3,722 Shares in Salesforce, Inc. (NYSE:CRM) Purchased by Strive Asset Management LLC

Strive Asset Management LLC bought a new stake in Salesforce, Inc. (NYSE:CRM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,722 shares of the CRM provider's stock, valued at approximately $1,244,000. Salesforce accounts for approximately 0.9% of Strive Asset Management LLC's portfolio, making the stock its 24th biggest position.

A number of other institutional investors also recently bought and sold shares of the company. Foundations Investment Advisors LLC raised its stake in shares of Salesforce by 15.0% in the fourth quarter. Foundations Investment Advisors LLC now owns 36,473 shares of the CRM provider's stock worth $12,194,000 after buying an additional 4,752 shares during the period. Athena Investment Management bought a new position in shares of Salesforce in the fourth quarter worth about $236,000. Highland Capital Management LLC bought a new position in shares of Salesforce in the fourth quarter worth about $4,321,000. Jag Capital Management LLC raised its stake in shares of Salesforce by 2,507.9% in the fourth quarter. Jag Capital Management LLC now owns 23,706 shares of the CRM provider's stock worth $7,926,000 after buying an additional 22,797 shares during the period. Finally, Lecap Asset Management Ltd. bought a new position in shares of Salesforce in the fourth quarter worth about $2,861,000. Institutional investors own 80.43% of the company's stock.

Salesforce Stock Up 0.0%

NYSE CRM traded up $0.01 on Tuesday, reaching $287.64. 4,026,816 shares of the stock traded hands, compared to its average volume of 6,889,261. 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 fifty day moving average price of $268.15 and a 200-day moving average price of $307.16. The company has a market cap of $276.53 billion, a price-to-earnings ratio of 47.31, a PEG ratio of 2.58 and a beta of 1.42. Salesforce, Inc. has a 12 month low of $212.00 and a 12 month high of $369.00.

Salesforce Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Stockholders of record on Thursday, April 10th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 0.58%. This is a positive change from Salesforce's previous quarterly dividend of $0.40. The ex-dividend date was Thursday, April 10th. Salesforce's payout ratio is presently 26.10%.

Insider Transactions at Salesforce

In other Salesforce news, insider Srinivas Tallapragada sold 6,697 shares of the firm's stock in a transaction on 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 now directly owns 41,422 shares in the company, valued at $12,219,490. This trade represents a 13.92% 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, insider Miguel Milano sold 458 shares of the firm's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $307.97, for a total value of $141,050.26. Following the completion of the sale, the insider now owns 5,864 shares in the company, valued at approximately $1,805,936.08. This represents a 7.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 46,306 shares of company stock valued at $12,841,368. Corporate insiders own 3.20% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CRM shares. Scotiabank cut their target price on Salesforce from $400.00 to $345.00 and set a "sector outperform" rating for the company in a research report on Monday, March 17th. Canaccord Genuity Group cut their price target on Salesforce from $415.00 to $400.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Loop Capital cut their price target on Salesforce from $330.00 to $300.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Westpark Capital restated a "buy" rating and set a $320.00 price target on shares of Salesforce in a report on Wednesday, April 30th. Finally, Cantor Fitzgerald started coverage on Salesforce in a report on Wednesday, April 23rd. They set an "overweight" rating and a $210.00 price target for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-two have issued a buy rating and five have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $352.62.

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.