Van Lanschot Kempen Investment Management N.V. Has $35.52 Million Holdings in Salesforce Inc. $CRM

Key Points

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Van Lanschot Kempen Investment Management N.V. lessened its stake in Salesforce Inc. (NYSE:CRM - Free Report) by 32.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 132,340 shares of the CRM provider's stock after selling 63,664 shares during the quarter. Van Lanschot Kempen Investment Management N.V.'s holdings in Salesforce were worth $35,515,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bernard Wealth Management Corp. acquired a new position in shares of Salesforce in the fourth quarter valued at approximately $25,000. Accredited Wealth Management LLC acquired a new position in shares of Salesforce in the fourth quarter valued at approximately $27,000. Capital A Wealth Management LLC boosted its holdings in shares of Salesforce by 450.0% in the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock valued at $30,000 after buying an additional 90 shares during the period. CBIZ Investment Advisory Services LLC boosted its holdings in shares of Salesforce by 314.8% in the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider's stock valued at $30,000 after buying an additional 85 shares during the period. Finally, Abound Financial LLC acquired a new position in shares of Salesforce in the first quarter valued at approximately $31,000. Institutional investors and hedge funds own 80.43% of the company's stock.

Salesforce Stock Performance

Shares of CRM traded up $2.1850 during trading hours on Friday, hitting $248.0150. The company had a trading volume of 6,690,117 shares, compared to its average volume of 7,716,805. The firm has a market cap of $237.10 billion, a price-to-earnings ratio of 38.81, a PEG ratio of 2.23 and a beta of 1.37. The business has a fifty day moving average of $258.37 and a 200-day moving average of $272.44. Salesforce Inc. has a 12 month low of $226.48 and a 12 month high of $369.00. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The CRM provider reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.03. The company had revenue of $9.83 billion for the quarter, compared to analyst estimates of $9.74 billion. Salesforce had a net margin of 16.08% and a return on equity of 12.94%. The company's revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.44 earnings per share. Salesforce has set its FY 2026 guidance at 11.270-11.330 EPS. Q2 2026 guidance at 2.760-2.780 EPS. Equities analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th were given a $0.416 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. Salesforce's dividend payout ratio is presently 25.98%.

Insider Buying and Selling at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of the company's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $257.02, for a total value of $578,295.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $3,061,511,978.42. This represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold 52,577 shares of company stock valued at $13,528,188 over the last 90 days. 3.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CRM shares. Barclays cut their price objective on shares of Salesforce from $347.00 to $316.00 and set an "overweight" rating on the stock in a research report on Monday, August 18th. Northland Securities cut their price objective on shares of Salesforce from $423.00 to $396.00 and set an "outperform" rating on the stock in a research report on Thursday, May 29th. Westpark Capital reissued a "buy" rating and issued a $320.00 price objective on shares of Salesforce in a research report on Wednesday, May 28th. Stephens cut their price objective on shares of Salesforce from $311.00 to $309.00 and set an "equal weight" rating on the stock in a research report on Friday, May 30th. Finally, Stifel Nicolaus cut their price objective on shares of Salesforce from $375.00 to $325.00 and set a "buy" rating on the stock in a research report on Wednesday, August 13th. Four research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Salesforce has an average rating of "Moderate Buy" and a consensus price target of $342.89.

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.