Steward Partners Investment Advisory LLC Buys 1,828 Shares of Salesforce Inc. $CRM

Key Points

• Steward Partners raised its Salesforce stake by 1.4%, acquiring 1,828 shares to hold 132,350 shares worth about $36.09 million at quarter-end.
• Large institutions also adjusted positions — Vanguard, Geode, UBS, Goldman increased holdings and Nuveen initiated a roughly $2.04 billion stake — leaving institutional ownership at 80.43%.
• Salesforce beat Q results (EPS $2.91 vs. $2.78), issued FY2026 guidance, and has a MarketBeat consensus of "Moderate Buy" with an average target price of $323.51 versus a recent share price near $226.75.

Steward Partners Investment Advisory LLC boosted its stake in Salesforce Inc. (NYSE:CRM - Free Report) by 1.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,350 shares of the CRM provider's stock after acquiring an additional 1,828 shares during the period. Steward Partners Investment Advisory LLC's holdings in Salesforce were worth $36,091,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Salesforce by 1.0% in the second quarter. Vanguard Group Inc. now owns 88,823,481 shares of the CRM provider's stock valued at $24,221,275,000 after buying an additional 909,853 shares during the period. Geode Capital Management LLC raised its position in shares of Salesforce by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 20,873,900 shares of the CRM provider's stock worth $5,669,224,000 after acquiring an additional 114,504 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Salesforce by 6.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,258,518 shares of the CRM provider's stock valued at $2,484,616,000 after purchasing an additional 600,386 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Salesforce by 5.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,014,148 shares of the CRM provider's stock valued at $2,419,037,000 after purchasing an additional 437,435 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in Salesforce during the first quarter worth approximately $2,039,196,000. Institutional investors own 80.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Barclays dropped their price target on Salesforce from $347.00 to $316.00 and set an "overweight" rating on the stock in a research note on Monday, August 18th. Cantor Fitzgerald reiterated an "overweight" rating on shares of Salesforce in a research report on Wednesday, November 12th. Wells Fargo & Company reduced their price target on shares of Salesforce from $275.00 to $265.00 and set an "equal weight" rating for the company in a report on Thursday, September 4th. Stifel Nicolaus decreased their price target on shares of Salesforce from $325.00 to $300.00 and set a "buy" rating for the company in a research note on Thursday, October 9th. Finally, Morgan Stanley increased their price objective on shares of Salesforce from $404.00 to $405.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 2nd. Twenty-five research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $323.51.

Salesforce Stock Up 0.6%

Shares of NYSE CRM opened at $226.75 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. The company has a 50-day moving average price of $244.80 and a 200-day moving average price of $255.94. The stock has a market capitalization of $215.87 billion, a P/E ratio of 32.96, a P/E/G ratio of 2.11 and a beta of 1.19. Salesforce Inc. has a 1 year low of $221.96 and a 1 year high of $369.00.

Salesforce (NYSE:CRM - Get Free Report) last announced its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.13. The business had revenue of $10.24 billion for the quarter, compared to analysts' expectations of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The firm's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.56 EPS. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. On average, equities research analysts forecast that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Wednesday, September 17th were issued a dividend of $0.416 per share. The ex-dividend date was Wednesday, September 17th. This represents a $1.66 annualized dividend and a yield of 0.7%. Salesforce's dividend payout ratio is 24.13%.

Insider Buying and Selling at Salesforce

In other news, Director David Blair Kirk purchased 3,400 shares of the business's stock in a transaction that occurred on Tuesday, September 9th. The shares were acquired at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the acquisition, the director owned 3,824 shares in the company, valued at $973,819.84. This trade represents a 801.89% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Marc Benioff sold 2,250 shares of the stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $248.19, for a total transaction of $558,427.50. Following the completion of the sale, the chief executive officer owned 11,911,571 shares of the company's stock, valued at approximately $2,956,332,806.49. This trade represents a 0.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 58,622 shares of company stock worth $14,501,123. Company insiders own 3.00% of the company's stock.

Salesforce Company 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.

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