Natixis Advisors LLC Has $269.81 Million Stock Position in Salesforce, Inc. (NYSE:CRM)

Natixis Advisors LLC grew its stake in Salesforce, Inc. (NYSE:CRM) by 3.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 985,770 shares of the CRM provider’s stock after buying an additional 33,371 shares during the quarter. Natixis Advisors LLC’s holdings in Salesforce were worth $269,814,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CRM. Piscataqua Savings Bank boosted its stake in shares of Salesforce by 2,400.0% during the 2nd quarter. Piscataqua Savings Bank now owns 100 shares of the CRM provider’s stock worth $26,000 after buying an additional 96 shares during the last quarter. Clear Investment Research LLC boosted its position in Salesforce by 816.7% during the second quarter. Clear Investment Research LLC now owns 110 shares of the CRM provider’s stock valued at $28,000 after purchasing an additional 98 shares during the last quarter. Stephens Consulting LLC grew its stake in Salesforce by 3,125.0% in the second quarter. Stephens Consulting LLC now owns 129 shares of the CRM provider’s stock valued at $33,000 after purchasing an additional 125 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of Salesforce during the 2nd quarter worth approximately $33,000. Finally, Godsey & Gibb Inc. raised its stake in shares of Salesforce by 300.0% during the 3rd quarter. Godsey & Gibb Inc. now owns 120 shares of the CRM provider’s stock worth $33,000 after purchasing an additional 90 shares in the last quarter. Institutional investors own 80.43% of the company’s stock.

Salesforce Stock Down 1.9 %

Shares of NYSE CRM opened at $325.26 on Friday. The company has a market cap of $310.95 billion, a price-to-earnings ratio of 56.57, a PEG ratio of 3.09 and a beta of 1.29. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15. Salesforce, Inc. has a 12 month low of $212.00 and a 12 month high of $348.86. The stock has a 50-day moving average price of $286.61 and a two-hundred day moving average price of $266.64.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, August 28th. The CRM provider reported $2.56 EPS for the quarter, beating the consensus estimate of $2.36 by $0.20. Salesforce had a net margin of 15.44% and a return on equity of 12.01%. The business had revenue of $9.33 billion during the quarter, compared to the consensus estimate of $9.22 billion. During the same quarter in the prior year, the firm earned $1.63 EPS. The firm’s revenue was up 8.5% compared to the same quarter last year. As a group, analysts forecast that Salesforce, Inc. will post 7.55 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Wednesday, September 18th were given a dividend of $0.40 per share. The ex-dividend date was Wednesday, September 18th. This represents a $1.60 annualized dividend and a yield of 0.49%. Salesforce’s dividend payout ratio is presently 27.83%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. BNP Paribas upgraded shares of Salesforce to a “strong-buy” rating in a report on Thursday, August 29th. FBN Securities raised shares of Salesforce to a “strong-buy” rating in a report on Thursday, August 29th. BMO Capital Markets lifted their price target on Salesforce from $305.00 to $385.00 and gave the stock an “outperform” rating in a report on Friday. Jefferies Financial Group upped their price objective on Salesforce from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Truist Financial reiterated a “buy” rating and set a $315.00 target price (up from $300.00) on shares of Salesforce in a research note on Thursday, September 19th. Nine research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $322.51.

Insider Buying and Selling at Salesforce

In other Salesforce news, COO Brian Millham sold 4,056 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $261.50, for a total transaction of $1,060,644.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Parker Harris sold 4,200 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $262.97, for a total transaction of $1,104,474.00. Following the completion of the sale, the insider now directly owns 117,581 shares in the company, valued at approximately $30,920,275.57. This represents a 3.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 144,373 shares of company stock worth $41,250,680. 3.20% of the stock is currently owned by company insiders.

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.