Salesforce Inc. $CRM Stake Boosted by PFG Advisors

PFG Advisors increased its position in shares of Salesforce Inc. (NYSE:CRM) by 50.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,150 shares of the CRM provider’s stock after acquiring an additional 1,389 shares during the period. PFG Advisors’ holdings in Salesforce were worth $1,132,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CRM. Nuveen LLC bought a new stake in shares of Salesforce in the 1st quarter valued at approximately $2,039,196,000. Acadian Asset Management LLC grew its position in Salesforce by 1,729.6% in the second quarter. Acadian Asset Management LLC now owns 1,973,141 shares of the CRM provider’s stock worth $538,020,000 after acquiring an additional 1,865,297 shares in the last quarter. Longview Partners Guernsey LTD acquired a new position in shares of Salesforce during the 1st quarter worth $467,944,000. Pacer Advisors Inc. raised its holdings in shares of Salesforce by 1,744.0% during the 1st quarter. Pacer Advisors Inc. now owns 1,820,262 shares of the CRM provider’s stock valued at $488,486,000 after purchasing an additional 1,721,550 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Salesforce by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock valued at $23,592,501,000 after purchasing an additional 1,383,942 shares during the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on CRM. Weiss Ratings reissued a “hold (c)” rating on shares of Salesforce in a research report on Tuesday, October 14th. JMP Securities reissued a “market outperform” rating and set a $430.00 price objective on shares of Salesforce in a report on Friday, October 17th. Northland Securities downgraded 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. Sanford C. Bernstein decreased their target price on Salesforce from $255.00 to $221.00 and set an “underperform” rating for the company in a research report on Thursday, September 4th. Finally, KeyCorp lowered their price target on Salesforce from $440.00 to $400.00 and set an “overweight” rating on the stock in a report on Thursday, September 4th. Twenty-five 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. Based on data from MarketBeat.com, Salesforce presently has an average rating of “Moderate Buy” and an average price target of $325.23.

Insider Transactions at Salesforce

In other news, Director David Blair Kirk acquired 3,400 shares of Salesforce stock in a transaction on Tuesday, September 9th. The stock was bought at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the transaction, the director owned 3,824 shares of the company’s stock, valued at $973,819.84. The trade was a 801.89% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 value of $565,020.00. Following the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at $2,991,233,709.52. The trade was a 0.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 72,122 shares of company stock valued at $17,785,853 in the last ninety days. 3.00% of the stock is owned by company insiders.

Salesforce Stock Performance

Shares of NYSE CRM opened at $241.60 on Tuesday. Salesforce Inc. has a 12 month low of $226.48 and a 12 month high of $369.00. The company has a market cap of $230.00 billion, a P/E ratio of 35.12, a P/E/G ratio of 2.11 and a beta of 1.19. The business’s 50 day moving average is $247.12 and its two-hundred day moving average is $258.16. 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 (NYSE:CRM) last announced its quarterly earnings data 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 business had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter last year, the company posted $2.56 earnings per share. Salesforce’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. On average, equities analysts expect that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

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

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.