SEB Asset Management AB Makes New $88.20 Million Investment in Salesforce Inc. $CRM

SEB Asset Management AB acquired a new position in Salesforce Inc. (NYSE:CRM) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 472,483 shares of the CRM provider’s stock, valued at approximately $88,198,000.

Other large investors also recently modified their holdings of the company. Byrne Asset Management LLC grew its holdings in Salesforce by 1.0% during the fourth quarter. Byrne Asset Management LLC now owns 4,331 shares of the CRM provider’s stock worth $1,147,000 after buying an additional 43 shares in the last quarter. Fred Alger Management LLC lifted its stake in Salesforce by 0.3% during the 3rd quarter. Fred Alger Management LLC now owns 14,943 shares of the CRM provider’s stock valued at $3,548,000 after acquiring an additional 45 shares in the last quarter. Pine Haven Investment Counsel Inc lifted its stake in Salesforce by 1.5% during the 4th quarter. Pine Haven Investment Counsel Inc now owns 3,152 shares of the CRM provider’s stock valued at $835,000 after acquiring an additional 46 shares in the last quarter. Richards Merrill & Peterson Inc. boosted its holdings in Salesforce by 1.1% during the 4th quarter. Richards Merrill & Peterson Inc. now owns 4,239 shares of the CRM provider’s stock worth $1,123,000 after acquiring an additional 46 shares during the last quarter. Finally, Wright Investors Service Inc. boosted its holdings in Salesforce by 0.8% during the 4th quarter. Wright Investors Service Inc. now owns 6,186 shares of the CRM provider’s stock worth $1,639,000 after acquiring an additional 47 shares during the last quarter. Institutional investors own 80.43% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on CRM. Wolfe Research downgraded shares of Salesforce from an “outperform” rating to a “hold” rating in a report on Wednesday, July 1st. The Goldman Sachs Group started coverage on shares of Salesforce in a report on Thursday, June 18th. They set a “neutral” rating on the stock. Needham & Company LLC reaffirmed a “buy” rating on shares of Salesforce in a research report on Tuesday, June 16th. Daiwa Securities Group decreased their price objective on shares of Salesforce from $295.00 to $280.00 and set a “buy” rating for the company in a research note on Tuesday, June 2nd. Finally, Sanford C. Bernstein decreased their price objective on shares of Salesforce from $194.00 to $173.00 and set an “underperform” rating for the company in a research note on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Salesforce has an average rating of “Moderate Buy” and a consensus price target of $254.42.

Salesforce Trading Down 0.9%

Shares of Salesforce stock opened at $171.20 on Friday. Salesforce Inc. has a 1 year low of $146.32 and a 1 year high of $274.00. The firm has a market cap of $140.21 billion, a PE ratio of 19.82, a P/E/G ratio of 0.92 and a beta of 1.18. The stock has a fifty day moving average price of $170.64 and a 200-day moving average price of $191.20. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.79 and a quick ratio of 0.79.

Salesforce (NYSE:CRM) last released its earnings results on Wednesday, May 27th. The CRM provider reported $3.88 EPS for the quarter, topping analysts’ consensus estimates of $3.13 by $0.75. The company had revenue of $11.13 billion for the quarter, compared to analysts’ expectations of $11.05 billion. Salesforce had a return on equity of 18.72% and a net margin of 18.73%.The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the previous year, the business posted $2.58 EPS. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. Equities research analysts anticipate that Salesforce Inc. will post 10.29 EPS for the current year.

Salesforce Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Thursday, June 11th were given a $0.44 dividend. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $1.76 annualized dividend and a yield of 1.0%. Salesforce’s payout ratio is currently 20.37%.

Salesforce Profile

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.