Suncoast Equity Management Has $34.20 Million Holdings in Salesforce Inc. $CRM

Suncoast Equity Management lessened its stake in Salesforce Inc. (NYSE:CRM) by 2.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 129,109 shares of the CRM provider’s stock after selling 3,129 shares during the quarter. Salesforce comprises 3.5% of Suncoast Equity Management’s investment portfolio, making the stock its 13th biggest position. Suncoast Equity Management’s holdings in Salesforce were worth $34,202,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Board of the Pension Protection Fund acquired a new position in Salesforce during the fourth quarter worth about $26,000. Key Capital Management INC acquired a new stake in Salesforce during the 4th quarter valued at approximately $26,000. Legacy Bridge LLC acquired a new stake in Salesforce during the 4th quarter valued at approximately $27,000. Dogwood Wealth Management LLC increased its position in Salesforce by 285.7% during the 4th quarter. Dogwood Wealth Management LLC now owns 108 shares of the CRM provider’s stock valued at $29,000 after purchasing an additional 80 shares during the period. Finally, Texas Capital Bancshares Inc TX bought a new position in shares of Salesforce during the 3rd quarter worth approximately $28,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CRM. Stifel Nicolaus cut their price target on Salesforce from $300.00 to $250.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Roth Mkm reiterated a “buy” rating and issued a $325.00 target price on shares of Salesforce in a report on Thursday. Piper Sandler cut Salesforce from an “overweight” rating to a “neutral” rating in a report on Thursday. BTIG Research reissued a “buy” rating and issued a $255.00 price target on shares of Salesforce in a research report on Tuesday, May 26th. Finally, Truist Financial set a $280.00 target price on Salesforce in a research report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $257.97.

Salesforce Stock Down 0.1%

Shares of NYSE CRM opened at $191.00 on Monday. Salesforce Inc. has a 52 week low of $163.52 and a 52 week high of $276.80. The business has a 50-day simple moving average of $180.77 and a two-hundred day simple moving average of $210.36. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.15. The company has a market cap of $156.43 billion, a P/E ratio of 22.11, a P/E/G ratio of 1.27 and a beta of 1.16.

Salesforce (NYSE:CRM) last issued its earnings results on Wednesday, May 27th. The CRM provider reported $3.88 EPS for the quarter, topping the consensus estimate of $3.13 by $0.75. Salesforce had a return on equity of 18.72% and a net margin of 18.73%.The business had revenue of $11.13 billion during the quarter, compared to the consensus estimate of $11.05 billion. During the same quarter last year, the company earned $2.58 EPS. The firm’s revenue was up 13.3% compared to the same quarter last year. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. Research analysts anticipate that Salesforce Inc. will post 9.72 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Thursday, June 11th. Salesforce’s dividend payout ratio (DPR) is 20.37%.

Salesforce declared that its Board of Directors has authorized a share buyback plan on Monday, March 16th that permits the company to buyback $25.00 billion in outstanding shares. This buyback authorization permits the CRM provider to repurchase up to 14.1% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

Insider Transactions at Salesforce

In other Salesforce news, Director David Blair Kirk purchased 2,570 shares of the company’s stock in a transaction dated Wednesday, March 18th. The stock was purchased at an average price of $194.62 per share, for a total transaction of $500,173.40. Following the transaction, the director owned 13,689 shares in the company, valued at $2,664,153.18. The trade was a 23.11% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Laura Alber acquired 2,571 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The shares were purchased at an average cost of $194.58 per share, for a total transaction of $500,265.18. Following the completion of the acquisition, the director owned 9,530 shares in the company, valued at $1,854,347.40. This represents a 36.94% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 3.50% of the company’s stock.

Salesforce News Roundup

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce beat fiscal Q1 expectations, with revenue rising 13% year over year to $11.13 billion and EPS of $3.88 topping estimates, reinforcing that demand remains healthy. CRM Q1 Earnings Top Estimates, Revenues Rise Y/Y on ARR Milestone
• Positive Sentiment: The company said Agentforce annual recurring revenue crossed $1 billion and lifted FY2027 revenue guidance, suggesting its AI products are starting to contribute meaningfully to growth. Salesforce raises FY 2027 revenue guide to $45.9B-$46.2B while launching $25B accelerated share repurchase
• Positive Sentiment: Salesforce announced a $25 billion accelerated share repurchase program and highlighted $6.6 billion in free cash flow, signaling strong cash generation and shareholder returns. Salesforce Announces Quarterly Dividend
• Positive Sentiment: New customer and partner headlines, including CVS Health expanding use of Salesforce’s Agentforce Health, support the view that the company’s AI platform is gaining traction. CVS Health to Deliver Faster, More Personalized Call Center Care for Millions of Members with Salesforce’s Agentforce Health
• Neutral Sentiment: Several analysts remained constructive, but many trimmed price targets after the report, reflecting a more cautious stance on near-term upside. Salesforce Q1 Results ‘Uninspiring’: ‘Nothing To Dispel The AI Threat Narrative’
• Negative Sentiment: Investors were disappointed by Q2 revenue guidance, which came in slightly below expectations, keeping the stock under pressure despite the earnings beat. CRM Stock Dips After-Hours As Q2 Revenue Outlook Marginally Misses Expectations
• Negative Sentiment: Bearish commentary continues to focus on the risk that AI agents could eventually disrupt Salesforce’s core revenue model, which is weighing on sentiment. Analyst warns Salesforce has an AI problem

About Salesforce

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.