Suncoast Equity Management Has $36.37 Million Holdings in Salesforce Inc. $CRM

Suncoast Equity Management lowered its stake in Salesforce Inc. (NYSE:CRM) by 0.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 133,378 shares of the CRM provider’s stock after selling 511 shares during the quarter. Salesforce makes up 3.7% of Suncoast Equity Management’s investment portfolio, making the stock its 10th largest position. Suncoast Equity Management’s holdings in Salesforce were worth $36,371,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of the business. Sienna Gestion boosted its position in shares of Salesforce by 10.6% during the 2nd quarter. Sienna Gestion now owns 48,728 shares of the CRM provider’s stock valued at $12,131,000 after acquiring an additional 4,653 shares during the last quarter. Andra AP fonden boosted its position in shares of Salesforce by 34.4% during the 2nd quarter. Andra AP fonden now owns 174,145 shares of the CRM provider’s stock valued at $47,488,000 after acquiring an additional 44,600 shares during the last quarter. Ethos Financial Group LLC boosted its position in shares of Salesforce by 173.3% during the 2nd quarter. Ethos Financial Group LLC now owns 1,932 shares of the CRM provider’s stock valued at $527,000 after acquiring an additional 1,225 shares during the last quarter. Resona Asset Management Co. Ltd. boosted its position in shares of Salesforce by 5.7% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 326,826 shares of the CRM provider’s stock valued at $89,160,000 after acquiring an additional 17,487 shares during the last quarter. Finally, Atlantic Union Bankshares Corp boosted its position in shares of Salesforce by 101.0% during the 2nd quarter. Atlantic Union Bankshares Corp now owns 54,944 shares of the CRM provider’s stock valued at $14,983,000 after acquiring an additional 27,603 shares during the last quarter. Institutional investors own 80.43% of the company’s stock.

Salesforce Price Performance

Shares of Salesforce stock opened at $252.82 on Thursday. 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 business’s 50 day simple moving average is $248.05 and its two-hundred day simple moving average is $258.26. The stock has a market capitalization of $240.68 billion, a P/E ratio of 36.75, a price-to-earnings-growth ratio of 2.11 and a beta of 1.19. Salesforce Inc. has a one year low of $226.48 and a one year high of $369.00.

Salesforce (NYSE:CRM) last announced its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.13. The business had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm 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. Analysts forecast that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

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

Insider Buying and Selling

In other Salesforce news, Director David Blair Kirk bought 3,400 shares of Salesforce stock in a transaction dated Tuesday, September 9th. The shares were purchased at an average cost of $254.66 per share, with a total value of $865,844.00. Following the completion of the purchase, the director owned 3,824 shares of the company’s stock, valued at approximately $973,819.84. This represents a 801.89% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $251.66, for a total value of $566,235.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at $2,997,665,957.86. This trade represents a 0.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 76,622 shares of company stock worth $18,858,631 over the last ninety days. Insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

CRM has been the subject of a number of research analyst reports. Northland Capmk downgraded Salesforce from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 14th. BMO Capital Markets decreased their price objective on Salesforce from $335.00 to $280.00 and set an “outperform” rating on the stock in a report on Thursday, September 4th. Oppenheimer decreased their price objective on Salesforce from $370.00 to $315.00 and set an “outperform” rating on the stock in a report on Tuesday, August 26th. Royal Bank Of Canada decreased their price objective on Salesforce from $275.00 to $250.00 and set a “sector perform” rating on the stock in a report on Thursday, September 4th. Finally, JPMorgan Chase & Co. decreased their price objective on Salesforce from $380.00 to $365.00 and set an “overweight” rating on the stock in a report on Thursday, September 4th. Twenty-five research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $325.23.

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.