Salesforce, Inc. (NYSE:CRM) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lessened its stake in Salesforce, Inc. (NYSE:CRM - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 473,200 shares of the CRM provider's stock after selling 14,100 shares during the period. Salesforce makes up about 1.1% of Mn Services Vermogensbeheer B.V.'s holdings, making the stock its 17th biggest holding. Mn Services Vermogensbeheer B.V.'s holdings in Salesforce were worth $124,518,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Graypoint LLC lifted its position in Salesforce by 0.3% in the fourth quarter. Graypoint LLC now owns 10,504 shares of the CRM provider's stock worth $2,764,000 after buying an additional 36 shares during the last quarter. Prentice Wealth Management LLC boosted its stake in shares of Salesforce by 1.7% during the fourth quarter. Prentice Wealth Management LLC now owns 2,294 shares of the CRM provider's stock valued at $604,000 after purchasing an additional 38 shares during the period. MV Capital Management Inc. boosted its stake in shares of Salesforce by 3.9% during the fourth quarter. MV Capital Management Inc. now owns 1,045 shares of the CRM provider's stock valued at $275,000 after purchasing an additional 39 shares during the period. Legal Advantage Investments Inc. boosted its stake in shares of Salesforce by 0.7% during the fourth quarter. Legal Advantage Investments Inc. now owns 5,571 shares of the CRM provider's stock valued at $1,466,000 after purchasing an additional 40 shares during the period. Finally, Mayflower Financial Advisors LLC boosted its stake in shares of Salesforce by 1.2% during the fourth quarter. Mayflower Financial Advisors LLC now owns 3,411 shares of the CRM provider's stock valued at $898,000 after purchasing an additional 41 shares during the period. Hedge funds and other institutional investors own 80.43% of the company's stock.

Salesforce Stock Performance

NYSE:CRM traded down $4.83 during midday trading on Friday, hitting $294.32. The company's stock had a trading volume of 3,819,966 shares, compared to its average volume of 4,433,955. Salesforce, Inc. has a fifty-two week low of $190.45 and a fifty-two week high of $318.71. The firm's 50 day moving average is $298.82 and its 200-day moving average is $259.37. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market cap of $285.49 billion, a P/E ratio of 70.08, a P/E/G ratio of 2.30 and a beta of 1.28.

Salesforce (NYSE:CRM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 28th. The CRM provider reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.06. Salesforce had a net margin of 11.87% and a return on equity of 10.42%. The company had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.22 billion. During the same quarter in the prior year, the company earned $1.01 EPS. Salesforce's quarterly revenue was up 10.8% on a year-over-year basis. Equities analysts anticipate that Salesforce, Inc. will post 7.45 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 14th were issued a $0.40 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $1.60 annualized dividend and a yield of 0.54%. Salesforce's dividend payout ratio (DPR) is presently 9.52%.

Analysts Set New Price Targets

CRM has been the subject of a number of recent analyst reports. Needham & Company LLC boosted their target price on shares of Salesforce from $275.00 to $345.00 and gave the company a "buy" rating in a research note on Thursday, February 29th. BMO Capital Markets upped their price objective on shares of Salesforce from $325.00 to $335.00 and gave the stock an "outperform" rating in a research note on Thursday, February 29th. Oppenheimer upped their price objective on shares of Salesforce from $300.00 to $325.00 and gave the stock an "outperform" rating in a research note on Monday, February 12th. Morgan Stanley raised shares of Salesforce from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $290.00 to $350.00 in a research note on Thursday, December 21st. Finally, KeyCorp began coverage on shares of Salesforce in a research note on Thursday, March 21st. They issued a "sector weight" rating for the company. Nine analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $305.77.

Insider Buying and Selling

In other Salesforce news, CEO Marc Benioff sold 15,000 shares of the company's stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $269.77, for a total value of $4,046,550.00. Following the sale, the chief executive officer now owns 13,791,166 shares in the company, valued at approximately $3,720,442,851.82. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CAO Sundeep G. Reddy sold 216 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $278.71, for a total transaction of $60,201.36. Following the transaction, the chief accounting officer now owns 2,869 shares in the company, valued at approximately $799,618.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Marc Benioff sold 15,000 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $269.77, for a total value of $4,046,550.00. Following the transaction, the chief executive officer now owns 13,791,166 shares in the company, valued at approximately $3,720,442,851.82. The disclosure for this sale can be found here. In the last quarter, insiders have sold 907,375 shares of company stock worth $262,519,346. 3.70% of the stock is owned by company insiders.

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.