Vanguard Personalized Indexing Management LLC Has $26.55 Million Holdings in Salesforce Inc. $CRM

Vanguard Personalized Indexing Management LLC lessened its position in shares of Salesforce Inc. (NYSE:CRM) by 6.7% in the third quarter, Holdings Channel.com reports. The firm owned 111,992 shares of the CRM provider’s stock after selling 8,050 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Salesforce were worth $26,548,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Avantax Advisory Services Inc. grew its stake in shares of Salesforce by 4.0% during the 2nd quarter. Avantax Advisory Services Inc. now owns 87,331 shares of the CRM provider’s stock worth $23,814,000 after acquiring an additional 3,387 shares in the last quarter. Grant Private Wealth Management Inc acquired a new position in Salesforce during the third quarter worth $1,458,000. Advyzon Investment Management LLC grew its position in Salesforce by 57.4% in the second quarter. Advyzon Investment Management LLC now owns 1,884 shares of the CRM provider’s stock valued at $514,000 after purchasing an additional 687 shares in the last quarter. CX Institutional increased its stake in Salesforce by 78.0% in the 3rd quarter. CX Institutional now owns 43,186 shares of the CRM provider’s stock valued at $10,235,000 after buying an additional 18,927 shares during the last quarter. Finally, Atalanta Sosnoff Capital LLC lifted its position in Salesforce by 8.5% during the 2nd quarter. Atalanta Sosnoff Capital LLC now owns 206,614 shares of the CRM provider’s stock worth $56,342,000 after buying an additional 16,176 shares in the last quarter. 80.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CRM. Truist Financial decreased their price objective on Salesforce from $400.00 to $380.00 and set a “buy” rating for the company in a report on Thursday, December 4th. Stifel Nicolaus reduced their price target on Salesforce from $325.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, October 9th. BMO Capital Markets lowered their price target on Salesforce from $280.00 to $275.00 and set an “outperform” rating on the stock in a research report on Thursday, December 4th. Canaccord Genuity Group reissued a “buy” rating and issued a $300.00 price objective on shares of Salesforce in a report on Thursday, December 4th. Finally, Wolfe Research reissued an “outperform” rating on shares of Salesforce in a research note on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Salesforce presently has a consensus rating of “Moderate Buy” and a consensus target price of $324.51.

Salesforce Trading Down 0.0%

CRM stock opened at $228.02 on Monday. Salesforce Inc. has a one year low of $218.96 and a one year high of $367.09. The stock has a market cap of $213.65 billion, a price-to-earnings ratio of 30.44, a price-to-earnings-growth ratio of 1.70 and a beta of 1.26. The company has a fifty day moving average price of $247.54 and a two-hundred day moving average price of $248.68. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.98 and a quick ratio of 0.98.

Salesforce (NYSE:CRM) last posted its earnings results on Wednesday, December 3rd. The CRM provider reported $3.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.86 by $0.39. The company had revenue of $10.26 billion during the quarter, compared to analysts’ expectations of $10.27 billion. Salesforce had a net margin of 17.91% and a return on equity of 14.41%. Salesforce’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.41 EPS. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. Equities analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Thursday, December 18th were issued a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, December 18th. Salesforce’s dividend payout ratio (DPR) is presently 22.16%.

Insiders Place Their Bets

In related news, Director Neelie Kroes sold 3,893 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $238.70, for a total transaction of $929,259.10. Following the transaction, the director directly owned 7,299 shares of the company’s stock, valued at approximately $1,742,271.30. This trade represents a 34.78% 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. Also, Director G Mason Morfit bought 96,000 shares of the firm’s stock in a transaction on Friday, December 5th. The shares were acquired at an average price of $260.58 per share, for a total transaction of $25,015,680.00. Following the transaction, the director owned 2,994,509 shares in the company, valued at approximately $780,309,155.22. This represents a 3.31% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold a total of 143,177 shares of company stock worth $33,714,069 over the last three months. 3.00% of the stock is currently owned by corporate insiders.

About Salesforce

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.