Salesforce, Inc. (NYSE:CRM) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Salesforce, Inc. (NYSE:CRM - Free Report) by 7.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 8,658,132 shares of the CRM provider's stock after acquiring an additional 602,445 shares during the period. Salesforce comprises 0.7% of UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's portfolio, making the stock its 18th biggest position. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.90% of Salesforce worth $2,894,673,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Bernard Wealth Management Corp. bought a new stake in Salesforce during the 4th quarter valued at $25,000. Accredited Wealth Management LLC bought a new stake in shares of Salesforce in the 4th quarter valued at about $27,000. Arlington Trust Co LLC boosted its holdings in shares of Salesforce by 85.1% in the 4th quarter. Arlington Trust Co LLC now owns 87 shares of the CRM provider's stock valued at $29,000 after buying an additional 40 shares in the last quarter. Compass Financial Services Inc bought a new stake in shares of Salesforce in the 4th quarter valued at about $30,000. Finally, Asset Planning Inc bought a new stake in shares of Salesforce in the 4th quarter valued at about $31,000. 80.43% of the stock is owned by institutional investors.

Insider Transactions at Salesforce

In other news, CAO Sundeep G. Reddy sold 500 shares of the stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $275.00, for a total transaction of $137,500.00. Following the completion of the sale, the chief accounting officer now owns 11,711 shares in the company, valued at approximately $3,220,525. This represents a 4.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Miguel Milano sold 458 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $307.97, for a total transaction of $141,050.26. Following the sale, the insider now owns 5,864 shares of the company's stock, valued at $1,805,936.08. This trade represents a 7.24% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,306 shares of company stock worth $12,841,368. 3.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CRM. Macquarie restated a "neutral" rating and issued a $320.00 price target on shares of Salesforce in a report on Thursday, March 20th. Piper Sandler lowered their price target on Salesforce from $400.00 to $315.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Guggenheim upgraded shares of Salesforce from a "sell" rating to a "neutral" rating in a report on Monday, April 21st. Canaccord Genuity Group decreased their price objective on shares of Salesforce from $415.00 to $400.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Finally, Westpark Capital reaffirmed a "buy" rating and issued a $320.00 price objective on shares of Salesforce in a research report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-two have given a buy rating and five have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $351.59.

Salesforce Stock Up 0.3%

Shares of Salesforce stock traded up $0.80 during trading hours on Thursday, reaching $283.08. 6,638,753 shares of the company were exchanged, compared to its average volume of 6,911,387. Salesforce, Inc. has a 1 year low of $212.00 and a 1 year high of $369.00. The stock's fifty day moving average is $268.53 and its 200 day moving average is $306.85. 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 $272.15 billion, a PE ratio of 46.56, a PEG ratio of 2.58 and a beta of 1.42.

Salesforce Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Thursday, April 10th were paid a $0.42 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This is a boost from Salesforce's previous quarterly dividend of $0.40. This represents a $1.68 dividend on an annualized basis and a yield of 0.59%. Salesforce's dividend payout ratio (DPR) is currently 26.10%.

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.