Canada Pension Plan Investment Board Has $465.87 Million Holdings in Salesforce, Inc. (NYSE:CRM)

Canada Pension Plan Investment Board lessened its position in Salesforce, Inc. (NYSE:CRM) by 30.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,393,447 shares of the CRM provider’s stock after selling 605,974 shares during the quarter. Canada Pension Plan Investment Board owned about 0.15% of Salesforce worth $465,871,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CRM. Bernard Wealth Management Corp. bought a new stake in Salesforce in the 4th quarter valued at $25,000. Arlington Trust Co LLC increased its stake in Salesforce by 85.1% in the fourth 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 period. Compass Financial Services Inc acquired a new position in Salesforce in the fourth quarter worth about $30,000. Asset Planning Inc acquired a new position in Salesforce in the fourth quarter worth about $31,000. Finally, Collier Financial bought a new position in Salesforce during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

Salesforce Trading Down 2.1 %

NYSE:CRM opened at $249.50 on Thursday. The business’s 50-day simple moving average is $284.38 and its 200-day simple moving average is $309.74. Salesforce, Inc. has a fifty-two week low of $212.00 and a fifty-two week 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 stock has a market capitalization of $239.77 billion, a PE ratio of 41.04, a price-to-earnings-growth ratio of 2.58 and a beta of 1.38.

Salesforce Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 10th will be given a dividend of $0.42 per share. This is an increase from Salesforce’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 10th. This represents a $1.68 annualized dividend and a dividend yield of 0.67%. Salesforce’s dividend payout ratio is currently 26.10%.

Insider Buying and Selling

In other news, CAO Sundeep G. Reddy sold 436 shares of the business’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $332.28, for a total value of $144,874.08. Following the sale, the chief accounting officer now directly owns 7,057 shares in the company, valued at $2,344,899.96. The trade was a 5.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Oscar Munoz acquired 3,882 shares of the firm’s stock in a transaction that occurred on Thursday, April 3rd. The shares were purchased at an average price of $257.28 per share, with a total value of $998,760.96. Following the completion of the acquisition, the director now owns 11,843 shares of the company’s stock, valued at $3,046,967.04. This represents a 48.76 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 39,439 shares of company stock worth $12,043,153 over the last ninety days. Company insiders own 3.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on CRM shares. Redburn Atlantic assumed coverage on Salesforce in a research report on Wednesday, February 19th. They set a “buy” rating for the company. Morgan Stanley reduced their target price on shares of Salesforce from $405.00 to $393.00 and set an “overweight” rating on the stock in a research note on Wednesday. Citigroup reiterated a “buy” rating on shares of Salesforce in a research report on Wednesday, March 19th. Oppenheimer reduced their price target on shares of Salesforce from $415.00 to $380.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. Finally, Macquarie restated a “neutral” rating and set a $320.00 price target on shares of Salesforce in a research report on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirty have assigned a buy rating and five have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $360.32.

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.