Captrust Financial Advisors Buys 192,526 Shares of Salesforce, Inc. (NYSE:CRM)

Captrust Financial Advisors increased its stake in shares of Salesforce, Inc. (NYSE:CRM - Free Report) by 369.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 244,595 shares of the CRM provider's stock after acquiring an additional 192,526 shares during the period. Captrust Financial Advisors' holdings in Salesforce were worth $81,776,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Salesforce during the fourth quarter valued at approximately $3,599,867,000. Raymond James Financial Inc. purchased a new stake in shares of Salesforce in the fourth quarter valued at approximately $1,173,564,000. Invesco Ltd. increased its holdings in shares of Salesforce by 42.5% in the fourth quarter. Invesco Ltd. now owns 7,791,015 shares of the CRM provider's stock valued at $2,604,770,000 after purchasing an additional 2,325,156 shares during the last quarter. Northern Trust Corp boosted its stake in Salesforce by 18.3% during the fourth quarter. Northern Trust Corp now owns 11,224,927 shares of the CRM provider's stock worth $3,752,830,000 after buying an additional 1,736,667 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Salesforce by 23.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,938,536 shares of the CRM provider's stock valued at $2,988,422,000 after buying an additional 1,683,233 shares in the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce Stock Performance

Shares of CRM traded up $1.31 on Thursday, reaching $279.54. 4,786,103 shares of the company's stock traded hands, compared to its average volume of 6,819,547. The stock has a market cap of $268.75 billion, a PE ratio of 45.98, a PEG ratio of 2.58 and a beta of 1.42. 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's 50 day simple moving average is $267.83 and its two-hundred day simple moving average is $307.23. Salesforce, Inc. has a 52-week low of $212.00 and a 52-week high of $369.00.

Salesforce Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Thursday, April 10th were given a $0.42 dividend. This is a positive change from Salesforce's previous quarterly dividend of $0.40. The ex-dividend date was Thursday, April 10th. This represents a $1.68 annualized dividend and a yield of 0.60%. Salesforce's payout ratio is currently 26.10%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CRM shares. Canaccord Genuity Group cut their target price on Salesforce from $415.00 to $400.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Redburn Atlantic assumed coverage on Salesforce in a research note on Wednesday, February 19th. They issued a "buy" rating for the company. Westpark Capital reiterated a "buy" rating and issued a $320.00 price objective on shares of Salesforce in a report on Wednesday, April 30th. Robert W. Baird reduced their target price on Salesforce from $430.00 to $400.00 and set an "outperform" rating for the company in a report on Thursday, February 27th. Finally, DA Davidson reiterated an "underperform" rating and set a $200.00 price target on shares of Salesforce in a research note on Monday, April 21st. 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 issued a strong buy rating to the stock. Based on data from MarketBeat, Salesforce presently has a consensus rating of "Moderate Buy" and an average price target of $350.56.

Insider Activity at Salesforce

In other news, insider R David Schmaier sold 6,959 shares of the stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $253.31, for a total transaction of $1,762,784.29. Following the completion of the sale, the insider now directly owns 36,090 shares in the company, valued at approximately $9,141,957.90. This represents a 16.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Miguel Milano sold 458 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $307.97, for a total value of $141,050.26. Following the transaction, the insider now owns 5,864 shares in the company, valued at approximately $1,805,936.08. This represents a 7.24 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,830 shares of company stock worth $12,907,361. Insiders own 3.20% of the company's stock.

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.