Rosenberg Matthew Hamilton Cuts Holdings in Salesforce Inc. $CRM

Rosenberg Matthew Hamilton trimmed its holdings in shares of Salesforce Inc. (NYSE:CRM) by 12.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 292 shares of the CRM provider’s stock after selling 41 shares during the period. Rosenberg Matthew Hamilton’s holdings in Salesforce were worth $80,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CRM. Nuveen LLC purchased a new stake in Salesforce during the 1st quarter valued at $2,039,196,000. Longview Partners Guernsey LTD purchased a new stake in Salesforce during the 1st quarter valued at $467,944,000. Pacer Advisors Inc. boosted its stake in Salesforce by 1,744.0% during the 1st quarter. Pacer Advisors Inc. now owns 1,820,262 shares of the CRM provider’s stock valued at $488,486,000 after purchasing an additional 1,721,550 shares during the last quarter. Vanguard Group Inc. boosted its stake in Salesforce by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock valued at $23,592,501,000 after purchasing an additional 1,383,942 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. purchased a new position in shares of Salesforce in the 1st quarter worth $345,100,000. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Salesforce Price Performance

NYSE CRM opened at $245.09 on Friday. The company has a market capitalization of $233.33 billion, a PE ratio of 35.62, a price-to-earnings-growth ratio of 2.04 and a beta of 1.19. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. The business’s fifty day moving average is $244.31 and its 200 day moving average is $258.05. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00.

Salesforce (NYSE:CRM) last released its earnings results 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. The company had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.Salesforce’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.56 earnings per share. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Sell-side analysts predict 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 was paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th were issued a dividend of $0.416 per share. The ex-dividend date of this dividend was Wednesday, September 17th. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. Salesforce’s dividend payout ratio (DPR) is currently 24.13%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CRM shares. Wedbush restated an “outperform” rating and issued a $375.00 price target on shares of Salesforce in a research note on Thursday. Barclays dropped their price target on Salesforce from $347.00 to $316.00 and set an “overweight” rating on the stock in a research note on Monday, August 18th. Deutsche Bank Aktiengesellschaft dropped their price target on Salesforce from $400.00 to $340.00 and set a “buy” rating on the stock in a research note on Thursday, September 4th. UBS Group dropped their price target on Salesforce from $300.00 to $260.00 and set a “neutral” rating on the stock in a research note on Monday, August 18th. Finally, Macquarie restated a “neutral” rating and issued a $250.00 price target on shares of Salesforce in a research note on Thursday. Twenty-five investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $325.23.

Insider Buying and Selling

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $238.37, for a total transaction of $536,332.50. Following the sale, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $2,839,361,179.27. This trade represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 78,750 shares of company stock worth $19,521,495 over the last quarter. 3.00% of the stock is owned by company insiders.

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.