Deltec Asset Management LLC Buys 3,000 Shares of Salesforce Inc. $CRM

Deltec Asset Management LLC lifted its stake in Salesforce Inc. (NYSE:CRM) by 46.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,500 shares of the CRM provider’s stock after acquiring an additional 3,000 shares during the period. Deltec Asset Management LLC’s holdings in Salesforce were worth $2,591,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Diversified Trust Co raised its position in shares of Salesforce by 30.1% in the 2nd quarter. Diversified Trust Co now owns 27,786 shares of the CRM provider’s stock worth $7,577,000 after acquiring an additional 6,430 shares in the last quarter. Neville Rodie & Shaw Inc. increased its position in Salesforce by 4.6% during the 2nd quarter. Neville Rodie & Shaw Inc. now owns 59,970 shares of the CRM provider’s stock valued at $16,353,000 after buying an additional 2,644 shares in the last quarter. AG2R LA Mondiale Gestion D Actifs acquired a new position in Salesforce during the 1st quarter valued at about $9,367,000. Jones Financial Companies Lllp increased its position in Salesforce by 31.2% during the 1st quarter. Jones Financial Companies Lllp now owns 344,887 shares of the CRM provider’s stock valued at $93,016,000 after buying an additional 81,916 shares in the last quarter. Finally, Park National Corp OH increased its position in Salesforce by 10.5% during the 2nd quarter. Park National Corp OH now owns 114,532 shares of the CRM provider’s stock valued at $31,232,000 after buying an additional 10,901 shares in the last quarter. 80.43% of the stock is owned by institutional investors.

Salesforce Stock Performance

NYSE CRM opened at $236.92 on Wednesday. The company has a market cap of $225.55 billion, a PE ratio of 34.44, a price-to-earnings-growth ratio of 2.23 and a beta of 1.22. The stock’s 50 day simple moving average is $248.44 and its 200-day simple moving average is $261.05. Salesforce Inc. has a 1-year low of $226.48 and a 1-year high of $369.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12.

Salesforce (NYSE:CRM) last released its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.13. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The business had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter last year, the business posted $2.56 earnings per share. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. As a group, equities research analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Wednesday, September 17th will be issued a $0.416 dividend. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 17th. Salesforce’s dividend payout ratio (DPR) is currently 24.13%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Barclays reduced their target price on Salesforce from $347.00 to $316.00 and set an “overweight” rating on the stock in a research report on Monday, August 18th. BMO Capital Markets cut their price objective on Salesforce from $335.00 to $280.00 and set an “outperform” rating on the stock in a report on Thursday, September 4th. Royal Bank Of Canada cut their price objective on Salesforce from $275.00 to $250.00 and set a “sector perform” rating on the stock in a report on Thursday, September 4th. Roth Capital reissued a “buy” rating and issued a $395.00 price objective on shares of Salesforce in a report on Thursday, September 4th. Finally, JPMorgan Chase & Co. cut their price objective on Salesforce from $380.00 to $365.00 and set an “overweight” rating on the stock in a report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $332.58.

Insider Activity at Salesforce

In other Salesforce news, Director David Blair Kirk bought 3,400 shares of the business’s stock in a transaction on Tuesday, September 9th. The stock was bought at an average price of $254.66 per share, with a total value of $865,844.00. Following the completion of the purchase, the director directly owned 3,824 shares in the company, valued at $973,819.84. The trade was a 801.89% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $244.53, for a total value of $550,192.50. Following the sale, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at approximately $2,912,736,456.63. This trade represents a 0.02% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 81,000 shares of company stock valued at $20,439,405. Insiders own 3.00% of the company’s stock.

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.