TD Asset Management Inc Buys 2,799 Shares of Salesforce Inc. $CRM

TD Asset Management Inc boosted its holdings in Salesforce Inc. (NYSE:CRM) by 0.4% during the second quarter, HoldingsChannel.com reports. The fund owned 775,613 shares of the CRM provider’s stock after purchasing an additional 2,799 shares during the period. TD Asset Management Inc’s holdings in Salesforce were worth $211,502,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Coign Capital Advisors LLC increased its stake in Salesforce by 1.7% in the first quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider’s stock valued at $586,000 after acquiring an additional 37 shares during the period. Staley Capital Advisers Inc. increased its stake in Salesforce by 1.1% in the first quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider’s stock valued at $897,000 after acquiring an additional 38 shares during the period. KDT Advisors LLC increased its stake in Salesforce by 4.1% in the first quarter. KDT Advisors LLC now owns 967 shares of the CRM provider’s stock valued at $260,000 after acquiring an additional 38 shares during the period. Liberty One Investment Management LLC increased its stake in Salesforce by 1.2% in the first quarter. Liberty One Investment Management LLC now owns 3,165 shares of the CRM provider’s stock valued at $849,000 after acquiring an additional 39 shares during the period. Finally, First Command Advisory Services Inc. increased its stake in Salesforce by 7.3% in the first quarter. First Command Advisory Services Inc. now owns 572 shares of the CRM provider’s stock valued at $154,000 after acquiring an additional 39 shares during the period. Institutional investors own 80.43% of the company’s stock.

Insider Activity at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $240.34, for a total value of $540,765.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at $2,862,826,974.14. This represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David Blair Kirk acquired 3,400 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The stock was acquired at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the acquisition, the director directly owned 3,824 shares of the company’s stock, valued at $973,819.84. This trade represents a 801.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 76,500 shares of company stock worth $19,049,130 over the last 90 days. 3.00% of the stock is currently owned by company insiders.

Salesforce Trading Up 2.9%

Shares of NYSE CRM opened at $248.77 on Tuesday. The company’s 50 day simple moving average is $244.61 and its 200 day simple moving average is $258.49. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00. The firm has a market capitalization of $236.83 billion, a P/E ratio of 36.16, a P/E/G ratio of 2.09 and a beta of 1.19. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12.

Salesforce (NYSE:CRM) last announced its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.13. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The business had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period in the prior year, the business posted $2.56 earnings per share. Salesforce’s revenue 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, analysts predict that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Wednesday, September 17th were issued a $0.416 dividend. 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 currently 24.13%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Barclays reduced their price target on shares of Salesforce from $347.00 to $316.00 and set an “overweight” rating on the stock in a research report on Monday, August 18th. Wells Fargo & Company reduced 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 report on Thursday, September 4th. BMO Capital Markets reduced their target price on shares of Salesforce from $335.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday, September 4th. KeyCorp reduced their target price on shares of Salesforce from $440.00 to $400.00 and set an “overweight” rating on the stock in a research report on Thursday, September 4th. Finally, Piper Sandler reduced their target price on shares of Salesforce from $335.00 to $315.00 and set an “overweight” rating on the stock in a research report on Thursday, September 4th. Twenty-six investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Salesforce presently has a consensus rating of “Moderate Buy” and an average target price of $331.89.

Salesforce Company 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.