Salesforce, Inc. (NYSE:CRM) Shares Bought by Guardian Wealth Advisors LLC NC

Guardian Wealth Advisors LLC NC boosted its position in shares of Salesforce, Inc. (NYSE:CRM - Free Report) by 155.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,664 shares of the CRM provider's stock after buying an additional 2,836 shares during the period. Guardian Wealth Advisors LLC NC's holdings in Salesforce were worth $1,559,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Regent Peak Wealth Advisors LLC boosted its holdings in shares of Salesforce by 3.6% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 2,447 shares of the CRM provider's stock worth $818,000 after purchasing an additional 84 shares during the last quarter. Fortitude Family Office LLC boosted its holdings in shares of Salesforce by 2.2% during the 4th quarter. Fortitude Family Office LLC now owns 2,603 shares of the CRM provider's stock worth $870,000 after purchasing an additional 55 shares during the last quarter. Baker Tilly Wealth Management LLC boosted its holdings in shares of Salesforce by 5.2% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 4,201 shares of the CRM provider's stock worth $1,405,000 after purchasing an additional 208 shares during the last quarter. ORG Partners LLC boosted its holdings in shares of Salesforce by 5.4% during the 4th quarter. ORG Partners LLC now owns 3,692 shares of the CRM provider's stock worth $1,235,000 after purchasing an additional 189 shares during the last quarter. Finally, ST Germain D J Co. Inc. boosted its holdings in shares of Salesforce by 0.3% during the 4th quarter. ST Germain D J Co. Inc. now owns 22,676 shares of the CRM provider's stock worth $7,581,000 after purchasing an additional 57 shares during the last quarter. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Salesforce

In other news, CFO Amy E. Weaver sold 6,221 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $328.18, for a total value of $2,041,607.78. Following the completion of the sale, the chief financial officer now directly owns 46,750 shares of the company's stock, valued at $15,342,415. This trade represents a 11.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Miguel Milano sold 458 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $307.97, for a total value of $141,050.26. Following the completion of the transaction, the insider now directly owns 5,864 shares of the company's stock, valued at approximately $1,805,936.08. This trade represents a 7.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,830 shares of company stock valued at $12,907,361. Corporate insiders own 3.20% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CRM. Bank of America lowered their target price on Salesforce from $440.00 to $400.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Westpark Capital reissued a "buy" rating and set a $320.00 target price on shares of Salesforce in a research note on Wednesday, April 30th. BMO Capital Markets restated an "outperform" rating on shares of Salesforce in a research report on Wednesday, March 19th. Cantor Fitzgerald began coverage on Salesforce in a research note on Wednesday, April 23rd. They issued an "overweight" rating and a $210.00 price target on the stock. Finally, Redburn Atlantic began coverage on Salesforce in a research note on Wednesday, February 19th. They issued a "buy" rating on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-two have issued a buy rating and five have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $350.56.

Salesforce Stock Up 0.1%

CRM stock traded up $0.36 during mid-day trading on Tuesday, reaching $289.18. The company had a trading volume of 6,708,215 shares, compared to its average volume of 6,843,762. 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 market capitalization of $278.01 billion, a price-to-earnings ratio of 47.56, a price-to-earnings-growth ratio of 2.58 and a beta of 1.42. The firm has a fifty day simple moving average of $267.27 and a 200 day simple moving average of $307.35. 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 given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend was Thursday, April 10th. This is a positive change from Salesforce's previous quarterly dividend of $0.40. Salesforce's dividend payout ratio (DPR) is 26.10%.

Salesforce 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.