Salesforce, Inc. (NYSE:CRM) Shares Acquired by Voya Investment Management LLC

Voya Investment Management LLC grew its holdings in Salesforce, Inc. (NYSE:CRM - Free Report) by 56.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,527,095 shares of the CRM provider's stock after purchasing an additional 1,267,669 shares during the quarter. Salesforce comprises approximately 1.2% of Voya Investment Management LLC's portfolio, making the stock its 11th largest holding. Voya Investment Management LLC owned approximately 0.37% of Salesforce worth $1,179,150,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nvest Financial LLC increased its stake in Salesforce by 1.1% during the fourth quarter. Nvest Financial LLC now owns 2,806 shares of the CRM provider's stock worth $938,000 after acquiring an additional 31 shares during the last quarter. OMC Financial Services LTD raised its stake in shares of Salesforce by 0.3% in the 4th quarter. OMC Financial Services LTD now owns 11,390 shares of the CRM provider's stock valued at $3,808,000 after acquiring an additional 31 shares during the period. Capital Advisors Ltd. LLC lifted its holdings in shares of Salesforce by 4.1% in the 4th quarter. Capital Advisors Ltd. LLC now owns 787 shares of the CRM provider's stock worth $263,000 after acquiring an additional 31 shares during the last quarter. Sachetta LLC boosted its position in shares of Salesforce by 0.3% during the 4th quarter. Sachetta LLC now owns 11,018 shares of the CRM provider's stock worth $3,684,000 after purchasing an additional 32 shares during the period. Finally, Prossimo Advisors LLC raised its holdings in shares of Salesforce by 1.0% in the 4th quarter. Prossimo Advisors LLC now owns 3,366 shares of the CRM provider's stock valued at $1,125,000 after buying an additional 32 shares during the period. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. TD Cowen raised shares of Salesforce from a "hold" rating to a "buy" rating and upped their target price for the stock from $380.00 to $400.00 in a research note on Friday, January 17th. Morgan Stanley lowered their target price on Salesforce from $405.00 to $393.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Redburn Atlantic began coverage on Salesforce in a research note on Wednesday, February 19th. They issued a "buy" rating for the company. Bank of America cut their target price on shares of Salesforce from $440.00 to $400.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. Finally, Guggenheim upgraded shares of Salesforce from a "sell" rating to a "neutral" rating in a research note on Monday, April 21st. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-one have issued a buy rating and five have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $351.37.

Salesforce Trading Down 1.3 %

CRM traded down $3.52 on Monday, reaching $264.33. 2,668,688 shares of the company's stock were exchanged, compared to its average volume of 6,807,785. The company has a market cap of $254.02 billion, a price-to-earnings ratio of 43.46, a PEG ratio of 2.58 and a beta of 1.38. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.11 and a current ratio of 1.11. Salesforce, Inc. has a twelve month low of $212.00 and a twelve month high of $369.00. The company's 50 day moving average is $273.75 and its 200-day moving average is $308.54.

Salesforce Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Investors of record on Thursday, April 10th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 0.64%. This is a boost from Salesforce's previous quarterly dividend of $0.40. The ex-dividend date was Thursday, April 10th. Salesforce's dividend payout ratio is 26.10%.

Insiders Place Their Bets

In other Salesforce news, CEO Brian Millham sold 979 shares of the business's stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $253.66, for a total value of $248,333.14. Following the transaction, the chief executive officer now owns 6,487 shares in the company, valued at $1,645,492.42. The trade was a 13.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Sundeep G. Reddy sold 500 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $335.94, for a total transaction of $167,970.00. Following the completion of the transaction, the chief accounting officer now directly owns 6,557 shares of the company's stock, valued at approximately $2,202,758.58. The trade was a 7.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 52,051 shares of company stock worth $15,027,714 over the last quarter. 3.20% of the stock is owned by corporate 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.