ANTIPODES PARTNERS Ltd Sells 44,274 Shares of Salesforce Inc. (NYSE:CRM)

ANTIPODES PARTNERS Ltd decreased its stake in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 34.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 85,053 shares of the CRM provider's stock after selling 44,274 shares during the quarter. ANTIPODES PARTNERS Ltd's holdings in Salesforce were worth $22,827,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Bernard Wealth Management Corp. acquired a new stake in shares of Salesforce during the 4th quarter valued at about $25,000. Accredited Wealth Management LLC acquired a new stake in Salesforce during the fourth quarter valued at approximately $27,000. Wood Tarver Financial Group LLC acquired a new stake in Salesforce during the fourth quarter valued at approximately $35,000. Capital A Wealth Management LLC grew its stake in shares of Salesforce by 450.0% in the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock valued at $30,000 after purchasing an additional 90 shares during the period. Finally, CBIZ Investment Advisory Services LLC raised its holdings in shares of Salesforce by 314.8% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider's stock worth $30,000 after buying an additional 85 shares in the last quarter. Institutional investors and hedge funds own 80.43% of the company's stock.

Salesforce Trading Up 0.2%

Shares of CRM stock traded up $0.40 on Thursday, hitting $267.62. The stock had a trading volume of 5,872,478 shares, compared to its average volume of 6,745,871. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a twelve month low of $230.00 and a twelve month high of $369.00. The company has a fifty day moving average price of $268.50 and a two-hundred day moving average price of $284.66. The firm has a market cap of $255.85 billion, a P/E ratio of 41.88, a PEG ratio of 2.42 and a beta of 1.36.

Salesforce (NYSE:CRM - Get Free Report) last posted its earnings results on Wednesday, May 28th. The CRM provider reported $2.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.55 by $0.03. The firm had revenue of $9.83 billion during the quarter, compared to analysts' expectations of $9.74 billion. Salesforce had a return on equity of 12.94% and a net margin of 16.08%. The company's revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.44 earnings per share. As a group, analysts forecast that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th were paid a $0.416 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date was Wednesday, June 18th. Salesforce's payout ratio is currently 25.98%.

Insider Activity at Salesforce

In other Salesforce news, insider Srinivas Tallapragada sold 6,697 shares of Salesforce stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $295.00, for a total value of $1,975,615.00. Following the sale, the insider owned 41,422 shares of the company's stock, valued at $12,219,490. This trade represents a 13.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Marc Benioff sold 2,250 shares of the company's stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $271.69, for a total value of $611,302.50. Following the transaction, the chief executive officer directly owned 11,862,457 shares of the company's stock, valued at $3,222,910,942.33. This represents a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,479 shares of company stock valued at $9,091,796 in the last quarter. Corporate insiders own 3.20% of the company's stock.

Wall Street Analyst Weigh In

CRM has been the topic of a number of analyst reports. Barclays lowered their price target on Salesforce from $425.00 to $347.00 and set an "overweight" rating on the stock in a research report on Thursday, May 29th. Citigroup lowered their target price on shares of Salesforce from $320.00 to $295.00 and set a "neutral" rating on the stock in a report on Friday, May 30th. Stephens cut their price target on shares of Salesforce from $311.00 to $309.00 and set an "equal weight" rating for the company in a report on Friday, May 30th. Mizuho reduced their price target on shares of Salesforce from $425.00 to $380.00 and set an "outperform" rating on the stock in a research report on Thursday, May 15th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $430.00 price objective on shares of Salesforce in a report on Friday, July 11th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-seven have given a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, Salesforce currently has a consensus rating of "Moderate Buy" and an average target price of $348.16.

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.