Janus Henderson Group PLC Has $195.19 Million Position in Salesforce, Inc. (NYSE:CRM)

Janus Henderson Group PLC increased its stake in shares of Salesforce, Inc. (NYSE:CRM) by 3.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 648,753 shares of the CRM provider’s stock after buying an additional 21,298 shares during the period. Janus Henderson Group PLC owned 0.07% of Salesforce worth $195,189,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in shares of Salesforce in the 4th quarter valued at approximately $2,762,331,000. Capital International Investors increased its position in Salesforce by 76.4% during the 4th quarter. Capital International Investors now owns 13,708,615 shares of the CRM provider’s stock worth $3,607,493,000 after purchasing an additional 5,935,973 shares in the last quarter. Cerity Partners LLC increased its position in Salesforce by 1,254.7% during the 4th quarter. Cerity Partners LLC now owns 3,483,670 shares of the CRM provider’s stock worth $916,693,000 after purchasing an additional 3,226,512 shares in the last quarter. Capital Research Global Investors increased its position in Salesforce by 26.9% during the 1st quarter. Capital Research Global Investors now owns 14,376,536 shares of the CRM provider’s stock worth $4,329,925,000 after purchasing an additional 3,044,611 shares in the last quarter. Finally, GQG Partners LLC acquired a new position in Salesforce during the 1st quarter worth approximately $910,220,000. Institutional investors own 80.43% of the company’s stock.

Insiders Place Their Bets

In other Salesforce news, COO Brian Millham sold 969 shares of Salesforce stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $253.63, for a total transaction of $245,767.47. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Salesforce news, CEO Marc Benioff sold 15,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $269.53, for a total value of $4,042,950.00. Following the completion of the transaction, the chief executive officer now owns 12,707,327 shares of the company’s stock, valued at approximately $3,425,005,846.31. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Brian Millham sold 969 shares of the business’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $253.63, for a total value of $245,767.47. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 305,042 shares of company stock valued at $81,019,465. 3.20% of the stock is currently owned by corporate insiders.

Salesforce Price Performance

CRM traded down $0.66 on Tuesday, reaching $257.93. The company had a trading volume of 3,893,822 shares, compared to its average volume of 6,784,893. The business has a 50 day simple moving average of $250.63 and a 200 day simple moving average of $275.47. The company has a market cap of $249.93 billion, a price-to-earnings ratio of 46.40, a P/E/G ratio of 2.31 and a beta of 1.29. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.11 and a current ratio of 1.11. Salesforce, Inc. has a 52-week low of $193.68 and a 52-week high of $318.71.

Salesforce (NYSE:CRM) last announced its earnings results on Wednesday, May 29th. The CRM provider reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.38 by $0.06. The business had revenue of $9.13 billion for the quarter, compared to the consensus estimate of $9.15 billion. Salesforce had a net margin of 15.30% and a return on equity of 11.57%. Salesforce’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period last year, the firm posted $1.15 earnings per share. As a group, sell-side analysts anticipate that Salesforce, Inc. will post 7.47 EPS for the current year.

Salesforce Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Tuesday, July 9th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.62%. The ex-dividend date was Tuesday, July 9th. Salesforce’s dividend payout ratio (DPR) is presently 28.78%.

Analysts Set New Price Targets

CRM has been the topic of a number of analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $350.00 price objective on shares of Salesforce in a research note on Friday, May 24th. Mizuho lowered their target price on shares of Salesforce from $345.00 to $300.00 and set a “buy” rating for the company in a report on Thursday, May 30th. Macquarie reduced their price target on shares of Salesforce from $330.00 to $275.00 and set an “outperform” rating for the company in a research report on Friday, May 31st. JMP Securities restated a “market outperform” rating and set a $342.00 price target on shares of Salesforce in a research report on Monday, April 15th. Finally, Wolfe Research restated an “outperform” rating and set a $365.00 price target on shares of Salesforce in a research report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Salesforce has an average rating of “Moderate Buy” and an average target price of $292.79.

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.