Salesforce Inc. $CRM Shares Bought by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System increased its holdings in Salesforce Inc. (NYSE:CRM) by 5.0% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 45,380 shares of the CRM provider’s stock after buying an additional 2,163 shares during the period. Maryland State Retirement & Pension System’s holdings in Salesforce were worth $12,375,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Dempze Nancy E increased its holdings in Salesforce by 41.8% in the 2nd quarter. Dempze Nancy E now owns 5,507 shares of the CRM provider’s stock worth $1,502,000 after buying an additional 1,624 shares during the period. Eagle Strategies LLC boosted its position in Salesforce by 3.0% in the 2nd quarter. Eagle Strategies LLC now owns 9,760 shares of the CRM provider’s stock worth $2,661,000 after purchasing an additional 281 shares in the last quarter. Clear Creek Financial Management LLC boosted its position in Salesforce by 18.4% in the 2nd quarter. Clear Creek Financial Management LLC now owns 1,494 shares of the CRM provider’s stock worth $407,000 after purchasing an additional 232 shares in the last quarter. Bar Harbor Wealth Management boosted its position in Salesforce by 1.7% in the 2nd quarter. Bar Harbor Wealth Management now owns 14,586 shares of the CRM provider’s stock worth $3,977,000 after purchasing an additional 240 shares in the last quarter. Finally, Valmark Advisers Inc. boosted its position in Salesforce by 1.2% in the 2nd quarter. Valmark Advisers Inc. now owns 3,804 shares of the CRM provider’s stock worth $1,037,000 after purchasing an additional 44 shares in the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.

Salesforce Price Performance

Shares of NYSE CRM opened at $240.23 on Thursday. The firm has a 50-day simple moving average of $245.13 and a 200-day simple moving average of $259.53. The stock has a market capitalization of $228.70 billion, a price-to-earnings ratio of 34.92, a price-to-earnings-growth ratio of 2.07 and a beta of 1.19. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a 52 week low of $226.48 and a 52 week high of $369.00.

Salesforce (NYSE:CRM) last issued its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $10.14 billion. During the same period in the prior year, the business earned $2.56 earnings per share. The company’s quarterly 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. On average, equities analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on CRM shares. DA Davidson upgraded Salesforce from an “underperform” rating to a “neutral” rating and set a $225.00 price objective on the stock in a research report on Friday, August 15th. JMP Securities restated a “market outperform” rating and issued a $430.00 price objective on shares of Salesforce in a research report on Tuesday, September 2nd. Citigroup upped their price objective on Salesforce from $275.00 to $276.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 9th. Oppenheimer lowered their price objective on Salesforce from $370.00 to $315.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 26th. Finally, Needham & Company LLC restated a “buy” rating and issued a $400.00 price objective on shares of Salesforce in a research report on Thursday, September 4th. Twenty-six analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $332.58.

Insider Buying and Selling at Salesforce

In related news, Director David Blair Kirk purchased 3,400 shares of Salesforce stock in a transaction dated Tuesday, September 9th. The shares were acquired at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the acquisition, the director directly owned 3,824 shares in the company, valued at approximately $973,819.84. The trade was a 801.89% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction on Monday, August 4th. The stock was sold at an average price of $252.42, for a total value of $567,945.00. Following the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $3,006,718,751.82. This represents a 0.02% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 78,750 shares of company stock worth $19,679,535. Insiders own 3.00% of the company’s stock.

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.