Swedbank AB Has $792.75 Million Position in Salesforce Inc. $CRM

Key Points

• Swedbank AB has reduced its stake in Salesforce Inc. by 22.9%, now holding 2,954,043 shares worth approximately $792.75 million, making it the bank's 16th largest holding.
• Salesforce recently reported $2.91 earnings per share, exceeding analysts' expectations, with projected earnings for FY 2026 set between $11.330 and $11.370 EPS.
• The company declared a quarterly dividend of $0.416 per share, with an annualized yield of 0.7%, as part of its ongoing financial strategy.

Swedbank AB trimmed its position in Salesforce Inc. (NYSE:CRM - Free Report) by 22.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,954,043 shares of the CRM provider's stock after selling 875,730 shares during the period. Salesforce makes up approximately 1.1% of Swedbank AB's investment portfolio, making the stock its 16th largest holding. Swedbank AB owned 0.31% of Salesforce worth $792,747,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CRM. Bernard Wealth Management Corp. bought a new stake in Salesforce during the fourth quarter worth about $25,000. Capital A Wealth Management LLC raised its holdings in Salesforce by 450.0% during the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock worth $30,000 after acquiring an additional 90 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its holdings in Salesforce by 314.8% during the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider's stock worth $30,000 after acquiring an additional 85 shares in the last quarter. Abound Financial LLC bought a new stake in Salesforce during the first quarter worth about $31,000. Finally, Wood Tarver Financial Group LLC bought a new stake in Salesforce during the fourth quarter worth about $35,000. 80.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Needham & Company LLC reiterated a "buy" rating and set a $400.00 target price on shares of Salesforce in a report on Thursday, September 4th. Roth Capital reiterated a "buy" rating and set a $395.00 target price on shares of Salesforce in a report on Thursday, September 4th. Stifel Nicolaus dropped their target price on Salesforce from $375.00 to $325.00 and set a "buy" rating on the stock in a report on Wednesday, August 13th. The Goldman Sachs Group upped their price objective on Salesforce from $340.00 to $385.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Finally, Barclays dropped their price objective on Salesforce from $347.00 to $316.00 and set an "overweight" rating on the stock in a research note on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Salesforce presently has a consensus rating of "Moderate Buy" and a consensus target price of $332.58.

Insider Buying and Selling

In other news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $257.02, for a total transaction of $578,295.00. Following the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $3,061,511,978.42. This trade represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David Blair Kirk bought 3,400 shares of the stock in a transaction dated Tuesday, September 9th. The shares were purchased at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the purchase, the director owned 3,824 shares of the company's stock, valued at $973,819.84. This trade represents a 801.89% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 70,577 shares of company stock worth $18,005,778. 3.00% of the stock is owned by corporate insiders.

Salesforce Stock Performance

Shares of NYSE CRM traded down $3.60 during trading hours on Friday, reaching $242.68. 8,382,442 shares of the stock were exchanged, compared to its average volume of 9,981,092. The firm has a market capitalization of $231.03 billion, a price-to-earnings ratio of 35.27, a P/E/G ratio of 2.24 and a beta of 1.22. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. Salesforce Inc. has a 52 week low of $226.48 and a 52 week high of $369.00. The stock's fifty day simple moving average is $253.21 and its 200 day simple moving average is $264.50.

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

Salesforce Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th will be paid a dividend of $0.416 per share. The ex-dividend date is Wednesday, September 17th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.7%. Salesforce's dividend payout ratio (DPR) is 24.13%.

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.