Delta Investment Management LLC Has $525,000 Holdings in Salesforce Inc. $CRM

Delta Investment Management LLC lessened its holdings in Salesforce Inc. (NYSE:CRM) by 8.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,925 shares of the CRM provider’s stock after selling 176 shares during the period. Delta Investment Management LLC’s holdings in Salesforce were worth $525,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CRM. Painted Porch Advisors LLC lifted its stake in shares of Salesforce by 260.0% in the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock valued at $25,000 after purchasing an additional 65 shares during the last quarter. Capital A Wealth Management LLC lifted its stake in shares of Salesforce by 450.0% in the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock valued at $30,000 after purchasing an additional 90 shares during the last quarter. CBIZ Investment Advisory Services LLC lifted its stake in shares of Salesforce by 314.8% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock valued at $30,000 after purchasing an additional 85 shares during the last quarter. Abound Financial LLC acquired a new stake in shares of Salesforce in the 1st quarter valued at $31,000. Finally, Christopher J. Hasenberg Inc lifted its position in Salesforce by 383.3% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock worth $32,000 after acquiring an additional 92 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Canaccord Genuity Group cut their target price on shares of Salesforce from $350.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, September 4th. DA Davidson reissued a “neutral” rating and set a $225.00 target price on shares of Salesforce in a research report on Thursday, October 16th. JMP Securities reissued a “market outperform” rating and set a $430.00 target price on shares of Salesforce in a research report on Friday, October 17th. Wedbush reissued an “outperform” rating and set a $375.00 target price on shares of Salesforce in a research report on Thursday, October 16th. Finally, Citigroup boosted their target price on shares of Salesforce from $275.00 to $276.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 9th. Twenty-five 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.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $325.23.

Insiders Place Their Bets

In related news, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $259.01, for a total value of $582,772.50. Following the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at $3,085,216,004.71. The trade was a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 76,500 shares of company stock valued at $18,819,383 over the last quarter. Insiders own 3.00% of the company’s stock.

Salesforce Stock Down 0.0%

Shares of CRM opened at $254.93 on Monday. The company has a 50-day simple moving average of $246.53 and a 200-day simple moving average of $258.12. The firm has a market capitalization of $242.69 billion, a P/E ratio of 37.05, a P/E/G ratio of 2.14 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. Salesforce Inc. has a 52 week low of $226.48 and a 52 week high of $369.00.

Salesforce (NYSE:CRM) last announced its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. The business had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the prior 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. On average, equities research analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Wednesday, September 17th were paid a $0.416 dividend. 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 payout ratio is presently 24.13%.

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.