Intech Investment Management LLC Purchases 17,634 Shares of Salesforce Inc. $CRM

Intech Investment Management LLC raised its position in shares of Salesforce Inc. (NYSE:CRM) by 6.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 305,317 shares of the CRM provider’s stock after acquiring an additional 17,634 shares during the period. Salesforce makes up about 0.8% of Intech Investment Management LLC’s investment portfolio, making the stock its 15th largest position. Intech Investment Management LLC’s holdings in Salesforce were worth $81,935,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Coign Capital Advisors LLC increased its holdings in shares of Salesforce by 1.7% during the 1st quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider’s stock valued at $586,000 after purchasing an additional 37 shares in the last quarter. Staley Capital Advisers Inc. increased its holdings in 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 acquiring an additional 38 shares in the last quarter. KDT Advisors LLC increased its holdings in 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 acquiring an additional 38 shares in the last quarter. Liberty One Investment Management LLC increased its holdings in Salesforce by 1.2% in the 1st quarter. Liberty One Investment Management LLC now owns 3,165 shares of the CRM provider’s stock worth $849,000 after acquiring an additional 39 shares in the last quarter. Finally, First Command Advisory Services Inc. increased its holdings in Salesforce by 7.3% in the 1st quarter. First Command Advisory Services Inc. now owns 572 shares of the CRM provider’s stock worth $154,000 after acquiring an additional 39 shares in the last quarter. Institutional investors own 80.43% of the company’s stock.

Salesforce Trading Down 0.1%

NYSE CRM opened at $252.12 on Wednesday. The firm’s 50-day moving average is $254.82 and its two-hundred day moving average is $265.82. Salesforce Inc. has a 12 month low of $226.48 and a 12 month high of $369.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market capitalization of $240.02 billion, a P/E ratio of 36.65, a PEG ratio of 2.30 and a beta of 1.22.

Salesforce (NYSE:CRM) last posted its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The company had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter in the prior year, the company posted $2.56 earnings per share. Salesforce’s revenue for the quarter was up 9.8% compared to the same quarter last year. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. On average, sell-side analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th will be given a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 17th. Salesforce’s dividend payout ratio is currently 24.13%.

Insider Activity at Salesforce

In other news, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $257.02, for a total value of $578,295.00. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $3,061,511,978.42. This trade represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 68,327 shares of company stock valued at $17,450,793 over the last ninety days. Company insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on CRM. Erste Group Bank lowered shares of Salesforce from a “buy” rating to a “hold” rating in a report on Thursday, June 5th. Barclays lowered their target price on shares of Salesforce from $347.00 to $316.00 and set an “overweight” rating on the stock in a research note on Monday, August 18th. Bank of America lowered their target price on shares of Salesforce from $350.00 to $325.00 and set a “buy” rating on the stock in a research note on Tuesday, August 26th. Wells Fargo & Company lowered their target price on shares of Salesforce from $275.00 to $265.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 4th. Finally, Macquarie reaffirmed a “neutral” rating and set a $290.00 target price on shares of Salesforce in a research note on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $332.58.

About Salesforce

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.