2 weeks Ago By ABMN Staff
The Manufacturers Life Insurance Company increased its holdings in shares of Salesforce, Inc. ( NYSE:CRM – Free Report ) by 7.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC).
The fund owned 2,783,790 shares of the CRM provider’s stock after buying an additional 185,990 shares during the quarter. Salesforce accounts for about 0.7% of The Manufacturers Life Insurance Company’s portfolio, making the stock its 27th largest position.
The Manufacturers Life Insurance Company owned approximately 0.29% of Salesforce worth $715,709,000 as of its most recent SEC filing. Other hedge funds also recently added to or reduced their stakes in the company.
Gilbert & Cook Inc. grew its holdings in shares of Salesforce by 6.9% during the fourth quarter.
Gilbert & Cook Inc. now owns 5,659 shares of the CRM provider’s stock valued at $1,489,000 after buying an additional 366 shares during the last quarter. Aveo Capital Partners LLC raised its stake in shares of Salesforce by 44.
7% in the fourth quarter. Aveo Capital Partners LLC now owns 1,605 shares of the CRM provider’s stock worth $422,000 after purchasing an additional 496 shares during the last quarter. 9258 Wealth Management LLC lifted its holdings in shares of Salesforce by 24.
0% during the fourth quarter. 9258 Wealth Management LLC now owns 6,483 shares of the CRM provider’s stock worth $1,706,000 after purchasing an additional 1,253 shares during the period. Gryphon Financial Partners LLC increased its holdings in Salesforce by 32.
4% in the 4th quarter. Gryphon Financial Partners LLC now owns 3,960 shares of the CRM provider’s stock worth $1,064,000 after buying an additional 970 shares during the period. Finally, Focus Financial Network Inc.
ADV purchased a new position in Salesforce during the 4th quarter worth approximately $1,815,000. 80.43% of the stock is owned by institutional investors and hedge funds.
Salesforce Price Performance Salesforce stock opened at $275.67 on Friday. The company has a quick ratio of 1.
04, a current ratio of 1.04 and a debt-to-equity ratio of 0.15.
Salesforce, Inc. has a 52-week low of $193.68 and a 52-week high of $318.
71. The firm has a market cap of $263.54 billion, a PE ratio of 49.
58, a price-to-earnings-growth ratio of 2.39 and a beta of 1.29.
The company’s 50 day moving average is $255.68 and its two-hundred day moving average is $265.79.
Salesforce Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 8th. Stockholders of record on Wednesday, September 18th will be given a dividend of $0.40 per share.
The ex-dividend date of this dividend is Wednesday, September 18th. This represents a $1.60 annualized dividend and a dividend yield of 0.
58%. Salesforce’s dividend payout ratio is currently 28.78%.
Wall Street Analyst Weigh In Several equities analysts have recently issued reports on the company. Evercore ISI reissued an “outperform” rating and issued a $300.00 price objective on shares of Salesforce in a report on Monday, August 26th.
Macquarie dropped their price target on shares of Salesforce from $330.00 to $275.00 and set an “outperform” rating on the stock in a research report on Friday, May 31st.
Canaccord Genuity Group upped their price objective on shares of Salesforce from $300.00 to $315.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th.
BNP Paribas upgraded Salesforce to a “strong-buy” rating in a research report on Thursday, August 29th. Finally, Bank of America reaffirmed a “buy” rating and issued a $325.00 price target on shares of Salesforce in a report on Friday, September 6th.
Eight equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Salesforce has an average rating of “Moderate Buy” and an average target price of $307.
73. View Our Latest Stock Analysis on Salesforce Insider Buying and Selling In other Salesforce news, insider Parker Harris sold 942 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $264.
78, for a total transaction of $249,422.76. Following the transaction, the insider now owns 118,514 shares of the company’s stock, valued at $31,380,136.
92. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website . In related news, CAO Sundeep G.
Reddy sold 413 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $255.78, for a total transaction of $105,637.
14. Following the transaction, the chief accounting officer now owns 6,431 shares of the company’s stock, valued at $1,644,921.18.
The transaction was disclosed in a filing with the SEC, which is accessible through this link . Also, insider Parker Harris sold 942 shares of Salesforce stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $264.
78, for a total value of $249,422.76. Following the completion of the transaction, the insider now owns 118,514 shares in the company, valued at $31,380,136.
92. The disclosure for this sale can be found here . Insiders sold a total of 63,015 shares of company stock worth $16,174,717 over the last 90 days.
3.20% of the stock is owned by insiders. Salesforce Company Profile ( Free Report ) 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. Read More Want to see what other hedge funds are holding CRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Salesforce, Inc.
( NYSE:CRM – Free Report ). Receive News & Ratings for Salesforce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salesforce and related companies with MarketBeat.com's FREE daily email newsletter .
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