619 Shares in Salesforce, Inc. (NYSE:CRM) Acquired by NBZ Investment Advisors LLC

NBZ Investment Advisors LLC bought a new stake in Salesforce, Inc. (NYSE:CRM) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 619 shares of the CRM provider’s stock, valued at approximately $207,000.

Several other institutional investors and hedge funds have also bought and sold shares of CRM. United Bank increased its stake in Salesforce by 1.1% during the 3rd quarter. United Bank now owns 7,303 shares of the CRM provider’s stock valued at $1,999,000 after purchasing an additional 76 shares in the last quarter. CreativeOne Wealth LLC increased its position in shares of Salesforce by 36.6% in the 3rd quarter. CreativeOne Wealth LLC now owns 9,935 shares of the CRM provider’s stock valued at $2,719,000 after acquiring an additional 2,664 shares during the period. MayTech Global Investments LLC raised its stake in Salesforce by 18.4% in the 3rd quarter. MayTech Global Investments LLC now owns 121,831 shares of the CRM provider’s stock worth $33,346,000 after acquiring an additional 18,961 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Salesforce by 5.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 554,880 shares of the CRM provider’s stock valued at $151,876,000 after purchasing an additional 26,486 shares during the last quarter. Finally, Fiduciary Trust Co increased its holdings in shares of Salesforce by 7.6% in the third quarter. Fiduciary Trust Co now owns 43,565 shares of the CRM provider’s stock valued at $11,924,000 after purchasing an additional 3,072 shares during the period. 80.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Loop Capital dropped their target price on Salesforce from $330.00 to $300.00 and set a “hold” rating on the stock in a research report on Thursday, February 27th. Wells Fargo & Company lowered their target price on shares of Salesforce from $345.00 to $310.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 27th. KeyCorp upgraded Salesforce from a “sector weight” rating to an “overweight” rating and set a $440.00 price objective for the company in a research report on Friday, December 13th. Wedbush reiterated an “outperform” rating and set a $425.00 target price on shares of Salesforce in a research report on Wednesday, December 18th. Finally, Robert W. Baird decreased their price target on shares of Salesforce from $430.00 to $400.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-one have issued a buy rating and five have given a strong buy rating to the company’s stock. According to data from MarketBeat, Salesforce has a consensus rating of “Moderate Buy” and a consensus target price of $362.74.

Salesforce Trading Down 1.1 %

NYSE CRM opened at $277.88 on Friday. Salesforce, Inc. has a 52 week low of $212.00 and a 52 week high of $369.00. The firm has a 50 day moving average of $310.49 and a two-hundred day moving average of $310.51. The stock has a market capitalization of $267.04 billion, a PE ratio of 45.70, 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.

Salesforce Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 10th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 0.60%. This is an increase from Salesforce’s previous quarterly dividend of $0.40. Salesforce’s payout ratio is currently 25.16%.

Insider Buying and Selling at Salesforce

In other news, insider Parker Harris sold 652 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $332.28, for a total transaction of $216,646.56. Following the transaction, the insider now directly owns 121,467 shares in the company, valued at approximately $40,361,054.76. This trade represents a 0.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Amy E. Weaver sold 6,221 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $329.88, for a total transaction of $2,052,183.48. Following the transaction, the chief financial officer now directly owns 45,861 shares in the company, valued at $15,128,626.68. The trade was a 11.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,660 shares of company stock worth $14,095,336 over the last 90 days. Corporate 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.