Epoch Investment Partners Inc. Has $207.41 Million Position in Salesforce Inc. $CRM

Epoch Investment Partners Inc. decreased its holdings in Salesforce Inc. (NYSE:CRM) by 12.0% in the second quarter, HoldingsChannel reports. The institutional investor owned 760,602 shares of the CRM provider’s stock after selling 103,700 shares during the period. Salesforce makes up 1.1% of Epoch Investment Partners Inc.’s portfolio, making the stock its 18th biggest position. Epoch Investment Partners Inc.’s holdings in Salesforce were worth $207,409,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the business. Painted Porch Advisors LLC raised its position in Salesforce by 260.0% in the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock worth $25,000 after purchasing an additional 65 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its holdings in shares of Salesforce by 314.8% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock worth $30,000 after buying an additional 85 shares in the last quarter. Christopher J. Hasenberg Inc lifted its position in shares of Salesforce by 383.3% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock worth $32,000 after buying an additional 92 shares during the period. Maseco LLP acquired a new stake in Salesforce in the 2nd quarter valued at $34,000. Finally, Quaker Wealth Management LLC grew its position in Salesforce by 208.6% in the second quarter. Quaker Wealth Management LLC now owns 126 shares of the CRM provider’s stock valued at $34,000 after acquiring an additional 242 shares during the period. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Roth Capital reissued a “buy” rating and set a $395.00 price objective on shares of Salesforce in a report on Thursday, September 4th. Needham & Company LLC reiterated a “buy” rating and set a $400.00 target price on shares of Salesforce in a research report on Thursday. Guggenheim restated a “neutral” rating on shares of Salesforce in a research report on Thursday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Salesforce in a research note on Monday, November 24th. Finally, Wells Fargo & Company cut their target price on shares of Salesforce from $275.00 to $265.00 and set an “equal weight” rating for the company in a research note on Thursday, September 4th. Twenty-nine investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $326.27.

Insider Activity at Salesforce

In other news, insider Parker Harris sold 134,662 shares of Salesforce stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $234.70, for a total transaction of $31,605,171.40. Following the completion of the sale, the insider owned 139,767 shares in the company, valued at $32,803,314.90. The trade was a 49.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Marc Benioff sold 2,250 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $251.12, for a total transaction of $565,020.00. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at $2,991,233,709.52. This represents a 0.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 184,284 shares of company stock worth $43,862,999 over the last 90 days. Insiders own 3.00% of the company’s stock.

Salesforce Price Performance

Shares of CRM stock opened at $247.92 on Friday. Salesforce Inc. has a 1 year low of $221.96 and a 1 year high of $367.15. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. The firm’s 50 day moving average is $242.92 and its 200-day moving average is $253.07. The firm has a market capitalization of $236.02 billion, a price-to-earnings ratio of 33.10, a PEG ratio of 1.87 and a beta of 1.25.

Salesforce (NYSE:CRM) last posted its quarterly earnings data on Wednesday, December 3rd. The CRM provider reported $3.25 earnings per share for the quarter, topping the consensus estimate of $2.86 by $0.39. The firm had revenue of $10.26 billion during the quarter, compared to analysts’ expectations of $10.27 billion. Salesforce had a net margin of 17.91% and a return on equity of 14.35%. Salesforce’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.41 EPS. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. Sell-side analysts forecast that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

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.