University of Texas Texas AM Investment Management Co. Buys 5,800 Shares of Salesforce Inc. $CRM

University of Texas Texas AM Investment Management Co. increased its stake in Salesforce Inc. (NYSE:CRM) by 480.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,008 shares of the CRM provider’s stock after acquiring an additional 5,800 shares during the quarter. University of Texas Texas AM Investment Management Co.’s holdings in Salesforce were worth $1,911,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Strait & Sound Wealth Management LLC grew its position in Salesforce by 11.4% in the 2nd quarter. Strait & Sound Wealth Management LLC now owns 4,153 shares of the CRM provider’s stock valued at $1,133,000 after purchasing an additional 424 shares during the period. Cabot Wealth Management Inc. grew its position in Salesforce by 1.1% in the 2nd quarter. Cabot Wealth Management Inc. now owns 11,103 shares of the CRM provider’s stock valued at $3,028,000 after purchasing an additional 122 shares during the period. Brighton Jones LLC grew its position in Salesforce by 16.3% in the 2nd quarter. Brighton Jones LLC now owns 32,209 shares of the CRM provider’s stock valued at $8,783,000 after purchasing an additional 4,509 shares during the period. Stegent Equity Advisors Inc. grew its position in Salesforce by 28.3% in the 2nd quarter. Stegent Equity Advisors Inc. now owns 1,562 shares of the CRM provider’s stock valued at $426,000 after purchasing an additional 345 shares during the period. Finally, Linden Thomas Advisory Services LLC grew its position in Salesforce by 0.7% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 20,996 shares of the CRM provider’s stock valued at $5,725,000 after purchasing an additional 136 shares during the period. Institutional investors and hedge funds own 80.43% of the company’s stock.

Insider Activity at Salesforce

In related news, Director David Blair Kirk acquired 3,400 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The shares were bought at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the transaction, the director owned 3,824 shares in the company, valued at approximately $973,819.84. This trade represents a 801.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Marc Benioff sold 2,250 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were 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 $2,931,080,275.97. The trade was a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 78,750 shares of company stock worth $19,424,880. 3.00% of the stock is owned by company insiders.

Salesforce Trading Down 0.0%

Shares of CRM opened at $254.93 on Friday. The business’s 50-day moving average price is $246.53 and its 200-day moving average price is $258.17. Salesforce Inc. has a twelve month low of $226.48 and a twelve month high of $369.00. The stock has a market cap of $242.69 billion, a PE ratio of 37.05, a P/E/G ratio of 2.14 and a beta of 1.19. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14.

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

Salesforce Announces Dividend

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

Analyst Ratings Changes

CRM has been the subject of several research reports. BMO Capital Markets reduced their price target on shares of Salesforce from $335.00 to $280.00 and set an “outperform” rating for the company in a research report on Thursday, September 4th. JPMorgan Chase & Co. cut their price objective on shares of Salesforce from $380.00 to $365.00 and set an “overweight” rating on the stock in a report on Thursday, September 4th. Roth Capital reaffirmed a “buy” rating and set a $395.00 price objective on shares of Salesforce in a report on Thursday, September 4th. KeyCorp cut their price objective on shares of Salesforce from $440.00 to $400.00 and set an “overweight” rating on the stock in a report on Thursday, September 4th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Salesforce in a report on Tuesday, October 14th. Twenty-five analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $325.23.

Salesforce Profile

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.