Salesforce, Inc. (NYSE:CRM) Stock Holdings Increased by Mattson Financial Services LLC

Mattson Financial Services LLC lifted its stake in shares of Salesforce, Inc. (NYSE:CRM) by 43,625.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,498 shares of the CRM provider’s stock after purchasing an additional 3,490 shares during the quarter. Mattson Financial Services LLC’s holdings in Salesforce were worth $1,169,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CRM. Norges Bank bought a new stake in Salesforce during the fourth quarter worth approximately $3,599,867,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of Salesforce by 926.4% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,256,211 shares of the CRM provider’s stock valued at $1,422,979,000 after acquiring an additional 3,841,521 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Salesforce during the 4th quarter valued at $1,173,564,000. Invesco Ltd. boosted its stake in shares of Salesforce by 42.5% during the 4th quarter. Invesco Ltd. now owns 7,791,015 shares of the CRM provider’s stock worth $2,604,770,000 after acquiring an additional 2,325,156 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Salesforce by 18.3% in the 4th quarter. Northern Trust Corp now owns 11,224,927 shares of the CRM provider’s stock worth $3,752,830,000 after acquiring an additional 1,736,667 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.

Insider Transactions at Salesforce

In other Salesforce news, insider Srinivas Tallapragada sold 6,697 shares of the firm’s stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $295.00, for a total value of $1,975,615.00. Following the transaction, the insider now directly owns 41,422 shares of the company’s stock, valued at $12,219,490. This trade represents a 13.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider R David Schmaier sold 6,959 shares of the company’s stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $253.31, for a total value of $1,762,784.29. Following the sale, the insider now owns 36,090 shares of the company’s stock, valued at $9,141,957.90. The trade was a 16.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,553 shares of company stock worth $12,897,323. Company insiders own 3.20% of the company’s stock.

Salesforce Stock Performance

Shares of CRM stock opened at $276.93 on Wednesday. Salesforce, Inc. has a one year low of $212.00 and a one year high of $369.00. The stock has a market cap of $266.24 billion, a P/E ratio of 45.55, a P/E/G ratio of 2.58 and a beta of 1.42. The company has a fifty day moving average price of $268.29 and a two-hundred day moving average price of $306.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.11.

Salesforce Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Stockholders of record on Thursday, April 10th were given a $0.42 dividend. This is an increase from Salesforce’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.68 annualized dividend and a dividend yield of 0.61%. Salesforce’s dividend payout ratio is presently 26.10%.

Analysts Set New Price Targets

CRM has been the topic of several research analyst reports. Scotiabank lowered their price objective on shares of Salesforce from $400.00 to $345.00 and set a “sector outperform” rating on the stock in a research report on Monday, March 17th. DA Davidson reaffirmed an “underperform” rating and issued a $200.00 target price on shares of Salesforce in a research report on Monday, April 21st. Guggenheim upgraded Salesforce from a “sell” rating to a “neutral” rating in a report on Monday, April 21st. Jefferies Financial Group reduced their price objective on Salesforce from $425.00 to $375.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Finally, Robert W. Baird decreased their price objective on Salesforce from $430.00 to $400.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have issued a buy rating and five have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $349.87.

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.