Schonfeld Strategic Advisors LLC Has $58.49 Million Stock Position in Salesforce, Inc. (NYSE:CRM)

Schonfeld Strategic Advisors LLC increased its position in Salesforce, Inc. (NYSE:CRM - Free Report) by 6.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 174,951 shares of the CRM provider's stock after acquiring an additional 11,053 shares during the period. Salesforce makes up about 0.3% of Schonfeld Strategic Advisors LLC's investment portfolio, making the stock its 26th biggest position. Schonfeld Strategic Advisors LLC's holdings in Salesforce were worth $58,491,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Paloma Partners Management Co boosted its holdings in shares of Salesforce by 224.4% in the 4th quarter. Paloma Partners Management Co now owns 89,200 shares of the CRM provider's stock valued at $29,822,000 after purchasing an additional 61,700 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. acquired a new position in shares of Salesforce in the 4th quarter valued at $24,505,000. AdvisorShares Investments LLC acquired a new position in shares of Salesforce in the 4th quarter valued at $490,000. Candlestick Capital Management LP acquired a new position in shares of Salesforce in the 4th quarter valued at $32,709,000. Finally, Northern Trust Corp boosted its holdings in shares of Salesforce by 18.3% in the 4th quarter. Northern Trust Corp now owns 11,224,927 shares of the CRM provider's stock valued at $3,752,830,000 after purchasing an additional 1,736,667 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CRM shares. Canaccord Genuity Group decreased their price target on shares of Salesforce from $415.00 to $400.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Needham & Company LLC reissued a "buy" rating and set a $400.00 price objective on shares of Salesforce in a report on Friday, April 25th. Guggenheim raised shares of Salesforce from a "sell" rating to a "neutral" rating in a report on Monday, April 21st. Morgan Stanley decreased their price objective on shares of Salesforce from $405.00 to $393.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Finally, Citigroup reissued a "buy" rating on shares of Salesforce in a report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-two have issued a buy rating and five have issued a strong buy rating to the stock. According to MarketBeat, Salesforce presently has an average rating of "Moderate Buy" and a consensus price target of $350.56.

Insider Transactions at Salesforce

In other news, CAO Sundeep G. Reddy sold 500 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $335.94, for a total value of $167,970.00. Following the completion of the sale, the chief accounting officer now owns 6,557 shares of the company's stock, valued at $2,202,758.58. This trade represents a 7.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Amy E. Weaver sold 6,221 shares of the firm's stock in a transaction on 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 completion of the sale, the chief financial officer now directly owns 46,750 shares of the company's stock, valued at approximately $15,705,195. This trade represents a 11.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 52,051 shares of company stock valued at $15,027,714 over the last quarter. Company insiders own 3.20% of the company's stock.

Salesforce Price Performance

Shares of NYSE CRM traded up $0.46 during mid-day trading on Thursday, reaching $269.17. The company had a trading volume of 5,204,423 shares, compared to its average volume of 6,818,280. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.14. The stock has a market cap of $258.78 billion, a PE ratio of 44.27, a P/E/G ratio of 2.58 and a beta of 1.38. The company has a 50-day moving average price of $270.74 and a two-hundred day moving average price of $307.83. Salesforce, Inc. has a 1-year low of $212.00 and a 1-year 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 $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend was Thursday, April 10th. This is a boost 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.