Mufg Securities Americas Inc. Buys Shares of 14,112 Salesforce, Inc. (NYSE:CRM)

Mufg Securities Americas Inc. purchased a new position in shares of Salesforce, Inc. (NYSE:CRM - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 14,112 shares of the CRM provider's stock, valued at approximately $4,718,000. Salesforce accounts for about 0.6% of Mufg Securities Americas Inc.'s portfolio, making the stock its 29th biggest position.

Several other institutional investors and hedge funds also recently modified their holdings of CRM. Nvest Financial LLC raised its position in shares of Salesforce by 1.1% during the 4th quarter. Nvest Financial LLC now owns 2,806 shares of the CRM provider's stock worth $938,000 after buying an additional 31 shares in the last quarter. OMC Financial Services LTD raised its position in shares of Salesforce by 0.3% during the fourth quarter. OMC Financial Services LTD now owns 11,390 shares of the CRM provider's stock worth $3,808,000 after purchasing an additional 31 shares during the period. Capital Advisors Ltd. LLC lifted its stake in Salesforce by 4.1% during the fourth quarter. Capital Advisors Ltd. LLC now owns 787 shares of the CRM provider's stock valued at $263,000 after buying an additional 31 shares in the last quarter. Sachetta LLC lifted its position in shares of Salesforce by 0.3% in the 4th quarter. Sachetta LLC now owns 11,018 shares of the CRM provider's stock valued at $3,684,000 after acquiring an additional 32 shares in the last quarter. Finally, Prossimo Advisors LLC boosted its position in shares of Salesforce by 1.0% in the fourth quarter. Prossimo Advisors LLC now owns 3,366 shares of the CRM provider's stock worth $1,125,000 after buying an additional 32 shares during the period. Institutional investors own 80.43% of the company's stock.

Insider Buying and Selling at Salesforce

In related news, insider Miguel Milano sold 458 shares of the stock in a transaction that occurred on 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 directly owns 5,864 shares in the company, valued at $1,805,936.08. This represents a 7.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Amy E. Weaver sold 6,221 shares of Salesforce stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $328.18, for a total value of $2,041,607.78. Following the completion of the transaction, the chief financial officer now owns 46,750 shares of the company's stock, valued at approximately $15,342,415. The trade was a 11.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 45,830 shares of company stock worth $12,907,361 over the last three months. Company insiders own 3.20% of the company's stock.

Wall Street Analyst Weigh In

CRM has been the topic of several research reports. Loop Capital dropped their price objective on shares of Salesforce from $330.00 to $300.00 and set a "hold" rating on the stock in a research note on Thursday, February 27th. Needham & Company LLC restated a "buy" rating and set a $400.00 price target on shares of Salesforce in a report on Friday, April 25th. Citigroup reiterated a "buy" rating on shares of Salesforce in a report on Wednesday, March 19th. Macquarie restated a "neutral" rating and issued a $320.00 target price on shares of Salesforce in a research note on Thursday, March 20th. Finally, Stifel Nicolaus dropped their target price on Salesforce from $425.00 to $375.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. 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 given a strong buy rating to the company's stock. According to MarketBeat.com, Salesforce presently has a consensus rating of "Moderate Buy" and an average target price of $350.56.

Salesforce Price Performance

NYSE:CRM opened at $289.18 on Wednesday. The company has a market capitalization of $278.01 billion, a price-to-earnings ratio of 47.56, a PEG ratio of 2.58 and a beta of 1.42. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.11 and a current ratio of 1.11. Salesforce, Inc. has a 52 week low of $212.00 and a 52 week high of $369.00. The company has a 50-day moving average of $267.33 and a 200-day moving average of $307.23.

Salesforce Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Investors 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 an increase from Salesforce's previous quarterly dividend of $0.40. Salesforce's dividend payout ratio (DPR) is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.