30,191 Shares in Salesforce, Inc. (NYSE:CRM) Purchased by Caisse Des Depots ET Consignations

Caisse Des Depots ET Consignations purchased a new position in shares of Salesforce, Inc. (NYSE:CRM) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 30,191 shares of the CRM provider’s stock, valued at approximately $10,094,000. Salesforce comprises about 0.5% of Caisse Des Depots ET Consignations’ holdings, making the stock its 27th biggest holding.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CRM. Infrastructure Capital Advisors LLC acquired a new position in shares of Salesforce in the 3rd quarter valued at about $27,000. Arlington Trust Co LLC lifted its holdings in Salesforce by 85.1% in the fourth quarter. Arlington Trust Co LLC now owns 87 shares of the CRM provider’s stock valued at $29,000 after acquiring an additional 40 shares during the period. Compass Financial Services Inc purchased a new stake in Salesforce in the 4th quarter worth approximately $30,000. Asset Planning Inc acquired a new stake in shares of Salesforce during the 4th quarter worth approximately $31,000. Finally, Collier Financial purchased a new position in shares of Salesforce during the 4th quarter valued at approximately $32,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

Salesforce Stock Down 2.7 %

Shares of CRM opened at $280.93 on Thursday. The firm has a market cap of $269.97 billion, a PE ratio of 46.21, a price-to-earnings-growth ratio of 2.58 and a beta of 1.35. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.14. The company’s fifty day moving average is $311.35 and its two-hundred day moving average is $310.74. Salesforce, Inc. has a fifty-two week low of $212.00 and a fifty-two week high of $369.00.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Canaccord Genuity Group dropped their target price on shares of Salesforce from $415.00 to $400.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Morgan Stanley lifted their price objective on Salesforce from $330.00 to $405.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. BMO Capital Markets reissued an “outperform” rating on shares of Salesforce in a report on Wednesday, March 19th. Royal Bank of Canada lifted their price target on Salesforce from $300.00 to $420.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Finally, Northland Securities reissued an “outperform” rating and issued a $440.00 price objective (up from $400.00) on shares of Salesforce in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-one have given a buy rating and five have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Salesforce presently has an average rating of “Moderate Buy” and a consensus target price of $362.74.

Insider Buying and Selling at Salesforce

In other Salesforce news, insider Parker Harris sold 3,273 shares of Salesforce stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $284.58, for a total transaction of $931,430.34. Following the sale, the insider now directly owns 125,146 shares in the company, valued at $35,614,048.68. The trade was a 2.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Sundeep G. Reddy sold 436 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $332.28, for a total transaction of $144,874.08. Following the completion of the sale, the chief accounting officer now owns 7,057 shares in the company, valued at approximately $2,344,899.96. This trade represents a 5.82 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 43,875 shares of company stock valued at $13,580,649. Company insiders own 3.20% 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.