Envestnet Portfolio Solutions Inc. Reduces Stock Position in Salesforce Inc. $CRM

Envestnet Portfolio Solutions Inc. decreased its stake in Salesforce Inc. (NYSE:CRM) by 17.9% during the second quarter, Holdings Channel reports. The institutional investor owned 33,436 shares of the CRM provider’s stock after selling 7,289 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Salesforce were worth $9,118,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Coign Capital Advisors LLC raised its holdings in Salesforce by 1.7% in the 1st quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider’s stock worth $586,000 after purchasing an additional 37 shares during the period. Staley Capital Advisers Inc. grew its position in shares of Salesforce by 1.1% in the first quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider’s stock valued at $897,000 after purchasing an additional 38 shares in the last quarter. KDT Advisors LLC grew its position in shares of Salesforce by 4.1% in the first quarter. KDT Advisors LLC now owns 967 shares of the CRM provider’s stock valued at $260,000 after purchasing an additional 38 shares in the last quarter. Liberty One Investment Management LLC grew its position in shares of Salesforce by 1.2% in the first quarter. Liberty One Investment Management LLC now owns 3,165 shares of the CRM provider’s stock valued at $849,000 after purchasing an additional 39 shares in the last quarter. Finally, First Command Advisory Services Inc. grew its position in Salesforce by 7.3% in the first quarter. First Command Advisory Services Inc. now owns 572 shares of the CRM provider’s stock worth $154,000 after acquiring an additional 39 shares during the period. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Salesforce Price Performance

CRM stock opened at $248.77 on Tuesday. The firm has a 50 day moving average of $244.61 and a 200-day moving average of $258.49. Salesforce Inc. has a 12-month low of $226.48 and a 12-month high of $369.00. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. The company has a market cap of $236.83 billion, a price-to-earnings ratio of 36.16, a PEG ratio of 2.09 and a beta of 1.19.

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

Salesforce Dividend Announcement

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 dividend of $0.416 per share. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Wednesday, September 17th. Salesforce’s payout ratio is currently 24.13%.

Insider Activity at Salesforce

In other Salesforce news, Director David Blair Kirk purchased 3,400 shares of the business’s stock in a transaction on Tuesday, September 9th. The stock was bought at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the acquisition, the director owned 3,824 shares of the company’s stock, valued at approximately $973,819.84. The trade was a 801.89% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $240.34, for a total value of $540,765.00. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at $2,862,826,974.14. This trade represents a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 76,500 shares of company stock valued at $19,049,130 over the last 90 days. Insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on CRM. Weiss Ratings reiterated a “hold (c+)” rating on shares of Salesforce in a research report on Saturday, September 27th. Bank of America reduced their price objective on Salesforce from $350.00 to $325.00 and set a “buy” rating on the stock in a research note on Tuesday, August 26th. JMP Securities restated a “market outperform” rating and issued a $430.00 price target on shares of Salesforce in a research note on Tuesday, September 2nd. Morgan Stanley raised their price target on Salesforce from $404.00 to $405.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. Finally, KeyCorp dropped their price objective on Salesforce from $440.00 to $400.00 and set an “overweight” rating on the stock in a report on Thursday, September 4th. Twenty-six investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Salesforce presently has an average rating of “Moderate Buy” and a consensus price target of $331.89.

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.