Ilmarinen Mutual Pension Insurance Co Acquires 6,000 Shares of Salesforce Inc. $CRM

Ilmarinen Mutual Pension Insurance Co grew its holdings in Salesforce Inc. (NYSE:CRM) by 4.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 156,000 shares of the CRM provider’s stock after purchasing an additional 6,000 shares during the period. Ilmarinen Mutual Pension Insurance Co’s holdings in Salesforce were worth $41,864,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. AIA Group Ltd increased its position in Salesforce by 8.0% during the 1st quarter. AIA Group Ltd now owns 32,885 shares of the CRM provider’s stock worth $8,825,000 after purchasing an additional 2,436 shares in the last quarter. Notis McConarty Edward lifted its stake in shares of Salesforce by 71.6% in the 1st quarter. Notis McConarty Edward now owns 3,844 shares of the CRM provider’s stock valued at $1,032,000 after acquiring an additional 1,604 shares during the last quarter. Aberdeen Group plc boosted its holdings in shares of Salesforce by 1.5% during the 1st quarter. Aberdeen Group plc now owns 1,036,482 shares of the CRM provider’s stock valued at $274,802,000 after acquiring an additional 15,782 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. grew its position in Salesforce by 43.0% during the 1st quarter. Leith Wheeler Investment Counsel Ltd. now owns 104,834 shares of the CRM provider’s stock worth $28,133,000 after acquiring an additional 31,537 shares during the last quarter. Finally, Alecta Tjanstepension Omsesidigt grew its position in Salesforce by 121.9% during the 1st quarter. Alecta Tjanstepension Omsesidigt now owns 355,000 shares of the CRM provider’s stock worth $95,222,000 after acquiring an additional 195,000 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.

Wall Street Analyst Weigh In

CRM has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft lowered their price objective on Salesforce from $400.00 to $340.00 and set a “buy” rating for the company in a research note on Thursday, September 4th. Canaccord Genuity Group decreased their price target on Salesforce from $350.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, September 4th. Wells Fargo & Company cut their price objective on Salesforce from $275.00 to $265.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 4th. Mizuho decreased their target price on shares of Salesforce from $425.00 to $380.00 and set an “outperform” rating for the company in a research report on Thursday, May 15th. Finally, BMO Capital Markets reduced their price objective on shares of Salesforce from $335.00 to $280.00 and set an “outperform” rating on the stock in a research note on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have issued 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 an average target price of $332.58.

Salesforce Price Performance

CRM stock opened at $252.12 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. The company’s 50-day moving average is $254.82 and its 200-day moving average is $265.82. The stock has a market capitalization of $240.02 billion, a PE ratio of 36.65, a price-to-earnings-growth ratio of 2.30 and a beta of 1.22. Salesforce Inc. has a 1 year low of $226.48 and a 1 year high of $369.00.

Salesforce (NYSE:CRM) last posted its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.13. The business had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the prior year, the business earned $2.56 EPS. 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 expect that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th will be paid a dividend of $0.416 per share. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, September 17th. Salesforce’s payout ratio is 24.13%.

Insider Activity at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $251.12, for a total value of $565,020.00. Following the sale, the chief executive officer owned 11,911,571 shares in the company, valued at $2,991,233,709.52. This represents a 0.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 68,327 shares of company stock worth $17,450,793 over the last ninety days. Insiders own 3.00% of the company’s stock.

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.