PKO Investment Management Joint Stock Co Has $6 Million Holdings in Salesforce Inc. $CRM

PKO Investment Management Joint Stock Co grew its holdings in Salesforce Inc. (NYSE:CRM) by 46.7% during the second quarter, Holdings Channel.com reports. The firm owned 22,000 shares of the CRM provider’s stock after acquiring an additional 7,000 shares during the quarter. PKO Investment Management Joint Stock Co’s holdings in Salesforce were worth $5,999,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Sage Mountain Advisors LLC grew its position in shares of Salesforce by 9.5% in the 2nd quarter. Sage Mountain Advisors LLC now owns 4,805 shares of the CRM provider’s stock valued at $1,310,000 after acquiring an additional 415 shares during the period. Lee Danner & Bass Inc. bought a new position in shares of Salesforce in the 2nd quarter valued at about $5,377,000. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Salesforce by 6.8% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,724,424 shares of the CRM provider’s stock valued at $742,923,000 after acquiring an additional 173,447 shares during the period. West Michigan Advisors LLC grew its position in shares of Salesforce by 551.1% in the 2nd quarter. West Michigan Advisors LLC now owns 13,419 shares of the CRM provider’s stock valued at $3,660,000 after acquiring an additional 11,358 shares during the period. Finally, First Business Financial Services Inc. bought a new position in shares of Salesforce in the 2nd quarter valued at about $1,166,000. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Salesforce Trading Down 0.0%

Shares of Salesforce stock opened at $254.93 on Friday. The firm has a market capitalization of $242.69 billion, a PE ratio of 37.05, a price-to-earnings-growth ratio of 2.14 and a beta of 1.19. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. The firm’s 50 day moving average is $246.53 and its 200 day moving average is $258.07. Salesforce Inc. has a 1 year low of $226.48 and a 1 year high of $369.00.

Salesforce (NYSE:CRM) last announced its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.13. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The company had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period in the previous year, the firm posted $2.56 EPS. The firm’s revenue was up 9.8% on a year-over-year basis. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Equities research analysts forecast that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

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

Insider Buying and Selling at Salesforce

In other Salesforce news, Director David Blair Kirk acquired 3,400 shares of the stock in a transaction on Tuesday, September 9th. The shares were purchased at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the acquisition, the director owned 3,824 shares in the company, valued at approximately $973,819.84. This represents a 801.89% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $246.07, for a total transaction of $553,657.50. Following the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $2,931,080,275.97. The trade was a 0.02% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 78,750 shares of company stock worth $19,424,880. 3.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on CRM. Barclays reduced their target price on shares of Salesforce from $347.00 to $316.00 and set an “overweight” rating for the company in a report on Monday, August 18th. Morgan Stanley lifted their target price on shares of Salesforce from $404.00 to $405.00 and gave the stock an “overweight” rating in a report on Tuesday, September 2nd. Macquarie reaffirmed a “neutral” rating and set a $250.00 target price on shares of Salesforce in a report on Thursday, October 16th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Salesforce from $400.00 to $340.00 and set a “buy” rating for the company in a research note on Thursday, September 4th. Finally, Oppenheimer dropped their price objective on shares of Salesforce from $370.00 to $315.00 and set an “outperform” rating for the company in a research note on Tuesday, August 26th. Twenty-five analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $325.23.

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.