Focus Partners Advisor Solutions LLC Has $3.74 Million Holdings in Salesforce, Inc. (NYSE:CRM)

Focus Partners Advisor Solutions LLC increased its position in shares of Salesforce, Inc. (NYSE:CRM - Free Report) by 137.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CRM. Norges Bank bought a new stake in shares of Salesforce during the 4th quarter worth $3,599,867,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of Salesforce by 926.4% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,256,211 shares of the CRM provider's stock worth $1,422,979,000 after buying an additional 3,841,521 shares during the period. Raymond James Financial Inc. bought a new stake in Salesforce in the 4th quarter valued at $1,173,564,000. Invesco Ltd. boosted its holdings in Salesforce by 42.5% in the 4th quarter. Invesco Ltd. now owns 7,791,015 shares of the CRM provider's stock valued at $2,604,770,000 after purchasing an additional 2,325,156 shares during the period. Finally, Northern Trust Corp boosted its holdings in Salesforce by 18.3% in the 4th quarter. Northern Trust Corp now owns 11,224,927 shares of the CRM provider's stock valued at $3,752,830,000 after purchasing an additional 1,736,667 shares during the period. 80.43% of the stock is owned by institutional investors.

Salesforce Price Performance

CRM traded down $10.37 during midday trading on Friday, hitting $273.05. The company had a trading volume of 8,878,975 shares, compared to its average volume of 6,925,114. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market capitalization of $262.51 billion, a PE ratio of 44.91, a P/E/G ratio of 2.58 and a beta of 1.42. Salesforce, Inc. has a twelve month low of $212.00 and a twelve month high of $369.00. The firm's 50-day simple moving average is $268.46 and its 200-day simple moving average is $306.58.

Salesforce Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Thursday, April 10th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend was Thursday, April 10th. This is a boost from Salesforce's previous quarterly dividend of $0.40. Salesforce's dividend payout ratio (DPR) is presently 26.10%.

Insider Buying and Selling at Salesforce

In other news, insider R David Schmaier sold 6,959 shares of the firm's stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $253.31, for a total value of $1,762,784.29. Following the transaction, the insider now owns 36,090 shares of the company's stock, valued at approximately $9,141,957.90. This trade represents a 16.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Sundeep G. Reddy sold 1,909 shares of the firm's stock in a transaction dated 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 $3,218,599.80. This trade represents a 14.44% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,011 shares of company stock worth $13,038,373. 3.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Westpark Capital reissued a "buy" rating and issued a $320.00 price target on shares of Salesforce in a report on Wednesday, April 30th. Oppenheimer reduced their price target on shares of Salesforce from $415.00 to $380.00 and set an "outperform" rating for the company in a report on Thursday, February 27th. Robert W. Baird reduced their price target on shares of Salesforce from $430.00 to $400.00 and set an "outperform" rating for the company in a report on Thursday, February 27th. Guggenheim raised shares of Salesforce from a "sell" rating to a "neutral" rating in a report on Monday, April 21st. Finally, Loop Capital dropped their price objective on shares of Salesforce from $330.00 to $300.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have assigned a buy rating and five have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average 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.