Salesforce, Inc. (NYSE:CRM) Shares Purchased by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. raised its holdings in Salesforce, Inc. (NYSE:CRM) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 570,423 shares of the CRM provider’s stock after purchasing an additional 5,506 shares during the quarter. Royal London Asset Management Ltd. owned about 0.06% of Salesforce worth $190,710,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in CRM. Arlington Trust Co LLC raised its stake in Salesforce by 85.1% during the 4th quarter. Arlington Trust Co LLC now owns 87 shares of the CRM provider’s stock valued at $29,000 after acquiring an additional 40 shares during the last quarter. Compass Financial Services Inc purchased a new stake in shares of Salesforce during the fourth quarter worth approximately $30,000. Asset Planning Inc purchased a new stake in shares of Salesforce during the fourth quarter worth approximately $31,000. Collier Financial acquired a new stake in shares of Salesforce during the fourth quarter worth $32,000. Finally, Infrastructure Capital Advisors LLC purchased a new position in Salesforce in the 3rd quarter valued at $27,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on CRM shares. Wells Fargo & Company reduced their target price on shares of Salesforce from $345.00 to $310.00 and set an “equal weight” rating for the company in a research note on Thursday, February 27th. Royal Bank of Canada raised their price objective on shares of Salesforce from $300.00 to $420.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Oppenheimer cut their target price on Salesforce from $415.00 to $380.00 and set an “outperform” rating for the company in a research note on Thursday, February 27th. Stifel Nicolaus decreased their price target on Salesforce from $425.00 to $375.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Finally, Barclays increased their price objective on Salesforce from $415.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have given a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $362.74.

Salesforce Trading Up 0.3 %

NYSE CRM opened at $279.44 on Thursday. The company has a market cap of $268.54 billion, a P/E ratio of 45.96, a P/E/G ratio of 2.58 and a beta of 1.35. Salesforce, Inc. has a 12 month low of $212.00 and a 12 month high of $369.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.11. The company has a 50-day moving average of $315.19 and a 200-day moving average of $309.50.

Insider Buying and Selling

In other Salesforce news, CFO Amy E. Weaver sold 6,221 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $277.37, for a total transaction of $1,725,518.77. Following the completion of the sale, the chief financial officer now directly owns 46,750 shares in the company, valued at $12,967,047.50. This represents a 11.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director G Mason Morfit sold 15,353 shares of Salesforce stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $340.55, for a total value of $5,228,464.15. Following the completion of the transaction, the director now directly owns 2,898,509 shares in the company, valued at $987,087,239.95. This represents a 0.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 75,609 shares of company stock valued at $24,920,821. Insiders own 3.20% of the company’s stock.

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.