Quantinno Capital Management LP Buys 18,728 Shares of Salesforce, Inc. (NYSE:CRM)

Quantinno Capital Management LP increased its stake in shares of Salesforce, Inc. (NYSE:CRM - Free Report) by 21.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,581 shares of the CRM provider's stock after purchasing an additional 18,728 shares during the period. Quantinno Capital Management LP's holdings in Salesforce were worth $34,965,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Bernard Wealth Management Corp. bought a new position in Salesforce during the fourth quarter worth about $25,000. Accredited Wealth Management LLC bought a new position in Salesforce during the fourth quarter worth about $27,000. Arlington Trust Co LLC lifted its holdings in Salesforce by 85.1% during the fourth quarter. Arlington Trust Co LLC now owns 87 shares of the CRM provider's stock worth $29,000 after acquiring an additional 40 shares in the last quarter. Compass Financial Services Inc bought a new position in Salesforce during the fourth quarter worth about $30,000. Finally, Asset Planning Inc bought a new position in Salesforce during the fourth quarter worth about $31,000. 80.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Salesforce

In related news, insider Miguel Milano sold 458 shares of the company's stock in a transaction that occurred 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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider R David Schmaier sold 6,959 shares of the company's stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $253.31, for a total value of $1,762,784.29. Following the completion of the sale, the insider now owns 36,090 shares in the company, valued at $9,141,957.90. The trade was a 16.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 52,527 shares of company stock valued at $14,882,976 in the last 90 days. 3.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CRM shares. Robert W. Baird reduced their target price on Salesforce from $430.00 to $400.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. Needham & Company LLC restated a "buy" rating and issued a $400.00 price target on shares of Salesforce in a report on Friday, April 25th. Oppenheimer cut their price target on Salesforce from $415.00 to $380.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. Guggenheim upgraded Salesforce from a "sell" rating to a "neutral" rating in a report on Monday, April 21st. Finally, Jefferies Financial Group cut their price target on Salesforce from $425.00 to $375.00 and set a "buy" rating on the stock in a report on Monday, March 31st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-two have assigned a buy rating and five have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $352.62.

Salesforce Price Performance

Shares of NYSE CRM traded up $0.24 during mid-day trading on Friday, hitting $291.00. 3,837,674 shares of the stock traded hands, compared to its average volume of 6,875,011. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.11. Salesforce, Inc. has a twelve month low of $212.00 and a twelve month high of $369.00. The company has a market cap of $279.76 billion, a PE ratio of 47.86, a price-to-earnings-growth ratio of 2.58 and a beta of 1.42. The firm has a 50 day simple moving average of $267.83 and a two-hundred day simple moving average of $307.08.

Salesforce Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 24th. Investors of record on Thursday, April 10th were issued a dividend of $0.42 per share. This is an increase from Salesforce's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.68 annualized dividend and a dividend yield of 0.58%. 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.