Westfield Capital Management Co. LP Decreases Stock Position in Salesforce Inc. $CRM

Westfield Capital Management Co. LP cut its stake in shares of Salesforce Inc. (NYSE:CRM) by 17.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 647,474 shares of the CRM provider’s stock after selling 135,455 shares during the quarter. Westfield Capital Management Co. LP owned 0.07% of Salesforce worth $176,560,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of CRM. Nuveen LLC bought a new stake in Salesforce in the 1st quarter worth $2,039,196,000. Acadian Asset Management LLC increased its holdings in Salesforce by 1,729.6% during the 2nd quarter. Acadian Asset Management LLC now owns 1,973,141 shares of the CRM provider’s stock valued at $538,020,000 after purchasing an additional 1,865,297 shares during the period. Longview Partners Guernsey LTD bought a new position in Salesforce during the 1st quarter valued at approximately $467,944,000. Pacer Advisors Inc. grew its position in shares of Salesforce by 1,744.0% in the 1st quarter. Pacer Advisors Inc. now owns 1,820,262 shares of the CRM provider’s stock worth $488,486,000 after buying an additional 1,721,550 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Salesforce by 1.6% during the first quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock valued at $23,592,501,000 after buying an additional 1,383,942 shares during the period. 80.43% of the stock is owned by hedge funds and other institutional investors.

Salesforce Trading Down 2.5%

Salesforce stock opened at $227.59 on Thursday. Salesforce Inc. has a 12 month low of $225.06 and a 12 month high of $369.00. The company has a market capitalization of $216.67 billion, a price-to-earnings ratio of 33.08, a price-to-earnings-growth ratio of 2.11 and a beta of 1.19. The business’s fifty day simple moving average is $245.53 and its two-hundred day simple moving average is $256.75. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM) last issued its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.13. The firm had revenue of $10.24 billion during 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 company’s revenue was up 9.8% on a year-over-year basis. During the same period last year, the company 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. As a group, equities analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th were paid 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 currently 24.13%.

Analyst Ratings Changes

A number of research analysts have issued reports on CRM shares. Wells Fargo & Company reduced their price objective on shares of Salesforce from $275.00 to $265.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 4th. Piper Sandler reiterated an “overweight” rating and set a $315.00 price target on shares of Salesforce in a research report on Thursday, October 16th. Needham & Company LLC restated a “buy” rating and issued a $400.00 price objective on shares of Salesforce in a report on Thursday, October 16th. JMP Securities reiterated a “market outperform” rating and set a $430.00 target price on shares of Salesforce in a report on Friday, October 17th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Salesforce from $400.00 to $340.00 and set a “buy” rating for the company in a research note on Thursday, September 4th. Twenty-five analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $323.51.

Insider Activity at Salesforce

In related news, CEO Marc Benioff sold 122 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $259.00, for a total transaction of $31,598.00. Following the completion of the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at $3,085,096,889. This trade represents a 0.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 63,122 shares of company stock worth $15,615,413 in the last 90 days. Corporate insiders own 3.00% of the company’s stock.

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.