Salesforce Inc. $CRM Shares Purchased by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS lifted its position in Salesforce Inc. (NYSE:CRM) by 18.9% during the second quarter, HoldingsChannel.com reports. The fund owned 25,483 shares of the CRM provider’s stock after acquiring an additional 4,045 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Salesforce were worth $6,949,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Painted Porch Advisors LLC boosted its stake in Salesforce by 260.0% during the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock worth $25,000 after buying an additional 65 shares during the last quarter. Capital A Wealth Management LLC boosted its stake in Salesforce by 450.0% during the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock worth $30,000 after buying an additional 90 shares during the last quarter. CBIZ Investment Advisory Services LLC boosted its stake in Salesforce by 314.8% during the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock worth $30,000 after buying an additional 85 shares during the last quarter. Abound Financial LLC acquired a new position in Salesforce during the first quarter worth $31,000. Finally, Christopher J. Hasenberg Inc boosted its stake in Salesforce by 383.3% during the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock worth $32,000 after buying an additional 92 shares during the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce Stock Performance

Shares of Salesforce stock opened at $254.93 on Friday. The business’s fifty day simple moving average is $246.53 and its 200-day simple moving average is $258.17. Salesforce Inc. has a 52 week low of $226.48 and a 52 week high of $369.00. 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 firm has a market cap of $242.69 billion, a PE ratio of 37.05, a price-to-earnings-growth ratio of 2.14 and a beta of 1.19.

Salesforce (NYSE:CRM) last announced its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 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 analysts’ expectations of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.Salesforce’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period last year, the business 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 analysts forecast that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Dividend Announcement

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

Insider Activity at Salesforce

In other news, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $246.07, for a total value of $553,657.50. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $2,931,080,275.97. This trade represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David Blair Kirk acquired 3,400 shares of the stock in a transaction dated Tuesday, September 9th. The stock was acquired at an average cost of $254.66 per share, with a total value of $865,844.00. Following the purchase, the director owned 3,824 shares of the company’s stock, valued at approximately $973,819.84. This trade represents a 801.89% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders sold 78,750 shares of company stock valued at $19,424,880. Insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Wells Fargo & Company lowered their price objective on Salesforce from $275.00 to $265.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 4th. Roth Capital reissued a “buy” rating and set a $395.00 price objective on shares of Salesforce in a research note on Thursday, September 4th. Northland Securities lowered Salesforce from an “outperform” rating to a “market perform” rating and set a $264.00 price objective on the stock. in a research note on Tuesday, October 14th. Morgan Stanley upped their price target on Salesforce from $404.00 to $405.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. Finally, UBS Group decreased their price target on Salesforce from $300.00 to $260.00 and set a “neutral” rating on the stock in a research note on Monday, August 18th. Twenty-five research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $325.23.

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.