Guinness Asset Management LTD Has $35.60 Million Stock Position in Salesforce Inc. $CRM

Guinness Asset Management LTD reduced its position in Salesforce Inc. (NYSE:CRM) by 2.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 130,558 shares of the CRM provider’s stock after selling 2,677 shares during the period. Guinness Asset Management LTD’s holdings in Salesforce were worth $35,604,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Diversified Trust Co raised its position in Salesforce by 30.1% during the second quarter. Diversified Trust Co now owns 27,786 shares of the CRM provider’s stock valued at $7,577,000 after acquiring an additional 6,430 shares in the last quarter. Neville Rodie & Shaw Inc. increased its stake in shares of Salesforce by 4.6% during the 2nd quarter. Neville Rodie & Shaw Inc. now owns 59,970 shares of the CRM provider’s stock worth $16,353,000 after purchasing an additional 2,644 shares during the last quarter. AG2R LA Mondiale Gestion D Actifs bought a new position in shares of Salesforce during the 1st quarter valued at $9,367,000. Jones Financial Companies Lllp lifted its stake in shares of Salesforce by 31.2% in the 1st quarter. Jones Financial Companies Lllp now owns 344,887 shares of the CRM provider’s stock valued at $93,016,000 after purchasing an additional 81,916 shares during the last quarter. Finally, Wesbanco Bank Inc. boosted its holdings in Salesforce by 6.8% in the second quarter. Wesbanco Bank Inc. now owns 110,968 shares of the CRM provider’s stock worth $30,260,000 after purchasing an additional 7,091 shares in the last quarter. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Salesforce

In other news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $259.01, for a total transaction of $582,772.50. Following the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $3,085,216,004.71. This trade represents a 0.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders sold 76,500 shares of company stock valued at $18,819,383. 3.00% of the stock is currently owned by company insiders.

Salesforce Trading Down 0.0%

Shares of CRM stock opened at $254.93 on Monday. The firm has a market capitalization of $242.69 billion, a P/E ratio of 37.05, a price-to-earnings-growth ratio of 2.14 and a beta of 1.19. Salesforce Inc. has a 1 year low of $226.48 and a 1 year high of $369.00. The firm’s fifty day simple moving average is $246.53 and its 200 day simple moving average is $258.12. 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 posted its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, topping 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 company had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period last year, the business posted $2.56 EPS. The business’s quarterly revenue was up 9.8% on a year-over-year basis. 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, sell-side analysts predict that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

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

Analyst Ratings Changes

Several research firms have weighed in on CRM. BMO Capital Markets cut their target price on Salesforce from $335.00 to $280.00 and set an “outperform” rating on the stock in a report on Thursday, September 4th. Wall Street Zen raised Salesforce from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. Needham & Company LLC restated a “buy” rating and issued a $400.00 target price on shares of Salesforce in a report on Thursday, October 16th. Bank of America lowered their price target on Salesforce from $350.00 to $325.00 and set a “buy” rating on the stock in a report on Tuesday, August 26th. Finally, Wedbush reissued an “outperform” rating and issued a $375.00 price target on shares of Salesforce in a research report on Thursday, October 16th. Twenty-five research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $325.23.

Salesforce Company 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.