Generali Investments Management Co LLC Increases Holdings in Salesforce Inc. $CRM

Generali Investments Management Co LLC boosted its position in shares of Salesforce Inc. (NYSE:CRM) by 23.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,115 shares of the CRM provider’s stock after purchasing an additional 2,508 shares during the quarter. Generali Investments Management Co LLC’s holdings in Salesforce were worth $3,571,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Cannon Advisors Inc. purchased a new position in shares of Salesforce during the second quarter valued at $262,000. Westpac Banking Corp increased its position in Salesforce by 32.4% during the 2nd quarter. Westpac Banking Corp now owns 13,946 shares of the CRM provider’s stock valued at $3,803,000 after purchasing an additional 3,411 shares during the period. Integrated Quantitative Investments LLC bought a new stake in shares of Salesforce in the 2nd quarter valued at about $1,162,000. ANB Bank lifted its position in shares of Salesforce by 25.6% in the 2nd quarter. ANB Bank now owns 4,849 shares of the CRM provider’s stock worth $1,322,000 after purchasing an additional 987 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its stake in shares of Salesforce by 12.3% during the second quarter. Crossmark Global Holdings Inc. now owns 137,368 shares of the CRM provider’s stock valued at $37,459,000 after purchasing an additional 15,071 shares in the last quarter. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CRM shares. Northland Capmk downgraded shares of Salesforce from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 14th. Wedbush reissued an “outperform” rating and issued a $375.00 price target on shares of Salesforce in a research report on Thursday, October 16th. Royal Bank Of Canada dropped their price objective on Salesforce from $275.00 to $250.00 and set a “sector perform” rating on the stock in a research report on Thursday, September 4th. Barclays cut their target price on Salesforce from $347.00 to $316.00 and set an “overweight” rating on the stock in a research note on Monday, August 18th. Finally, Piper Sandler restated an “overweight” rating and issued a $315.00 price target on shares of Salesforce in a report on Thursday, October 16th. Twenty-five investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $325.23.

Salesforce Price Performance

NYSE CRM opened at $243.86 on Friday. The company has a market cap of $232.16 billion, a price-to-earnings ratio of 35.45, a PEG ratio of 2.11 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. The stock’s fifty day moving average price is $246.51 and its 200 day moving average price is $257.56. Salesforce Inc. has a 1 year low of $226.48 and a 1 year high of $369.00.

Salesforce (NYSE:CRM) last posted its quarterly 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 business 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%.The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.56 EPS. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. As a group, equities research analysts forecast that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th were paid a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, September 17th. Salesforce’s payout ratio is presently 24.13%.

Insider Activity at Salesforce

In other news, CEO Marc Benioff sold 122 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $259.00, for a total value of $31,598.00. Following the sale, the chief executive officer owned 11,911,571 shares in the company, valued at $3,085,096,889. This represents a 0.00% 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. Over the last quarter, insiders have sold 67,622 shares of company stock valued at $16,714,561. 3.00% of the stock is owned by corporate insiders.

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.