Swedbank AB Boosts Stock Holdings in Salesforce Inc. $CRM

by · The Markets Daily

Swedbank AB grew its position in Salesforce Inc. (NYSE:CRM – Free Report) by 2.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,024,858 shares of the CRM provider’s stock after buying an additional 70,815 shares during the quarter. Salesforce makes up about 0.9% of Swedbank AB’s portfolio, making the stock its 15th largest holding. Swedbank AB’s holdings in Salesforce were worth $824,849,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC boosted its position in Salesforce by 13.7% during the fourth quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock worth $8,582,000 after acquiring an additional 3,102 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in Salesforce by 12.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock valued at $611,000 after buying an additional 205 shares in the last quarter. Bison Wealth LLC increased its stake in shares of Salesforce by 9.0% in the 4th quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock worth $747,000 after acquiring an additional 184 shares during the last quarter. Two Sigma Investments LP raised its holdings in shares of Salesforce by 1,004.9% during the 4th quarter. Two Sigma Investments LP now owns 120,615 shares of the CRM provider’s stock worth $40,325,000 after acquiring an additional 109,699 shares during the period. Finally, Williams Jones Wealth Management LLC. boosted its position in shares of Salesforce by 4.9% during the 4th quarter. Williams Jones Wealth Management LLC. now owns 2,507 shares of the CRM provider’s stock valued at $838,000 after acquiring an additional 117 shares during the last quarter. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Citigroup raised their price target on shares of Salesforce from $275.00 to $276.00 and gave the stock a “neutral” rating in a report on Tuesday, September 9th. The Goldman Sachs Group lifted their target price on Salesforce from $340.00 to $385.00 and gave the company a “buy” rating in a research report on Thursday, May 29th. Wells Fargo & Company lowered their price target on Salesforce from $275.00 to $265.00 and set an “equal weight” rating for the company in a report on Thursday, September 4th. JMP Securities reissued a “market outperform” rating and set a $430.00 price objective on shares of Salesforce in a research report on Tuesday, September 2nd. Finally, Morgan Stanley increased their target price on shares of Salesforce from $404.00 to $405.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $332.58.

Read Our Latest Research Report on CRM

Insiders Place Their Bets

In other Salesforce news, Director David Blair Kirk acquired 3,400 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The shares were acquired at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the transaction, the director directly owned 3,824 shares of the company’s stock, valued at approximately $973,819.84. This represents a 801.89% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $257.02, for a total transaction of $578,295.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at approximately $3,061,511,978.42. This trade represents a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 75,077 shares of company stock valued at $19,099,953. Company insiders own 3.00% of the company’s stock.

Salesforce Stock Up 1.1%

Shares of NYSE CRM opened at $242.00 on Thursday. The stock has a market capitalization of $230.38 billion, a price-to-earnings ratio of 35.17, a price-to-earnings-growth ratio of 2.18 and a beta of 1.22. Salesforce Inc. has a 52 week low of $226.48 and a 52 week high of $369.00. The firm has a 50-day moving average price of $251.39 and a 200 day moving average price of $263.58. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM – Get Free Report) last issued 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 net margin of 16.87% and a return on equity of 13.27%. The company had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same period last year, the company posted $2.56 earnings per share. The firm’s quarterly revenue 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. Equities research analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th will be issued a $0.416 dividend. The ex-dividend date of this dividend is Wednesday, September 17th. This represents a $1.66 annualized dividend and a yield of 0.7%. Salesforce’s dividend payout ratio is 24.13%.

Salesforce 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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