Rothschild Capital Partners LLC Buys Shares of 1,220 Salesforce, Inc. (NYSE:CRM)

Rothschild Capital Partners LLC purchased a new stake in shares of Salesforce, Inc. (NYSE:CRM - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,220 shares of the CRM provider's stock, valued at approximately $408,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Bernard Wealth Management Corp. acquired a new position in shares of Salesforce in the 4th quarter worth approximately $25,000. Arlington Trust Co LLC increased its holdings in shares of Salesforce by 85.1% in the fourth quarter. Arlington Trust Co LLC now owns 87 shares of the CRM provider's stock valued at $29,000 after buying an additional 40 shares in the last quarter. Compass Financial Services Inc acquired a new stake in shares of Salesforce during the 4th quarter valued at $30,000. Asset Planning Inc bought a new stake in shares of Salesforce during the 4th quarter worth $31,000. Finally, Collier Financial acquired a new position in shares of Salesforce in the 4th quarter worth $32,000. Institutional investors own 80.43% of the company's stock.

Salesforce Trading Up 0.5 %

Salesforce stock traded up $1.23 during mid-day trading on Tuesday, hitting $266.87. 1,538,827 shares of the stock were exchanged, compared to its average volume of 6,795,971. Salesforce, Inc. has a 12 month low of $212.00 and a 12 month high of $369.00. The firm's fifty day simple moving average is $272.58 and its two-hundred day simple moving average is $308.39. The stock has a market capitalization of $256.57 billion, a price-to-earnings ratio of 43.85, a PEG ratio of 2.58 and a beta of 1.38. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.14.

Salesforce Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Thursday, April 10th were issued a $0.42 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.68 annualized dividend and a yield of 0.63%. This is a positive change from Salesforce's previous quarterly dividend of $0.40. Salesforce's dividend payout ratio is presently 26.10%.

Insider Transactions at Salesforce

In related news, CFO Amy E. Weaver sold 6,221 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $335.94, for a total value of $2,089,882.74. Following the sale, the chief financial officer now directly owns 46,750 shares in the company, valued at approximately $15,705,195. The trade was a 11.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider R David Schmaier sold 6,959 shares of the firm's stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $253.31, for a total transaction of $1,762,784.29. Following the completion of the transaction, the insider now directly owns 36,090 shares of the company's stock, valued at approximately $9,141,957.90. This trade represents a 16.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,051 shares of company stock valued at $15,027,714 over the last ninety days. 3.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CRM shares. Needham & Company LLC reissued a "buy" rating and issued a $400.00 price target on shares of Salesforce in a research report on Friday. Piper Sandler lowered their price objective on Salesforce from $400.00 to $315.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Morgan Stanley reduced their target price on Salesforce from $405.00 to $393.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. TD Cowen raised Salesforce from a "hold" rating to a "buy" rating and lifted their price objective for the company from $380.00 to $400.00 in a report on Friday, January 17th. Finally, Scotiabank reduced their price target on shares of Salesforce from $400.00 to $345.00 and set a "sector outperform" rating on the stock in a research report on Monday, March 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-one have assigned a buy rating and five have assigned a strong buy rating to the company. According to data from MarketBeat, Salesforce has an average rating of "Moderate Buy" and an average target price of $351.37.

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.