Dimensional Fund Advisors LP Acquires 155,024 Shares of Salesforce Inc. $CRM

Dimensional Fund Advisors LP boosted its holdings in shares of Salesforce Inc. (NYSE:CRMFree Report) by 3.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,239,144 shares of the CRM provider’s stock after purchasing an additional 155,024 shares during the quarter. Dimensional Fund Advisors LP owned about 0.45% of Salesforce worth $1,004,896,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in Salesforce during the 2nd quarter valued at $2,826,049,000. Laurel Wealth Advisors LLC increased its holdings in shares of Salesforce by 27,361.5% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,424,169 shares of the CRM provider’s stock worth $933,737,000 after purchasing an additional 3,411,700 shares during the period. Acadian Asset Management LLC raised its position in shares of Salesforce by 1,729.6% during the second quarter. Acadian Asset Management LLC now owns 1,973,141 shares of the CRM provider’s stock valued at $538,020,000 after buying an additional 1,865,297 shares during the last quarter. Generation Investment Management LLP bought a new stake in shares of Salesforce in the third quarter valued at about $431,157,000. Finally, Amundi lifted its stake in shares of Salesforce by 26.2% in the second quarter. Amundi now owns 7,755,317 shares of the CRM provider’s stock valued at $2,087,545,000 after buying an additional 1,612,413 shares during the period. 80.43% of the stock is owned by institutional investors.

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Analyst Ratings Changes

Several research firms have commented on CRM. Evercore cut their price target on Salesforce from $360.00 to $340.00 and set an “outperform” rating for the company in a report on Thursday, December 4th. Wells Fargo & Company lowered their price objective on Salesforce from $235.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 26th. Northland Securities raised their target price on Salesforce from $264.00 to $267.00 and gave the stock a “market perform” rating in a research report on Thursday, December 4th. Wedbush reissued an “outperform” rating and issued a $375.00 price target on shares of Salesforce in a report on Tuesday, February 24th. Finally, Barclays dropped their price objective on shares of Salesforce from $265.00 to $252.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $283.14.

Read Our Latest Analysis on Salesforce

Insider Buying and Selling at Salesforce

In related news, Director David Blair Kirk bought 1,936 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was bought at an average cost of $258.64 per share, with a total value of $500,727.04. Following the completion of the purchase, the director owned 10,677 shares in the company, valued at approximately $2,761,499.28. The trade was a 22.15% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Neelie Kroes sold 3,893 shares of the stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $238.70, for a total transaction of $929,259.10. Following the sale, the director directly owned 7,299 shares in the company, valued at $1,742,271.30. This trade represents a 34.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 3.00% of the company’s stock.

Salesforce Price Performance

Shares of Salesforce stock opened at $196.24 on Wednesday. The stock has a market capitalization of $183.88 billion, a price-to-earnings ratio of 25.13, a P/E/G ratio of 1.40 and a beta of 1.29. The firm’s 50-day moving average price is $221.20 and its two-hundred day moving average price is $237.77. The company has a current ratio of 0.76, a quick ratio of 0.98 and a debt-to-equity ratio of 0.18. Salesforce Inc. has a 1-year low of $174.57 and a 1-year high of $298.08.

Salesforce (NYSE:CRMGet Free Report) last announced its earnings results on Wednesday, February 25th. The CRM provider reported $3.81 EPS for the quarter, topping the consensus estimate of $3.05 by $0.76. Salesforce had a return on equity of 15.38% and a net margin of 17.96%.The business had revenue of $11.20 billion for the quarter, compared to the consensus estimate of $11.18 billion. During the same period in the previous year, the business earned $2.78 EPS. Salesforce’s revenue was up 12.1% compared to the same quarter last year. Salesforce has set its FY 2027 guidance at 13.110-13.190 EPS and its Q1 2027 guidance at 3.110-3.130 EPS. On average, equities analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 23rd. Shareholders of record on Thursday, April 9th will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $1.76 dividend on an annualized basis and a yield of 0.9%. This is an increase from Salesforce’s previous quarterly dividend of $0.42. Salesforce’s payout ratio is currently 21.25%.

Salesforce Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Salesforce (NYSE:CRM)

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