Teacher Retirement System of Texas Decreases Stock Position in Salesforce Inc. $CRM

Teacher Retirement System of Texas trimmed its holdings in shares of Salesforce Inc. (NYSE:CRM) by 24.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 294,240 shares of the CRM provider’s stock after selling 92,712 shares during the period. Teacher Retirement System of Texas’ holdings in Salesforce were worth $69,735,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Marquette Asset Management LLC purchased a new stake in shares of Salesforce during the third quarter valued at $26,000. Evolution Wealth Management Inc. bought a new position in Salesforce during the 2nd quarter valued at about $27,000. Maseco LLP bought a new position in Salesforce during the 2nd quarter valued at about $34,000. Quaker Wealth Management LLC boosted its holdings in shares of Salesforce by 208.6% during the 2nd quarter. Quaker Wealth Management LLC now owns 126 shares of the CRM provider’s stock valued at $34,000 after acquiring an additional 242 shares during the last quarter. Finally, Spurstone Advisory Services LLC bought a new stake in shares of Salesforce in the second quarter worth approximately $34,000. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on CRM. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Salesforce from $340.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Macquarie increased their price target on Salesforce from $250.00 to $265.00 and gave the company a “neutral” rating in a report on Thursday, December 4th. Evercore ISI cut their price objective on Salesforce from $360.00 to $340.00 and set an “outperform” rating for the company in a report on Thursday, December 4th. Wall Street Zen raised Salesforce from a “hold” rating to a “buy” rating in a report on Friday, November 28th. Finally, TD Cowen restated a “buy” rating on shares of Salesforce in a research note on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $324.51.

Salesforce Stock Performance

Shares of CRM opened at $228.19 on Friday. The business has a 50-day simple moving average of $247.86 and a two-hundred day simple moving average of $249.30. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a 52 week low of $218.96 and a 52 week high of $367.09. The stock has a market cap of $213.81 billion, a price-to-earnings ratio of 30.47, a PEG ratio of 1.65 and a beta of 1.26.

Salesforce (NYSE:CRM) last posted its quarterly earnings data on Wednesday, December 3rd. The CRM provider reported $3.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.86 by $0.39. The firm had revenue of $10.26 billion for the quarter, compared to analysts’ expectations of $10.27 billion. Salesforce had a return on equity of 14.41% and a net margin of 17.91%.The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.41 EPS. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. On average, analysts expect that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Thursday, December 18th were paid a $0.416 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Thursday, December 18th. Salesforce’s dividend payout ratio is presently 22.16%.

Insiders Place Their Bets

In other Salesforce news, Director Neelie Kroes sold 3,893 shares of the company’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $238.70, for a total value of $929,259.10. Following the completion of the transaction, the director directly owned 7,299 shares in the company, valued at $1,742,271.30. This represents a 34.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $258.20, for a total transaction of $580,950.00. Following the sale, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $3,075,567,632.20. The trade was a 0.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 145,427 shares of company stock valued at $34,290,361. Insiders own 3.00% of the company’s stock.

Salesforce Profile

Salesforce, founded in 1999 and headquartered in San Francisco, is a global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications. The company popularized the software-as-a-service (SaaS) model for CRM and has built a broad portfolio of products designed to help organizations manage sales, service, marketing, commerce and analytics through a unified, cloud-first platform.

Core offerings include Sales Cloud for sales automation, Service Cloud for customer support, Marketing Cloud for digital marketing and engagement, and Commerce Cloud for e-commerce.