Mn Services Vermogensbeheer B.V. Has $95.51 Million Stock Position in Salesforce, Inc. (NYSE:CRM)

Mn Services Vermogensbeheer B.V. decreased its stake in shares of Salesforce, Inc. (NYSE:CRM - Free Report) by 6.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 355,900 shares of the CRM provider's stock after selling 26,400 shares during the period. Salesforce makes up about 0.7% of Mn Services Vermogensbeheer B.V.'s investment portfolio, making the stock its 22nd largest holding. Mn Services Vermogensbeheer B.V.'s holdings in Salesforce were worth $95,509,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in CRM. Bernard Wealth Management Corp. bought a new stake in shares of Salesforce during the fourth quarter worth $25,000. Accredited Wealth Management LLC acquired a new stake in Salesforce in the 4th quarter valued at $27,000. Asset Planning Inc bought a new stake in Salesforce during the 4th quarter worth about $31,000. Halbert Hargrove Global Advisors LLC bought a new stake in Salesforce during the 4th quarter worth about $35,000. Finally, Wood Tarver Financial Group LLC acquired a new position in shares of Salesforce during the 4th quarter worth about $35,000. Institutional investors own 80.43% of the company's stock.

Insider Transactions at Salesforce

In related news, insider Miguel Milano sold 705 shares of the business's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $279.44, for a total value of $197,005.20. Following the transaction, the insider now owns 9,323 shares in the company, valued at $2,605,219.12. The trade was a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Sundeep G. Reddy sold 1,909 shares of Salesforce 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 sale, the chief accounting officer now directly owns 11,310 shares of the company's stock, valued at approximately $3,218,599.80. This trade represents a 14.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,111 shares of company stock worth $9,299,283. Company insiders own 3.20% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Needham & Company LLC restated a "buy" rating and set a $400.00 price objective on shares of Salesforce in a research note on Wednesday, May 28th. Guggenheim upgraded shares of Salesforce from a "sell" rating to a "neutral" rating in a research note on Monday, April 21st. The Goldman Sachs Group increased their price objective on shares of Salesforce from $340.00 to $385.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. Canaccord Genuity Group reduced their price objective on shares of Salesforce from $400.00 to $350.00 and set a "buy" rating for the company in a research note on Wednesday, May 28th. Finally, DA Davidson restated an "underperform" rating and set a $200.00 price objective on shares of Salesforce in a research note on Wednesday, May 28th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-seven have given a buy rating and four have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $346.34.

Salesforce Price Performance

NYSE:CRM traded up $5.23 during mid-day trading on Monday, reaching $263.63. The stock had a trading volume of 7,173,677 shares, compared to its average volume of 6,539,296. The stock has a 50-day simple moving average of $268.09 and a two-hundred day simple moving average of $299.72. The stock has a market capitalization of $252.03 billion, a PE ratio of 43.36, a P/E/G ratio of 2.58 and a beta of 1.38. 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, Inc. has a 12 month low of $227.77 and a 12 month high of $369.00.

Salesforce (NYSE:CRM - Get Free Report) last announced its quarterly earnings data 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. Salesforce had a net margin of 15.96% and a return on equity of 12.34%. The business had revenue of $9.83 billion for the quarter, compared to analysts' expectations of $9.74 billion. During the same period last year, the firm posted $2.44 earnings per share. The firm's quarterly revenue was up 7.6% compared to the same quarter last year. On average, equities analysts anticipate that Salesforce, Inc. will post 7.46 earnings per share for the current year.

Salesforce Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th will be issued a dividend of $0.416 per share. The ex-dividend date is Wednesday, June 18th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.63%. Salesforce's dividend payout ratio (DPR) is presently 25.98%.

About Salesforce

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.