted by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC increased its stake in shares of Salesforce, Inc. (NYSE:CRM - Free Report) by 137.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,189 shares of the CRM provider's stock after buying an additional 6,476 shares during the period. Focus Partners Advisor Solutions LLC's holdings in Salesforce were worth $3,741,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Kolinsky Wealth Management LLC grew its holdings in Salesforce by 13.7% in the fourth quarter. Kolinsky Wealth Management LLC now owns 1,546 shares of the CRM provider's stock valued at $517,000 after purchasing an additional 186 shares during the last quarter. Continuum Advisory LLC boosted its position in shares of Salesforce by 5.3% in the 4th quarter. Continuum Advisory LLC now owns 3,871 shares of the CRM provider's stock worth $1,294,000 after buying an additional 196 shares in the last quarter. NCM Capital Management LLC acquired a new stake in Salesforce in the 4th quarter valued at about $214,000. Royal Capital Wealth Management LLC purchased a new position in Salesforce during the 4th quarter valued at about $201,000. Finally, Glen Eagle Advisors LLC raised its position in Salesforce by 10.2% during the fourth quarter. Glen Eagle Advisors LLC now owns 5,159 shares of the CRM provider's stock worth $1,725,000 after acquiring an additional 476 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Salesforce

In related news, insider Parker Harris sold 3,273 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $284.58, for a total transaction of $931,430.34. Following the sale, the insider now directly owns 125,146 shares of the company's stock, valued at approximately $35,614,048.68. This represents a 2.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Sundeep G. Reddy sold 500 shares of Salesforce stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $275.00, for a total transaction of $137,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 11,711 shares of the company's stock, valued at approximately $3,220,525. This represents a 4.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 46,553 shares of company stock worth $12,897,323 in the last 90 days. 3.20% of the stock is owned by corporate insiders.

Salesforce Stock Down 3.7%

Shares of NYSE CRM traded down $10.37 during trading on Monday, reaching $273.05. 8,878,975 shares of the stock were exchanged, compared to its average volume of 6,919,491. The company has a market capitalization of $262.51 billion, a price-to-earnings ratio of 44.91, a price-to-earnings-growth ratio of 2.58 and a beta of 1.42. The business's 50-day moving average price is $268.46 and its 200 day moving average price is $306.55. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.14. Salesforce, Inc. has a twelve month low of $212.00 and a twelve month high of $369.00.

Salesforce Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Investors of record on Thursday, April 10th were issued a $0.42 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.68 dividend on an annualized basis and a yield of 0.62%. This is an increase from Salesforce's previous quarterly dividend of $0.40. Salesforce's dividend payout ratio is currently 26.10%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CRM shares. Stifel Nicolaus lowered their price target on shares of Salesforce from $425.00 to $375.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. UBS Group set a $350.00 target price on Salesforce in a research note on Thursday. Piper Sandler dropped their price target on Salesforce from $400.00 to $315.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Needham & Company LLC restated a "buy" rating and issued a $400.00 price objective on shares of Salesforce in a research report on Friday, April 25th. Finally, Mizuho decreased their price objective on Salesforce from $425.00 to $380.00 and set an "outperform" rating on the stock in a research note on Thursday, May 15th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have given a buy rating and five have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $351.59.

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.