National Pension Service Grows Stock Holdings in Salesforce Inc. $CRM

National Pension Service raised its holdings in shares of Salesforce Inc. (NYSE:CRM) by 0.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,155,698 shares of the CRM provider’s stock after purchasing an additional 3,790 shares during the quarter. National Pension Service owned 0.23% of Salesforce worth $587,837,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Coign Capital Advisors LLC increased its stake in Salesforce by 1.7% during the first quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider’s stock worth $586,000 after acquiring an additional 37 shares during the last quarter. Staley Capital Advisers Inc. boosted its holdings in shares of Salesforce by 1.1% in the 1st quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider’s stock worth $897,000 after purchasing an additional 38 shares during the period. KDT Advisors LLC boosted its holdings in shares of Salesforce by 4.1% in the 1st quarter. KDT Advisors LLC now owns 967 shares of the CRM provider’s stock worth $260,000 after purchasing an additional 38 shares during the period. First Command Advisory Services Inc. increased its position in shares of Salesforce by 7.3% during the 1st quarter. First Command Advisory Services Inc. now owns 572 shares of the CRM provider’s stock valued at $154,000 after purchasing an additional 39 shares during the last quarter. Finally, Mendel Money Management raised its holdings in Salesforce by 3.6% during the 1st quarter. Mendel Money Management now owns 1,112 shares of the CRM provider’s stock valued at $298,000 after buying an additional 39 shares during the period. 80.43% of the stock is currently owned by institutional investors.

Insider Activity

In other Salesforce news, Director David Blair Kirk acquired 3,400 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The shares were bought at an average cost of $254.66 per share, with a total value of $865,844.00. Following the completion of the acquisition, the director directly owned 3,824 shares in the company, valued at $973,819.84. This represents a 801.89% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $251.12, for a total transaction of $565,020.00. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $2,991,233,709.52. This trade represents a 0.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 69,872 shares of company stock worth $17,257,913. 3.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Oppenheimer dropped their price objective on shares of Salesforce from $370.00 to $315.00 and set an “outperform” rating for the company in a research note on Tuesday, August 26th. Royal Bank Of Canada dropped their price target on shares of Salesforce from $275.00 to $250.00 and set a “sector perform” rating for the company in a research note on Thursday, September 4th. Needham & Company LLC reiterated a “buy” rating and set a $400.00 price target on shares of Salesforce in a report on Thursday, October 16th. Citigroup raised their price objective on shares of Salesforce from $275.00 to $276.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 9th. Finally, Roth Capital reaffirmed a “buy” rating and set a $395.00 target price on shares of Salesforce in a research note on Thursday, September 4th. Twenty-five analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $325.23.

Salesforce Stock Performance

Salesforce stock opened at $244.13 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market capitalization of $232.41 billion, a PE ratio of 35.48, a P/E/G ratio of 2.11 and a beta of 1.19. The company has a 50 day moving average price of $246.94 and a 200-day moving average price of $257.99. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00.

Salesforce (NYSE:CRM) last released its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping the consensus estimate of $2.78 by $0.13. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The company had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same period last year, the business posted $2.56 EPS. Salesforce’s quarterly revenue was up 9.8% on a year-over-year basis. 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 analysts forecast that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th were issued a dividend of $0.416 per share. 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 presently 24.13%.

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.