Mitsubishi UFJ Asset Management Co. Ltd. Boosts Stake in Salesforce Inc. $CRM

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Salesforce Inc. (NYSE:CRM) by 7.4% during the second quarter, HoldingsChannel reports. The fund owned 1,954,583 shares of the CRM provider’s stock after acquiring an additional 134,639 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Salesforce were worth $532,995,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Parkside Financial Bank & Trust grew its stake in Salesforce by 4.7% in the second quarter. Parkside Financial Bank & Trust now owns 2,906 shares of the CRM provider’s stock valued at $792,000 after purchasing an additional 131 shares during the last quarter. Magellan Asset Management Ltd lifted its position in shares of Salesforce by 9.2% during the second quarter. Magellan Asset Management Ltd now owns 78,687 shares of the CRM provider’s stock valued at $21,457,000 after buying an additional 6,649 shares during the last quarter. Bradley & Co. Private Wealth Management LLC boosted its holdings in shares of Salesforce by 22.0% in the 2nd quarter. Bradley & Co. Private Wealth Management LLC now owns 621 shares of the CRM provider’s stock valued at $169,000 after buying an additional 112 shares in the last quarter. Aviva PLC grew its position in shares of Salesforce by 6.9% in the 2nd quarter. Aviva PLC now owns 795,904 shares of the CRM provider’s stock worth $217,035,000 after buying an additional 51,175 shares during the last quarter. Finally, RWA Wealth Partners LLC grew its position in shares of Salesforce by 746.4% in the 2nd quarter. RWA Wealth Partners LLC now owns 70,885 shares of the CRM provider’s stock worth $19,330,000 after buying an additional 62,510 shares during the last quarter. 80.43% of the stock is owned by institutional investors.

Insider Activity at Salesforce

In related news, CEO Marc Benioff sold 122 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $259.00, for a total value of $31,598.00. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at $3,085,096,889. The trade was a 0.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last 90 days, insiders have sold 74,372 shares of company stock worth $18,317,866. 3.00% of the stock is owned by company insiders.

Salesforce Stock Up 0.3%

NYSE:CRM opened at $239.92 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. The company’s fifty day moving average price is $247.41 and its 200-day moving average price is $258.16. Salesforce Inc. has a 1-year low of $226.48 and a 1-year high of $369.00. The firm has a market capitalization of $228.40 billion, a P/E ratio of 34.87, a PEG ratio of 2.11 and a beta of 1.19.

Salesforce (NYSE:CRM) last posted its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 16.87% and a return on equity of 13.27%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.56 earnings per share. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. As a group, equities research analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have weighed in on CRM shares. Weiss Ratings restated a “hold (c)” rating on shares of Salesforce in a research note on Tuesday, October 14th. Canaccord Genuity Group decreased their price objective on Salesforce from $350.00 to $300.00 and set a “buy” rating for the company in a report on Thursday, September 4th. Royal Bank Of Canada lowered their price objective on Salesforce from $275.00 to $250.00 and set a “sector perform” rating for the company in a research report on Thursday, September 4th. KeyCorp reduced 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. Finally, Sanford C. Bernstein decreased their price target on Salesforce from $255.00 to $221.00 and set an “underperform” rating for the company in a research note on Thursday, September 4th. Twenty-five equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $325.23.

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.