PKO Investment Management Joint Stock Co Has $3.32 Million Holdings in Salesforce Inc. $CRM

PKO Investment Management Joint Stock Co decreased its position in shares of Salesforce Inc. (NYSE:CRM) by 36.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 14,000 shares of the CRM provider’s stock after selling 8,000 shares during the period. PKO Investment Management Joint Stock Co’s holdings in Salesforce were worth $3,318,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Salesforce by 1.0% during the second quarter. Vanguard Group Inc. now owns 88,823,481 shares of the CRM provider’s stock worth $24,221,275,000 after purchasing an additional 909,853 shares during the last quarter. State Street Corp raised its holdings in Salesforce by 1.6% in the 2nd quarter. State Street Corp now owns 49,260,918 shares of the CRM provider’s stock valued at $13,452,998,000 after buying an additional 776,300 shares during the last quarter. Geode Capital Management LLC boosted its position in Salesforce by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 20,873,900 shares of the CRM provider’s stock worth $5,669,224,000 after buying an additional 114,504 shares during the period. Norges Bank bought a new stake in Salesforce during the 2nd quarter worth approximately $2,826,049,000. Finally, Amundi grew its holdings in Salesforce by 26.2% during the 2nd quarter. Amundi now owns 7,755,317 shares of the CRM provider’s stock worth $2,087,545,000 after acquiring an additional 1,612,413 shares during the last quarter. Institutional investors own 80.43% of the company’s stock.

Insider Activity

In other news, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $258.20, for a total value of $580,950.00. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at $3,075,567,632.20. This trade represents a 0.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Parker Harris sold 134,662 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $234.70, for a total value of $31,605,171.40. Following the transaction, the insider directly owned 139,767 shares in the company, valued at approximately $32,803,314.90. This trade represents a 49.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 152,784 shares of company stock worth $36,173,287. Company insiders own 3.00% of the company’s stock.

Salesforce Trading Down 0.3%

NYSE CRM opened at $259.29 on Tuesday. The stock has a market capitalization of $242.95 billion, a P/E ratio of 34.62, a P/E/G ratio of 1.94 and a beta of 1.26. The business has a 50 day simple moving average of $250.28 and a 200 day simple moving average of $251.35. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.98 and a quick ratio of 0.98. Salesforce Inc. has a one year low of $221.96 and a one year high of $367.09.

Salesforce (NYSE:CRM) last posted its quarterly earnings results on Wednesday, December 3rd. The CRM provider reported $3.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.86 by $0.39. The firm had revenue of $10.26 billion for the quarter, compared to analysts’ expectations of $10.27 billion. Salesforce had a return on equity of 14.41% and a net margin of 17.91%.The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.41 EPS. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. Research analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Thursday, December 18th were paid a $0.416 dividend. This represents a $1.66 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, December 18th. Salesforce’s payout ratio is 22.16%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CRM shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Salesforce in a report on Monday, December 29th. The Goldman Sachs Group initiated coverage on Salesforce in a research report on Monday. They set a “buy” rating and a $330.00 target price for the company. Piper Sandler reiterated an “overweight” rating on shares of Salesforce in a research report on Thursday, December 4th. Truist Financial decreased their price target on Salesforce from $400.00 to $380.00 and set a “buy” rating for the company in a research note on Thursday, December 4th. Finally, Robert W. Baird cut their price objective on Salesforce from $325.00 to $315.00 and set an “outperform” rating on the stock in a research note on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $326.50.

Salesforce Company Profile

Salesforce, founded in 1999 and headquartered in San Francisco, is a global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications. The company popularized the software-as-a-service (SaaS) model for CRM and has built a broad portfolio of products designed to help organizations manage sales, service, marketing, commerce and analytics through a unified, cloud-first platform.

Core offerings include Sales Cloud for sales automation, Service Cloud for customer support, Marketing Cloud for digital marketing and engagement, and Commerce Cloud for e-commerce.