Andra AP fonden Has $47.49 Million Stock Position in Salesforce Inc. $CRM

Andra AP fonden increased its holdings in shares of Salesforce Inc. (NYSE:CRM) by 34.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 174,145 shares of the CRM provider’s stock after buying an additional 44,600 shares during the quarter. Salesforce accounts for approximately 0.7% of Andra AP fonden’s holdings, making the stock its 24th largest holding. Andra AP fonden’s holdings in Salesforce were worth $47,488,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CRM. Brighton Jones LLC grew its position in shares of Salesforce by 13.7% in the 4th quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock valued at $8,582,000 after purchasing an additional 3,102 shares during the period. Revolve Wealth Partners LLC lifted its stake in Salesforce by 12.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock valued at $611,000 after buying an additional 205 shares in the last quarter. Bison Wealth LLC boosted its holdings in shares of Salesforce by 9.0% in the fourth quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock valued at $747,000 after buying an additional 184 shares during the period. New Insight Wealth Advisors increased its position in shares of Salesforce by 5.1% during the first quarter. New Insight Wealth Advisors now owns 3,729 shares of the CRM provider’s stock worth $1,001,000 after acquiring an additional 182 shares in the last quarter. Finally, Silphium Asset Management Ltd raised its holdings in shares of Salesforce by 75.9% during the first quarter. Silphium Asset Management Ltd now owns 13,195 shares of the CRM provider’s stock worth $3,541,000 after acquiring an additional 5,695 shares during the period. 80.43% of the stock is currently owned by institutional investors.

Insider Transactions at Salesforce

In related news, CEO Marc Benioff sold 122 shares of Salesforce stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $259.00, for a total transaction of $31,598.00. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $3,085,096,889. This trade represents a 0.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last three months, insiders have sold 76,622 shares of company stock valued at $18,858,631. Company insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on CRM shares. Canaccord Genuity Group lowered their target price on Salesforce from $350.00 to $300.00 and set a “buy” rating for the company in a report on Thursday, September 4th. Morgan Stanley increased their price objective on Salesforce from $404.00 to $405.00 and gave the stock an “overweight” rating in a report on Tuesday, September 2nd. KeyCorp dropped their target price on Salesforce from $440.00 to $400.00 and set an “overweight” rating on the stock in a research report on Thursday, September 4th. Sanford C. Bernstein reduced their price target 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, Bank of America lowered their price objective on shares of Salesforce from $350.00 to $325.00 and set a “buy” rating on the stock in a report on Tuesday, August 26th. Twenty-five analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Salesforce presently has an average rating of “Moderate Buy” and a consensus price target of $325.23.

Salesforce Stock Down 0.6%

NYSE:CRM opened at $252.82 on Thursday. Salesforce Inc. has a twelve month low of $226.48 and a twelve month high of $369.00. The firm has a market capitalization of $240.68 billion, a price-to-earnings ratio of 36.75, a price-to-earnings-growth ratio of 2.11 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. The stock’s 50 day moving average price is $248.05 and its two-hundred day moving average price is $258.26.

Salesforce (NYSE:CRM) last released its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, beating the consensus estimate of $2.78 by $0.13. The company had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.56 EPS. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Equities research analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th were issued 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 dividend 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.