Jupiter Asset Management Ltd. Boosts Holdings in Salesforce Inc. $CRM

Jupiter Asset Management Ltd. lifted its holdings in Salesforce Inc. (NYSE:CRM) by 172.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 436,294 shares of the CRM provider’s stock after purchasing an additional 276,079 shares during the period. Salesforce makes up 1.0% of Jupiter Asset Management Ltd.’s holdings, making the stock its 12th biggest holding. Jupiter Asset Management Ltd.’s holdings in Salesforce were worth $118,973,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Brighton Jones LLC raised its stake in shares of Salesforce by 13.7% in the fourth quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock valued at $8,582,000 after acquiring an additional 3,102 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in Salesforce by 12.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock worth $611,000 after purchasing an additional 205 shares during the period. Bison Wealth LLC increased its holdings in Salesforce by 9.0% during the 4th quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock worth $747,000 after purchasing an additional 184 shares during the period. MQS Management LLC acquired a new stake in Salesforce in the 1st quarter valued at about $297,000. Finally, BluePointe Capital Management LLC boosted its stake in shares of Salesforce by 43.6% in the 1st quarter. BluePointe Capital Management LLC now owns 1,531 shares of the CRM provider’s stock valued at $411,000 after buying an additional 465 shares during the period. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $251.12, for a total transaction of $565,020.00. Following the transaction, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at $2,991,233,709.52. The trade was a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director David Blair Kirk acquired 3,400 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The stock was purchased at an average cost of $254.66 per share, with a total value of $865,844.00. Following the completion of the acquisition, the director directly owned 3,824 shares of the company’s stock, valued at approximately $973,819.84. This trade represents a 801.89% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold a total of 69,872 shares of company stock worth $17,257,913 in the last 90 days. 3.00% of the stock is currently owned by company insiders.

Salesforce Trading Up 1.0%

NYSE CRM opened at $244.13 on Wednesday. The firm’s fifty day moving average price is $246.94 and its 200 day moving average price is $257.99. Salesforce Inc. has a 12 month low of $226.48 and a 12 month 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. The company has a market capitalization of $232.41 billion, a price-to-earnings ratio of 35.48, a price-to-earnings-growth ratio of 2.11 and a beta of 1.19.

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 the consensus estimate of $2.78 by $0.13. The company had revenue of $10.24 billion during 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%. Salesforce’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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. On average, sell-side analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CRM shares. Canaccord Genuity Group cut their target price on shares of Salesforce from $350.00 to $300.00 and set a “buy” rating on the stock in a research note on Thursday, September 4th. Oppenheimer lowered their price target on shares of Salesforce from $370.00 to $315.00 and set an “outperform” rating for the company in a report on Tuesday, August 26th. Roth Capital restated a “buy” rating and issued a $395.00 price objective on shares of Salesforce in a report on Thursday, September 4th. BMO Capital Markets lowered their target price on shares of Salesforce from $335.00 to $280.00 and set an “outperform” rating for the company in a research note on Thursday, September 4th. Finally, Robert W. Baird dropped their target price on Salesforce from $365.00 to $325.00 and set an “outperform” rating on the stock in a report on Thursday, September 4th. Twenty-five analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Salesforce has an average rating of “Moderate Buy” and an average price target of $325.23.

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.