Salesforce, Inc. (NYSE:CRM) Stock Holdings Lifted by West Oak Capital LLC

West Oak Capital LLC grew its stake in shares of Salesforce, Inc. (NYSE:CRM) by 23.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 725 shares of the CRM provider’s stock after acquiring an additional 140 shares during the period. West Oak Capital LLC’s holdings in Salesforce were worth $197,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Prentice Wealth Management LLC boosted its position in Salesforce by 1.7% during the fourth quarter. Prentice Wealth Management LLC now owns 2,294 shares of the CRM provider’s stock worth $604,000 after purchasing an additional 38 shares during the period. Legal Advantage Investments Inc. increased its position in shares of Salesforce by 0.7% during the 4th quarter. Legal Advantage Investments Inc. now owns 5,571 shares of the CRM provider’s stock worth $1,466,000 after purchasing an additional 40 shares in the last quarter. Westside Investment Management Inc. grew its position in Salesforce by 0.9% during the 4th quarter. Westside Investment Management Inc. now owns 4,712 shares of the CRM provider’s stock worth $1,240,000 after acquiring an additional 42 shares during the last quarter. Enterprise Bank & Trust Co lifted its position in Salesforce by 0.4% during the 4th quarter. Enterprise Bank & Trust Co now owns 12,133 shares of the CRM provider’s stock worth $3,193,000 after buying an additional 44 shares in the last quarter. Finally, Fort Point Capital Partners LLC lifted its position in shares of Salesforce by 1.5% during the third quarter. Fort Point Capital Partners LLC now owns 3,298 shares of the CRM provider’s stock worth $669,000 after purchasing an additional 49 shares in the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CRM has been the subject of several research analyst reports. Royal Bank of Canada boosted their price objective on shares of Salesforce from $285.00 to $325.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. Robert W. Baird upped their price target on Salesforce from $310.00 to $355.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. JMP Securities lifted their price objective on Salesforce from $293.00 to $342.00 and gave the stock a “market outperform” rating in a research report on Thursday, February 29th. Evercore ISI boosted their price objective on Salesforce from $290.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $350.00 target price on shares of Salesforce in a research note on Thursday, March 7th. Nine investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $304.32.

Insider Buying and Selling at Salesforce

In related news, CAO Sundeep G. Reddy sold 216 shares of Salesforce stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $278.71, for a total value of $60,201.36. Following the transaction, the chief accounting officer now directly owns 2,869 shares of the company’s stock, valued at $799,618.99. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CAO Sundeep G. Reddy sold 216 shares of the business’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $278.71, for a total value of $60,201.36. Following the transaction, the chief accounting officer now owns 2,869 shares in the company, valued at $799,618.99. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Parker Harris sold 4,200 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $306.50, for a total value of $1,287,300.00. Following the sale, the insider now owns 105,837 shares of the company’s stock, valued at $32,439,040.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 898,507 shares of company stock worth $255,293,063. Insiders own 3.70% of the company’s stock.

Salesforce Trading Up 0.0 %

Shares of NYSE:CRM traded up $0.02 during midday trading on Thursday, hitting $301.40. 1,292,795 shares of the stock were exchanged, compared to its average volume of 5,704,153. The business’s 50-day moving average price is $293.59 and its 200 day moving average price is $251.75. Salesforce, Inc. has a 12 month low of $187.31 and a 12 month high of $318.71. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market capitalization of $292.36 billion, a price-to-earnings ratio of 71.72, a P/E/G ratio of 2.35 and a beta of 1.28.

Salesforce (NYSE:CRM) last announced its quarterly earnings results on Wednesday, February 28th. The CRM provider reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.06. The firm had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.22 billion. Salesforce had a net margin of 11.87% and a return on equity of 10.42%. The company’s revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.01 EPS. Analysts predict that Salesforce, Inc. will post 7.45 earnings per share for the current year.

Salesforce Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 11th. Shareholders of record on Thursday, March 14th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.53%. The ex-dividend date is Wednesday, March 13th. Salesforce’s payout ratio is presently 9.52%.

About Salesforce

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.