Capital Performance Advisors LLP Has $435,000 Stake in Salesforce, Inc. (NYSE:CRM)

Capital Performance Advisors LLP increased its stake in Salesforce, Inc. (NYSE:CRM) by 4.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,652 shares of the CRM provider’s stock after purchasing an additional 65 shares during the period. Capital Performance Advisors LLP’s holdings in Salesforce were worth $435,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Cerity Partners LLC grew its holdings in Salesforce by 1,254.7% during the fourth quarter. Cerity Partners LLC now owns 3,483,670 shares of the CRM provider’s stock valued at $916,693,000 after purchasing an additional 3,226,512 shares during the period. International Assets Investment Management LLC increased its position in shares of Salesforce by 23,653.7% in the 4th quarter. International Assets Investment Management LLC now owns 1,406,220 shares of the CRM provider’s stock valued at $370,033,000 after buying an additional 1,400,300 shares in the last quarter. Lone Pine Capital LLC lifted its holdings in Salesforce by 47.5% during the third quarter. Lone Pine Capital LLC now owns 2,499,630 shares of the CRM provider’s stock worth $506,875,000 after acquiring an additional 804,634 shares in the last quarter. Fisher Asset Management LLC grew its stake in Salesforce by 5.3% in the fourth quarter. Fisher Asset Management LLC now owns 14,921,042 shares of the CRM provider’s stock valued at $3,926,323,000 after acquiring an additional 752,566 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Salesforce by 330.0% in the third quarter. Assenagon Asset Management S.A. now owns 935,885 shares of the CRM provider’s stock worth $189,779,000 after acquiring an additional 718,245 shares in the last quarter. 80.43% of the stock is currently owned by institutional investors.

Salesforce Stock Performance

NYSE:CRM traded up $1.97 during mid-day trading on Monday, hitting $275.63. 3,722,938 shares of the stock were exchanged, compared to its average volume of 5,550,575. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.09 and a current ratio of 1.09. The firm’s 50-day simple moving average is $293.74 and its 200 day simple moving average is $267.47. Salesforce, Inc. has a fifty-two week low of $193.68 and a fifty-two week high of $318.71. The stock has a market capitalization of $266.81 billion, a price-to-earnings ratio of 65.63, a price-to-earnings-growth ratio of 2.10 and a beta of 1.30.

Salesforce (NYSE:CRM) last posted its earnings results on Wednesday, February 28th. The CRM provider reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.06. Salesforce had a return on equity of 10.42% and a net margin of 11.87%. The company had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.22 billion. During the same quarter last year, the firm earned $1.01 earnings per share. The company’s revenue was up 10.8% on a year-over-year basis. As a group, equities analysts anticipate that Salesforce, Inc. will post 7.45 EPS for the current fiscal year.

Salesforce Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 14th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend was Wednesday, March 13th. Salesforce’s dividend payout ratio (DPR) is currently 9.52%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CRM shares. TheStreet upgraded Salesforce from a “c+” rating to a “b-” rating in a research report on Friday, January 19th. StockNews.com lowered shares of Salesforce from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 19th. BMO Capital Markets upped their target price on shares of Salesforce from $325.00 to $335.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. Needham & Company LLC reissued a “buy” rating and issued a $345.00 price target on shares of Salesforce in a research note on Monday, April 15th. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $365.00 price objective on shares of Salesforce in a research report on Tuesday, April 16th. Nine analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Salesforce has an average rating of “Moderate Buy” and a consensus target price of $310.61.

Insider Buying and Selling

In related news, CFO Amy E. Weaver sold 7,075 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $309.32, for a total value of $2,188,439.00. Following the completion of the transaction, the chief financial officer now owns 38,483 shares of the company’s stock, valued at $11,903,561.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO Amy E. Weaver sold 7,075 shares of Salesforce stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $309.32, for a total value of $2,188,439.00. Following the transaction, the chief financial officer now directly owns 38,483 shares of the company’s stock, valued at $11,903,561.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Marc Benioff sold 15,000 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $275.01, for a total value of $4,125,150.00. Following the sale, the chief executive officer now owns 12,677,327 shares of the company’s stock, valued at $3,486,391,698.27. The disclosure for this sale can be found here. Insiders have sold 619,993 shares of company stock valued at $181,241,324 over the last 90 days. 3.70% of the stock is owned by corporate insiders.

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.