Mitsubishi UFJ Asset Management Co. Ltd. Acquires New Stake in Salesforce Inc. $CRM

Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Salesforce Inc. (NYSE:CRM) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,078,620 shares of the CRM provider’s stock, valued at approximately $325,637,000.

Several other institutional investors also recently bought and sold shares of the company. Temasek Holdings Private Ltd grew its holdings in Salesforce by 3.7% during the 4th quarter. Temasek Holdings Private Ltd now owns 683,790 shares of the CRM provider’s stock worth $181,143,000 after acquiring an additional 24,332 shares in the last quarter. SFE Investment Counsel raised its holdings in shares of Salesforce by 82.7% in the 4th quarter. SFE Investment Counsel now owns 17,394 shares of the CRM provider’s stock valued at $4,608,000 after purchasing an additional 7,871 shares in the last quarter. Fluent Financial LLC purchased a new stake in shares of Salesforce during the 2nd quarter worth $2,265,000. Secured Retirement Advisors LLC purchased a new stake in shares of Salesforce during the 1st quarter worth $1,004,000. Finally, Janus Henderson Group PLC grew its stake in shares of Salesforce by 2.5% during the first quarter. Janus Henderson Group PLC now owns 127,739 shares of the CRM provider’s stock worth $23,846,000 after purchasing an additional 3,125 shares in the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on CRM shares. Susquehanna began coverage on Salesforce in a report on Wednesday, July 1st. They issued a “neutral” rating on the stock. Wall Street Zen cut Salesforce from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. B. Riley Financial increased their price objective on Salesforce from $205.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Wells Fargo & Company raised their target price on Salesforce from $200.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 12th. Finally, Jefferies Financial Group upgraded Salesforce from a “buy” rating to a “buy” rating in a research note on Wednesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, seventeen have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $249.05.

Salesforce Stock Down 2.6%

CRM opened at $191.20 on Tuesday. Salesforce Inc. has a one year low of $146.32 and a one year high of $269.11. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a market capitalization of $156.59 billion, a P/E ratio of 22.13, a price-to-earnings-growth ratio of 1.06 and a beta of 1.16. The business’s 50-day simple moving average is $171.58 and its 200-day simple moving average is $181.69.

Salesforce (NYSE:CRM) last announced its earnings results on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.13 by $0.75. The firm had revenue of $11.13 billion during the quarter, compared to analysts’ expectations of $11.05 billion. Salesforce had a return on equity of 18.72% and a net margin of 18.73%.The business’s revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.58 EPS. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. Analysts anticipate that Salesforce Inc. will post 10.27 EPS for the current year.

Salesforce Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, June 11th. Salesforce’s dividend payout ratio is presently 20.37%.

Salesforce Company Profile

Salesforce, founded in 1999 and headquartered in San Francisco, is a global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications. The company popularized the software-as-a-service (SaaS) model for CRM and has built a broad portfolio of products designed to help organizations manage sales, service, marketing, commerce and analytics through a unified, cloud-first platform.

Core offerings include Sales Cloud for sales automation, Service Cloud for customer support, Marketing Cloud for digital marketing and engagement, and Commerce Cloud for e-commerce.