New York State Teachers Retirement System Sells 541 Shares of Salesforce Inc. $CRM

New York State Teachers Retirement System reduced its holdings in shares of Salesforce Inc. (NYSE:CRM) by 0.1% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 844,919 shares of the CRM provider’s stock after selling 541 shares during the period. Salesforce makes up 0.5% of New York State Teachers Retirement System’s holdings, making the stock its 29th biggest holding. New York State Teachers Retirement System’s holdings in Salesforce were worth $230,401,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. increased its holdings in Salesforce by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock worth $23,592,501,000 after purchasing an additional 1,383,942 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Salesforce by 6.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,258,518 shares of the CRM provider’s stock worth $2,484,616,000 after purchasing an additional 600,386 shares during the period. Goldman Sachs Group Inc. grew its stake in Salesforce by 5.1% during the first quarter. Goldman Sachs Group Inc. now owns 9,014,148 shares of the CRM provider’s stock worth $2,419,037,000 after purchasing an additional 437,435 shares during the period. Nuveen LLC acquired a new stake in Salesforce during the first quarter worth approximately $2,039,196,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Salesforce by 4.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 6,362,035 shares of the CRM provider’s stock worth $1,707,316,000 after purchasing an additional 295,681 shares during the period. 80.43% of the stock is currently owned by institutional investors.

Insider Transactions at Salesforce

In other Salesforce news, Director David Blair Kirk purchased 3,400 shares of Salesforce stock in a transaction that occurred on Tuesday, September 9th. The shares were bought 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. This trade represents a 801.89% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $236.45, for a total value of $532,012.50. Following the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $2,816,490,962.95. This represents a 0.02% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 78,750 shares of company stock worth $19,572,233. 3.00% of the stock is owned by company insiders.

Salesforce Trading Down 1.3%

Shares of CRM stock opened at $236.60 on Thursday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14. The business has a 50-day moving average price of $244.22 and a two-hundred day moving average price of $258.21. Salesforce Inc. has a 12-month low of $226.48 and a 12-month high of $369.00. The firm has a market cap of $225.24 billion, a P/E ratio of 34.39, a price-to-earnings-growth ratio of 2.07 and a beta of 1.19.

Salesforce (NYSE:CRM) last issued its quarterly earnings results 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 return on equity of 13.27% and a net margin of 16.87%.The firm had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the previous year, the company posted $2.56 earnings per share. The company’s 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. Equities analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Wall Street Zen upgraded Salesforce from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. BMO Capital Markets decreased their price target on Salesforce from $335.00 to $280.00 and set an “outperform” rating for the company in a research report on Thursday, September 4th. Oppenheimer decreased their target price on Salesforce from $370.00 to $315.00 and set an “outperform” rating for the company in a research report on Tuesday, August 26th. Roth Capital reissued a “buy” rating and issued a $395.00 target price on shares of Salesforce in a research report on Thursday, September 4th. Finally, Citigroup lifted their price target on Salesforce from $275.00 to $276.00 and gave the company a “neutral” rating in a research report on Tuesday, September 9th. Twenty-five analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $328.22.

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.