Salesforce Inc. $CRM Shares Sold by New York State Teachers Retirement System

by · The Cerbat Gem

New York State Teachers Retirement System lowered its stake in Salesforce Inc. (NYSE:CRM – Free Report) by 0.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 844,919 shares of the CRM provider’s stock after selling 541 shares during the quarter. Salesforce comprises about 0.5% of New York State Teachers Retirement System’s portfolio, making the stock its 29th biggest holding. New York State Teachers Retirement System owned 0.09% of Salesforce worth $230,401,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Coign Capital Advisors LLC lifted its holdings in shares of Salesforce by 1.7% during the first quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider’s stock worth $586,000 after buying an additional 37 shares during the last quarter. Staley Capital Advisers Inc. lifted its holdings in shares of Salesforce by 1.1% during the first quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider’s stock worth $897,000 after buying an additional 38 shares during the last quarter. KDT Advisors LLC lifted its holdings in shares of Salesforce by 4.1% during the first quarter. KDT Advisors LLC now owns 967 shares of the CRM provider’s stock worth $260,000 after buying an additional 38 shares during the last quarter. Liberty One Investment Management LLC raised its stake 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. raised its stake in shares of Salesforce by 7.3% in the first quarter. First Command Advisory Services Inc. now owns 572 shares of the CRM provider’s stock valued at $154,000 after purchasing an additional 39 shares in the last quarter. 80.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on CRM. Piper Sandler dropped their price objective on Salesforce from $335.00 to $315.00 and set an “overweight” rating for the company in a research note on Thursday, September 4th. Northland Securities cut Salesforce from an “outperform” rating to a “market perform” rating and set a $264.00 target price on the stock. in a report on Tuesday. KeyCorp decreased their target price on Salesforce from $440.00 to $400.00 and set an “overweight” rating on the stock in a report on Thursday, September 4th. JMP Securities reiterated a “market outperform” rating and issued a $430.00 price target on shares of Salesforce in a report on Tuesday, September 2nd. Finally, Northland Capmk lowered Salesforce from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Twenty-five analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $328.22.

View Our Latest Research Report on Salesforce

Salesforce Stock Down 1.3%

Shares of Salesforce stock opened at $236.60 on Thursday. The business’s 50 day simple moving average is $244.22 and its 200 day simple moving average is $258.21. Salesforce Inc. has a 52-week low of $226.48 and a 52-week high of $369.00. The firm has a market cap of $225.24 billion, a PE ratio of 34.39, a P/E/G ratio of 2.07 and a beta of 1.19. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12.

Salesforce (NYSE:CRM – Get Free Report) last announced its 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 return on equity of 13.27% and a net margin of 16.87%.The business had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter last year, the firm earned $2.56 EPS. Salesforce’s revenue for the quarter was up 9.8% compared to the same quarter last year. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. On average, analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th were given a dividend of $0.416 per share. The ex-dividend date of this dividend was Wednesday, September 17th. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. Salesforce’s payout ratio is 24.13%.

Insider Activity at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $236.45, for a total value of $532,012.50. Following the transaction, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $2,816,490,962.95. This represents a 0.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director David Blair Kirk acquired 3,400 shares of the firm’s stock in a transaction on Tuesday, September 9th. The stock was purchased at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the acquisition, the director owned 3,824 shares in the company, valued at approximately $973,819.84. This represents a 801.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 78,750 shares of company stock worth $19,572,233 in the last ninety days. Insiders own 3.00% of the company’s stock.

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.

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