Universal Beteiligungs und Servicegesellschaft mbH Takes $392.65 Million Position in Salesforce, Inc. (NYSE:CRM)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Salesforce, Inc. (NYSE:CRM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,174,436 shares of the CRM provider's stock, valued at approximately $392,649,000. Salesforce accounts for about 0.8% of Universal Beteiligungs und Servicegesellschaft mbH's holdings, making the stock its 15th biggest position. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.12% of Salesforce at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Geode Capital Management LLC lifted its holdings in shares of Salesforce by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 19,955,353 shares of the CRM provider's stock valued at $6,656,078,000 after purchasing an additional 175,035 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Salesforce by 1.4% during the fourth quarter. Fisher Asset Management LLC now owns 12,453,872 shares of the CRM provider's stock valued at $4,163,703,000 after purchasing an additional 177,321 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Salesforce by 18.3% during the fourth quarter. Northern Trust Corp now owns 11,224,927 shares of the CRM provider's stock valued at $3,752,830,000 after purchasing an additional 1,736,667 shares during the last quarter. Norges Bank purchased a new stake in shares of Salesforce during the fourth quarter valued at $3,599,867,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Salesforce by 23.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,938,536 shares of the CRM provider's stock valued at $2,988,422,000 after purchasing an additional 1,683,233 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company's stock.

Salesforce Price Performance

CRM stock traded down $2.12 during trading on Wednesday, hitting $275.07. The company had a trading volume of 12,346,453 shares, compared to its average volume of 6,957,939. The company has a fifty day moving average price of $268.29 and a two-hundred day moving average price of $306.00. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.14. The company has a market cap of $264.45 billion, a P/E ratio of 45.24, a P/E/G ratio of 2.58 and a beta of 1.42. Salesforce, Inc. has a fifty-two week low of $212.00 and a fifty-two week high of $369.00.

Salesforce Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Stockholders of record on Thursday, April 10th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 0.61%. The ex-dividend date was Thursday, April 10th. This is a boost from Salesforce's previous quarterly dividend of $0.40. Salesforce's dividend payout ratio is presently 26.10%.

Insider Transactions at Salesforce

In other Salesforce news, Director Robin L. Washington bought 1,695 shares of the firm's stock in a transaction dated Friday, February 28th. The shares were bought at an average price of $294.61 per share, for a total transaction of $499,363.95. Following the completion of the acquisition, the director now owns 43,445 shares of the company's stock, valued at approximately $12,799,331.45. This trade represents a 4.06% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Amy E. Weaver sold 6,221 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $301.00, for a total value of $1,872,521.00. Following the sale, the chief financial officer now owns 46,750 shares in the company, valued at $14,071,750. The trade was a 11.74% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,553 shares of company stock worth $12,897,323. Insiders own 3.20% of the company's stock.

Wall Street Analyst Weigh In

CRM has been the subject of several research analyst reports. Macquarie reissued a "neutral" rating and issued a $320.00 price objective on shares of Salesforce in a research note on Thursday, March 20th. Piper Sandler reiterated an "overweight" rating on shares of Salesforce in a report on Wednesday. UBS Group cut their price objective on Salesforce from $320.00 to $300.00 and set a "neutral" rating on the stock in a research note on Tuesday. Canaccord Genuity Group cut their price objective on Salesforce from $400.00 to $350.00 and set a "buy" rating on the stock in a research note on Wednesday. Finally, Stephens assumed coverage on Salesforce in a research note on Wednesday, March 19th. They issued an "equal weight" rating and a $311.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have issued 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.com, Salesforce has a consensus rating of "Moderate Buy" and a consensus price target of $348.59.

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.