Salesforce Inc. $CRM Position Lessened by Winslow Capital Management LLC

Winslow Capital Management LLC lowered its position in Salesforce Inc. (NYSE:CRM) by 99.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 944 shares of the CRM provider’s stock after selling 724,107 shares during the quarter. Winslow Capital Management LLC’s holdings in Salesforce were worth $257,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new position in Salesforce in the second quarter worth approximately $2,826,049,000. Nuveen LLC bought a new stake in Salesforce in the first quarter worth approximately $2,039,196,000. Laurel Wealth Advisors LLC grew its position in Salesforce by 27,361.5% in the second quarter. Laurel Wealth Advisors LLC now owns 3,424,169 shares of the CRM provider’s stock worth $933,737,000 after acquiring an additional 3,411,700 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of Salesforce by 1,729.6% during the 2nd quarter. Acadian Asset Management LLC now owns 1,973,141 shares of the CRM provider’s stock worth $538,020,000 after purchasing an additional 1,865,297 shares during the last quarter. Finally, Longview Partners Guernsey LTD bought a new position in shares of Salesforce during the 1st quarter valued at $467,944,000. 80.43% of the stock is owned by hedge funds and other institutional investors.

Salesforce Stock Performance

NYSE:CRM opened at $260.78 on Monday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.98 and a current ratio of 0.98. The firm’s 50-day moving average is $243.26 and its 200-day moving average is $252.43. Salesforce Inc. has a 52-week low of $221.96 and a 52-week high of $367.15. The company has a market cap of $244.35 billion, a price-to-earnings ratio of 34.82, a PEG ratio of 2.02 and a beta of 1.25.

Salesforce (NYSE:CRM) last issued its quarterly earnings results on Wednesday, December 3rd. The CRM provider reported $3.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.39. The firm had revenue of $10.26 billion for the quarter, compared to analyst estimates of $10.27 billion. Salesforce had a return on equity of 14.41% and a net margin of 17.91%.The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.41 earnings per share. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. Equities research analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 18th will be paid a $0.416 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Thursday, December 18th. Salesforce’s dividend payout ratio is presently 22.16%.

Wall Street Analysts Forecast Growth

Several research firms have commented on CRM. Cantor Fitzgerald reissued an “overweight” rating on shares of Salesforce in a research report on Thursday. Sanford C. Bernstein reissued an “underperform” rating on shares of Salesforce in a report on Thursday. JPMorgan Chase & Co. reduced their target price on Salesforce from $380.00 to $365.00 and set an “overweight” rating for the company in a report on Thursday, September 4th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Salesforce in a research report on Monday, November 24th. Finally, KeyCorp dropped their price target on shares of Salesforce from $440.00 to $400.00 and set an “overweight” rating on the stock in a research report on Thursday, September 4th. Twenty-nine analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $326.54.

Insider Buying and Selling

In other news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $241.32, for a total transaction of $542,970.00. Following the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $2,874,500,313.72. The trade was a 0.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Parker Harris sold 134,662 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $234.70, for a total transaction of $31,605,171.40. Following the completion of the sale, the insider directly owned 139,767 shares in the company, valued at approximately $32,803,314.90. The trade was a 49.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 182,034 shares of company stock valued at $43,297,979 over the last ninety days. 3.00% of the stock is owned by company insiders.

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.