852 Shares in Salesforce, Inc. (NYSE:CRM) Bought by DGS Capital Management LLC

DGS Capital Management LLC purchased a new stake in shares of Salesforce, Inc. (NYSE:CRM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 852 shares of the CRM provider’s stock, valued at approximately $285,000.

Several other hedge funds have also recently added to or reduced their stakes in CRM. Sachetta LLC raised its holdings in shares of Salesforce by 0.3% during the 4th quarter. Sachetta LLC now owns 11,018 shares of the CRM provider’s stock valued at $3,684,000 after buying an additional 32 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in Salesforce by 7,486.6% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 93,467 shares of the CRM provider’s stock valued at $31,277,000 after acquiring an additional 92,235 shares during the last quarter. CX Institutional raised its stake in shares of Salesforce by 3.9% during the fourth quarter. CX Institutional now owns 5,858 shares of the CRM provider’s stock worth $1,959,000 after acquiring an additional 221 shares in the last quarter. Zweig DiMenna Associates LLC lifted its holdings in shares of Salesforce by 59.2% in the 4th quarter. Zweig DiMenna Associates LLC now owns 39,800 shares of the CRM provider’s stock worth $13,306,000 after acquiring an additional 14,800 shares during the last quarter. Finally, Berbice Capital Management LLC purchased a new stake in shares of Salesforce in the 4th quarter valued at $729,000. Institutional investors own 80.43% of the company’s stock.

Salesforce Stock Down 0.4 %

CRM opened at $333.47 on Friday. Salesforce, Inc. has a 1-year low of $212.00 and a 1-year high of $369.00. The firm’s 50 day simple moving average is $336.73 and its two-hundred day simple moving average is $294.01. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $319.13 billion, a PE ratio of 54.85, a PEG ratio of 3.01 and a beta of 1.30.

Salesforce (NYSE:CRM) last released its earnings results on Tuesday, December 3rd. The CRM provider reported $2.41 earnings per share for the quarter, missing the consensus estimate of $2.44 by ($0.03). Salesforce had a net margin of 15.96% and a return on equity of 12.34%. The company had revenue of $9.44 billion for the quarter, compared to analysts’ expectations of $9.35 billion. During the same quarter last year, the firm posted $1.62 earnings per share. Salesforce’s revenue for the quarter was up 8.3% on a year-over-year basis. As a group, equities analysts forecast that Salesforce, Inc. will post 7.48 EPS for the current year.

Salesforce Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Wednesday, December 18th were paid a dividend of $0.40 per share. The ex-dividend date was Wednesday, December 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.48%. Salesforce’s dividend payout ratio (DPR) is presently 26.32%.

Insider Buying and Selling

In related news, insider Parker Harris sold 4,200 shares of the company’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $298.04, for a total value of $1,251,768.00. Following the completion of the transaction, the insider now owns 119,402 shares of the company’s stock, valued at approximately $35,586,572.08. This represents a 3.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Brian Millham sold 708 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $332.28, for a total value of $235,254.24. Following the completion of the sale, the chief operating officer now owns 1,239 shares of the company’s stock, valued at $411,694.92. The trade was a 36.36 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,173,891 shares of company stock valued at $402,840,388. 3.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their price target on shares of Salesforce from $340.00 to $380.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Erste Group Bank raised Salesforce from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. UBS Group raised their price target on Salesforce from $275.00 to $360.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. The Goldman Sachs Group lifted their price target on Salesforce from $360.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Finally, Wedbush restated an “outperform” rating and issued a $425.00 target price on shares of Salesforce in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have issued a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $377.63.

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.