Deutsche Bank AG Takes $630.39 Million Position in Salesforce Inc. $CRM

Deutsche Bank AG acquired a new stake in shares of Salesforce Inc. (NYSE:CRM) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,023,972 shares of the CRM provider’s stock, valued at approximately $630,395,000. Deutsche Bank AG owned about 0.49% of Salesforce at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Piper Sandler cut Salesforce from an “overweight” rating to a “neutral” rating in a report on Thursday, May 28th. Guggenheim raised Salesforce from a “neutral” rating to a “buy” rating and set a $228.00 price objective for the company in a report on Wednesday, July 1st. Erste Group Bank upgraded Salesforce from a “hold” rating to a “buy” rating in a research report on Wednesday, August 5th. Wedbush initiated coverage on Salesforce in a report on Wednesday, July 1st. They issued an “outperform” rating on the stock. Finally, B. Riley Financial raised their target price on Salesforce from $205.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, seventeen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $249.05.

Salesforce Trading Down 2.6%

Shares of Salesforce stock opened at $191.20 on Tuesday. Salesforce Inc. has a 1-year low of $146.32 and a 1-year high of $269.11. The company’s fifty day simple moving average is $171.58 and its 200-day simple moving average is $181.69. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a market capitalization of $156.59 billion, a PE ratio of 22.13, a P/E/G ratio of 1.06 and a beta of 1.16.

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

Salesforce Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Thursday, June 11th were given a $0.44 dividend. The ex-dividend date was Thursday, June 11th. This represents a $1.76 dividend on an annualized basis and a yield of 0.9%. Salesforce’s dividend payout ratio is presently 20.37%.

Salesforce 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.