Winslow Capital Management LLC Sells 724,107 Shares of Salesforce Inc. $CRM

Winslow Capital Management LLC lowered its position in shares of Salesforce Inc. (NYSE:CRM) by 99.9% in the second quarter, HoldingsChannel reports. The firm owned 944 shares of the CRM provider’s stock after selling 724,107 shares during the period. Winslow Capital Management LLC’s holdings in Salesforce were worth $257,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. bLong Financial LLC boosted its position in Salesforce by 1.7% in the second quarter. bLong Financial LLC now owns 4,904 shares of the CRM provider’s stock valued at $1,337,000 after buying an additional 80 shares in the last quarter. Temasek Holdings Private Ltd bought a new position in shares of Salesforce in the second quarter valued at approximately $12,755,000. Howard Hughes Medical Institute acquired a new position in shares of Salesforce in the 2nd quarter worth approximately $56,000. Fosun International Ltd bought a new stake in Salesforce during the 2nd quarter worth approximately $355,000. Finally, Bank of Nova Scotia increased its holdings in Salesforce by 4.5% during the 2nd quarter. Bank of Nova Scotia now owns 581,817 shares of the CRM provider’s stock valued at $158,654,000 after purchasing an additional 25,294 shares in the last quarter. 80.43% of the stock is owned by institutional investors.

Insider Buying and Selling at Salesforce

In other news, insider Parker Harris sold 134,662 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $234.70, for a total transaction of $31,605,171.40. Following the completion of the transaction, the insider directly owned 139,767 shares in the company, valued at approximately $32,803,314.90. The trade was a 49.07% decrease in their position. The transaction 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 company’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $241.32, for a total value of $542,970.00. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at approximately $2,874,500,313.72. This trade represents a 0.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 182,034 shares of company stock valued at $43,297,979. 3.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CRM. KeyCorp reduced their price objective on Salesforce from $440.00 to $400.00 and set an “overweight” rating on the stock in a research note on Thursday, September 4th. Morgan Stanley upped their price target on shares of Salesforce from $404.00 to $405.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 2nd. Evercore ISI lowered their price objective on shares of Salesforce from $360.00 to $340.00 and set an “outperform” rating for the company in a research report on Thursday. Robert W. Baird reduced their target price on shares of Salesforce from $325.00 to $315.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, Stifel Nicolaus lowered their price target on shares of Salesforce from $325.00 to $300.00 and set a “buy” rating for the company in a report on Thursday, October 9th. Twenty-nine research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $326.54.

Salesforce Trading Up 5.4%

CRM opened at $260.78 on Monday. The firm has a 50 day simple moving average of $243.26 and a 200 day simple moving average of $252.43. Salesforce Inc. has a fifty-two week low of $221.96 and a fifty-two week high of $367.15. The company has a market cap of $244.35 billion, a price-to-earnings ratio of 34.82, a price-to-earnings-growth ratio of 2.02 and a beta of 1.25. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.98 and a quick ratio of 0.98.

Salesforce (NYSE:CRM) last announced its quarterly earnings data on Wednesday, December 3rd. The CRM provider reported $3.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.86 by $0.39. The firm had revenue of $10.26 billion for the quarter, compared to analysts’ expectations of $10.27 billion. Salesforce had a net margin of 17.91% and a return on equity of 14.41%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the firm earned $2.41 earnings per share. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. On average, sell-side analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 18th will be issued a $0.416 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Thursday, December 18th. Salesforce’s dividend payout ratio is currently 22.16%.

Salesforce Company 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.