Hartford Funds Management Co LLC Sells 2,306 Shares of Salesforce Inc. $CRM

Hartford Funds Management Co LLC lowered its position in shares of Salesforce Inc. (NYSE:CRM) by 86.6% in the 2nd quarter, Holdings Channel.com reports. The fund owned 358 shares of the CRM provider’s stock after selling 2,306 shares during the quarter. Hartford Funds Management Co LLC’s holdings in Salesforce were worth $98,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Joseph Group Capital Management boosted its position in shares of Salesforce by 27.4% during the second quarter. Joseph Group Capital Management now owns 12,831 shares of the CRM provider’s stock valued at $3,499,000 after buying an additional 2,758 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of Salesforce by 4.6% in the second quarter. ProShare Advisors LLC now owns 325,071 shares of the CRM provider’s stock worth $88,644,000 after acquiring an additional 14,326 shares during the period. PFG Advisors raised its holdings in shares of Salesforce by 50.3% during the second quarter. PFG Advisors now owns 4,150 shares of the CRM provider’s stock valued at $1,132,000 after purchasing an additional 1,389 shares during the last quarter. Zions Bancorporation National Association UT lifted its position in Salesforce by 7.5% during the second quarter. Zions Bancorporation National Association UT now owns 28,756 shares of the CRM provider’s stock valued at $7,841,000 after purchasing an additional 2,017 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC increased its holdings in Salesforce by 6.2% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,444 shares of the CRM provider’s stock worth $666,000 after acquiring an additional 142 shares in the last quarter. Institutional investors own 80.43% of the company’s stock.

Salesforce Trading Up 0.3%

NYSE CRM opened at $239.92 on Monday. Salesforce Inc. has a one year low of $226.48 and a one year high of $369.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market capitalization of $228.40 billion, a price-to-earnings ratio of 34.87, a price-to-earnings-growth ratio of 2.11 and a beta of 1.19. The company’s 50-day simple moving average is $247.41 and its two-hundred day simple moving average is $258.32.

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

Salesforce Announces Dividend

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

Insider Buying and Selling at Salesforce

In other Salesforce news, CEO Marc Benioff sold 122 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $259.00, for a total value of $31,598.00. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at $3,085,096,889. This trade represents a 0.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders have sold 72,122 shares of company stock valued at $17,785,853. 3.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Piper Sandler restated an “overweight” rating and set a $315.00 price objective on shares of Salesforce in a research report on Thursday, October 16th. Northland Securities cut Salesforce from an “outperform” rating to a “market perform” rating and set a $264.00 price objective on the stock. in a research note on Tuesday, October 14th. Northland Capmk lowered Salesforce from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 14th. Citigroup boosted their target price on Salesforce from $275.00 to $276.00 and gave the company a “neutral” rating in a research report on Tuesday, September 9th. Finally, Morgan Stanley increased their price target on Salesforce from $404.00 to $405.00 and gave the company an “overweight” rating in a report on Tuesday, September 2nd. Twenty-five analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.