Entropy Technologies LP Has $13.03 Million Stock Holdings in Salesforce Inc. $CRM

Entropy Technologies LP boosted its holdings in shares of Salesforce Inc. (NYSE:CRM) by 2.5% during the second quarter, Holdings Channel reports. The institutional investor owned 47,772 shares of the CRM provider’s stock after acquiring an additional 1,168 shares during the quarter. Salesforce comprises about 1.0% of Entropy Technologies LP’s investment portfolio, making the stock its 3rd biggest position. Entropy Technologies LP’s holdings in Salesforce were worth $13,027,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CRM. Coign Capital Advisors LLC raised its position in Salesforce by 1.7% in the first quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider’s stock worth $586,000 after purchasing an additional 37 shares in the last quarter. Staley Capital Advisers Inc. grew its stake in shares of Salesforce by 1.1% in the 1st quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider’s stock valued at $897,000 after purchasing an additional 38 shares during the period. KDT Advisors LLC raised its holdings in shares of Salesforce by 4.1% in the 1st quarter. KDT Advisors LLC now owns 967 shares of the CRM provider’s stock worth $260,000 after buying an additional 38 shares in the last quarter. Mendel Money Management lifted its position in shares of Salesforce by 3.6% during the 1st quarter. Mendel Money Management now owns 1,112 shares of the CRM provider’s stock worth $298,000 after buying an additional 39 shares during the period. Finally, Scott & Selber Inc. lifted its position in shares of Salesforce by 0.7% during the 2nd quarter. Scott & Selber Inc. now owns 5,850 shares of the CRM provider’s stock worth $1,595,000 after buying an additional 39 shares during the period. Institutional investors and hedge funds own 80.43% of the company’s stock.

Insider Buying and Selling at Salesforce

In other Salesforce news, Director David Blair Kirk bought 3,400 shares of Salesforce stock in a transaction dated Tuesday, September 9th. The shares were bought at an average price of $254.66 per share, with a total value of $865,844.00. Following the purchase, the director owned 3,824 shares of the company’s stock, valued at $973,819.84. This trade represents a 801.89% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $245.09, for a total transaction of $551,452.50. Following the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $2,919,406,936.39. This represents a 0.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 60,872 shares of company stock worth $15,058,156 in the last ninety days. 3.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have issued reports on CRM. UBS Group dropped their price objective on Salesforce from $300.00 to $260.00 and set a “neutral” rating for the company in a research note on Monday, August 18th. Needham & Company LLC reiterated a “buy” rating and set a $400.00 target price on shares of Salesforce in a research report on Thursday, October 16th. Sanford C. Bernstein cut their price target on shares of Salesforce from $255.00 to $221.00 and set an “underperform” rating for the company in a report on Thursday, September 4th. Oppenheimer decreased their price objective on shares of Salesforce from $370.00 to $315.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 26th. Finally, Royal Bank Of Canada cut their target price on shares of Salesforce from $275.00 to $250.00 and set a “sector perform” rating for the company in a research note on Thursday, September 4th. Twenty-five analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Salesforce currently has a consensus rating of “Moderate Buy” and a consensus target price of $323.51.

Salesforce Trading Down 1.0%

Shares of NYSE CRM opened at $225.53 on Friday. Salesforce Inc. has a 1-year low of $223.30 and a 1-year high of $369.00. The company has a 50-day moving average of $245.12 and a two-hundred day moving average of $256.54. The company has a market cap of $214.70 billion, a PE ratio of 32.78, a P/E/G ratio of 2.11 and a beta of 1.19. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM) last released its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, beating the consensus estimate of $2.78 by $0.13. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The business had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same period in the prior year, the firm earned $2.56 earnings per share. Salesforce’s 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 analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th were given a dividend of $0.416 per share. The ex-dividend date was Wednesday, September 17th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.7%. Salesforce’s payout ratio is presently 24.13%.

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.