Nissay Asset Management Corp Japan ADV Has $38.88 Million Position in Salesforce, Inc. (NYSE:CRM)

Nissay Asset Management Corp Japan ADV lowered its holdings in Salesforce, Inc. (NYSE:CRM) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 114,874 shares of the CRM provider’s stock after selling 1,566 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Salesforce were worth $38,879,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Regent Peak Wealth Advisors LLC increased its holdings in shares of Salesforce by 3.6% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 2,447 shares of the CRM provider’s stock valued at $818,000 after purchasing an additional 84 shares in the last quarter. Capital Investment Advisors LLC raised its position in shares of Salesforce by 1.6% during the fourth quarter. Capital Investment Advisors LLC now owns 6,745 shares of the CRM provider’s stock worth $2,255,000 after acquiring an additional 106 shares during the last quarter. Claro Advisors LLC raised its position in shares of Salesforce by 2.2% during the fourth quarter. Claro Advisors LLC now owns 5,598 shares of the CRM provider’s stock worth $1,872,000 after acquiring an additional 122 shares during the last quarter. Persium Advisors LLC bought a new stake in shares of Salesforce during the fourth quarter worth $608,000. Finally, Consilio Wealth Advisors LLC raised its position in shares of Salesforce by 5.4% during the fourth quarter. Consilio Wealth Advisors LLC now owns 1,096 shares of the CRM provider’s stock worth $366,000 after acquiring an additional 56 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.

Salesforce Stock Performance

Shares of CRM opened at $289.18 on Wednesday. Salesforce, Inc. has a 12 month low of $212.00 and a 12 month high of $369.00. The firm has a fifty day simple moving average of $267.33 and a 200 day simple moving average of $307.23. The stock has a market capitalization of $278.01 billion, a price-to-earnings ratio of 47.56, a PEG ratio of 2.58 and a beta of 1.42. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.14.

Salesforce Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 24th. Stockholders of record on Thursday, April 10th were issued a $0.42 dividend. This is a boost from Salesforce’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, April 10th. This represents a $1.68 annualized dividend and a dividend yield of 0.58%. Salesforce’s dividend payout ratio (DPR) is presently 26.10%.

Insider Activity

In other Salesforce news, CAO Sundeep G. Reddy sold 1,909 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $284.58, for a total transaction of $543,263.22. Following the sale, the chief accounting officer now directly owns 11,310 shares of the company’s stock, valued at approximately $3,218,599.80. This represents a 14.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Miguel Milano sold 458 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $307.97, for a total transaction of $141,050.26. Following the sale, the insider now directly owns 5,864 shares in the company, valued at $1,805,936.08. This trade represents a 7.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,830 shares of company stock worth $12,907,361 in the last quarter. Corporate insiders own 3.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CRM shares. Guggenheim upgraded Salesforce from a “sell” rating to a “neutral” rating in a research report on Monday, April 21st. Robert W. Baird cut their target price on shares of Salesforce from $430.00 to $400.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. Morgan Stanley cut their target price on shares of Salesforce from $405.00 to $393.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Oppenheimer reduced their price objective on shares of Salesforce from $415.00 to $380.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. Finally, Stifel Nicolaus reduced their price objective on shares of Salesforce from $425.00 to $375.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-two have assigned a buy rating and five have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $350.56.

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.