DE Burlo Group Inc. Decreases Position in Salesforce, Inc. (NYSE:CRM)

26 Apr 2025, 10:42 by Amy Steele · The Cerbat Gem

DE Burlo Group Inc. reduced its stake in shares of Salesforce, Inc. (NYSE:CRM – Free Report) by 3.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,564 shares of the CRM provider’s stock after selling 600 shares during the quarter. DE Burlo Group Inc.’s holdings in Salesforce were worth $5,204,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Foundations Investment Advisors LLC lifted its position in Salesforce by 15.0% in the fourth quarter. Foundations Investment Advisors LLC now owns 36,473 shares of the CRM provider’s stock valued at $12,194,000 after purchasing an additional 4,752 shares during the last quarter. Athena Investment Management bought a new stake in Salesforce during the 4th quarter valued at $236,000. Highland Capital Management LLC purchased a new stake in Salesforce during the 4th quarter valued at $4,321,000. Nordea Investment Management AB boosted its position in Salesforce by 11.9% during the 4th quarter. Nordea Investment Management AB now owns 2,288,803 shares of the CRM provider’s stock valued at $766,566,000 after buying an additional 243,008 shares during the period. Finally, CWA Asset Management Group LLC increased its position in shares of Salesforce by 14.1% in the fourth quarter. CWA Asset Management Group LLC now owns 15,708 shares of the CRM provider’s stock valued at $5,252,000 after acquiring an additional 1,936 shares during the period. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Insider Activity

In related news, CAO Sundeep G. Reddy sold 1,525 shares of the company’s stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $253.66, for a total transaction of $386,831.50. Following the completion of the sale, the chief accounting officer now owns 12,211 shares in the company, valued at approximately $3,097,442.26. This represents a 11.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Miguel Milano sold 458 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $307.97, for a total value of $141,050.26. Following the completion of the transaction, the insider now directly owns 5,864 shares in the company, valued at $1,805,936.08. The trade was a 7.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,051 shares of company stock valued at $15,027,714 in the last ninety days. 3.20% of the stock is currently owned by company insiders.

Salesforce Stock Performance

Shares of CRM stock opened at $267.87 on Friday. The firm has a market capitalization of $257.42 billion, a PE ratio of 44.06, a P/E/G ratio of 2.58 and a beta of 1.38. The company has a 50 day moving average price of $273.75 and a 200-day moving average price of $308.27. Salesforce, Inc. has a 52 week low of $212.00 and a 52 week high of $369.00. 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 announced a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Thursday, April 10th were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Thursday, April 10th. This is a positive change from Salesforce’s previous quarterly dividend of $0.40. This represents a $1.68 dividend on an annualized basis and a yield of 0.63%. Salesforce’s payout ratio is currently 26.10%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. DA Davidson reiterated an “underperform” rating and set a $200.00 target price on shares of Salesforce in a report on Monday, April 21st. Scotiabank dropped their price objective on Salesforce from $400.00 to $345.00 and set a “sector outperform” rating for the company in a report on Monday, March 17th. Stephens initiated coverage on Salesforce in a research note on Wednesday, March 19th. They set an “equal weight” rating and a $311.00 target price on the stock. Guggenheim raised Salesforce from a “sell” rating to a “neutral” rating in a research note on Monday, April 21st. Finally, Loop Capital reduced their price objective on shares of Salesforce from $330.00 to $300.00 and set a “hold” rating on the stock in a research report on Thursday, February 27th. One investment 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Salesforce presently has a consensus rating of “Moderate Buy” and an average target price of $351.37.

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