Integrated Advisors Network LLC Has $3.84 Million Stock Position in Salesforce, Inc. (NYSE:CRM)

Integrated Advisors Network LLC boosted its holdings in Salesforce, Inc. (NYSE:CRM - Free Report) by 24.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,311 shares of the CRM provider's stock after purchasing an additional 2,800 shares during the period. Integrated Advisors Network LLC's holdings in Salesforce were worth $3,841,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Capital Advisors Ltd. LLC boosted its stake in shares of Salesforce by 4.1% during the 4th quarter. Capital Advisors Ltd. LLC now owns 787 shares of the CRM provider's stock valued at $263,000 after buying an additional 31 shares during the last quarter. Prossimo Advisors LLC boosted its stake in Salesforce by 1.0% during the 4th quarter. Prossimo Advisors LLC now owns 3,366 shares of the CRM provider's stock valued at $1,125,000 after acquiring an additional 32 shares during the last quarter. Mainstream Capital Management LLC grew its holdings in Salesforce by 0.5% during the 4th quarter. Mainstream Capital Management LLC now owns 6,409 shares of the CRM provider's stock worth $2,143,000 after acquiring an additional 33 shares in the last quarter. Warren Street Wealth Advisors LLC increased its position in shares of Salesforce by 3.9% in the 4th quarter. Warren Street Wealth Advisors LLC now owns 896 shares of the CRM provider's stock worth $300,000 after purchasing an additional 34 shares during the last quarter. Finally, Weatherly Asset Management L. P. raised its stake in shares of Salesforce by 4.5% in the 4th quarter. Weatherly Asset Management L. P. now owns 813 shares of the CRM provider's stock valued at $272,000 after purchasing an additional 35 shares in the last quarter. Institutional investors and hedge funds own 80.43% of the company's stock.

Salesforce Stock Up 0.4%

NYSE:CRM traded up $1.04 during trading hours on Thursday, hitting $266.95. 3,562,243 shares of the company's stock traded hands, compared to its average volume of 6,567,333. Salesforce, Inc. has a twelve month low of $227.77 and a twelve month high of $369.00. 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 firm has a market cap of $255.20 billion, a P/E ratio of 43.91, a P/E/G ratio of 2.58 and a beta of 1.38. The stock's fifty day moving average price is $267.35 and its two-hundred day moving average price is $301.22.

Salesforce (NYSE:CRM - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The CRM provider reported $2.58 earnings per share 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 firm had revenue of $9.83 billion during the quarter, compared to the consensus estimate of $9.74 billion. During the same period in the prior year, the firm earned $2.44 EPS. The business's revenue was up 7.6% on a year-over-year basis. On average, research analysts expect that Salesforce, Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 18th will be given a dividend of $0.416 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $1.66 dividend on an annualized basis and a yield of 0.62%. Salesforce's dividend payout ratio (DPR) is presently 25.98%.

Insider Activity

In other news, insider R David Schmaier sold 6,959 shares of the business's stock in a transaction on 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 completion of the transaction, the insider now owns 36,090 shares of the company's stock, valued at $9,141,957.90. The trade was a 16.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Amy E. Weaver sold 6,221 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $277.37, for a total value of $1,725,518.77. Following the completion of the sale, the chief financial officer now owns 46,750 shares in the company, valued at approximately $12,967,047.50. This trade represents a 11.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,332 shares of company stock worth $11,024,802. 3.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

CRM has been the topic of a number of research analyst reports. Oppenheimer reaffirmed an "outperform" rating and set a $370.00 target price on shares of Salesforce in a report on Tuesday. Wells Fargo & Company boosted their target price on shares of Salesforce from $255.00 to $275.00 and gave the company an "equal weight" rating in a research note on Thursday, May 29th. Northland Securities dropped their target price on shares of Salesforce from $423.00 to $396.00 and set an "outperform" rating on the stock in a report on Thursday, May 29th. Scotiabank reduced their price target on shares of Salesforce from $400.00 to $345.00 and set a "sector outperform" rating on the stock in a research report on Monday, March 17th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $404.00 price objective (up previously from $393.00) on shares of Salesforce in a research report on Thursday, May 29th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-seven have issued a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Salesforce has an average rating of "Moderate Buy" and an average target price of $346.34.

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.