Thompson Siegel & Walmsley LLC Raises Stock Holdings in Salesforce, Inc. (NYSE:CRM)

Thompson Siegel & Walmsley LLC boosted its holdings in Salesforce, Inc. (NYSE:CRM) by 31.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,300 shares of the CRM provider’s stock after buying an additional 1,500 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Salesforce were worth $1,331,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Bank Julius Baer & Co. Ltd Zurich grew its stake in shares of Salesforce by 92,823.1% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 238,763,957 shares of the CRM provider’s stock valued at $50,441,274,000 after purchasing an additional 238,507,009 shares during the period. State Street Corp grew its stake in shares of Salesforce by 0.9% during the 1st quarter. State Street Corp now owns 45,509,345 shares of the CRM provider’s stock valued at $9,091,832,000 after purchasing an additional 391,648 shares during the period. FMR LLC grew its stake in shares of Salesforce by 1.9% during the 1st quarter. FMR LLC now owns 36,357,722 shares of the CRM provider’s stock valued at $7,263,546,000 after purchasing an additional 695,355 shares during the period. Morgan Stanley grew its stake in shares of Salesforce by 0.8% during the 4th quarter. Morgan Stanley now owns 19,003,836 shares of the CRM provider’s stock valued at $2,519,719,000 after purchasing an additional 149,012 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Salesforce by 1.9% during the 1st quarter. Geode Capital Management LLC now owns 17,749,285 shares of the CRM provider’s stock valued at $3,536,910,000 after purchasing an additional 332,375 shares during the period. Hedge funds and other institutional investors own 77.52% of the company’s stock.

Salesforce Trading Down 0.1 %

Shares of NYSE:CRM opened at $221.22 on Friday. Salesforce, Inc. has a 52-week low of $126.34 and a 52-week high of $238.22. The stock has a market cap of $215.25 billion, a price-to-earnings ratio of 139.13, a PEG ratio of 1.66 and a beta of 1.18. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average price of $208.52 and a 200-day moving average price of $211.78.

Salesforce (NYSE:CRM) last announced its quarterly earnings data on Wednesday, August 30th. The CRM provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.22. The firm had revenue of $8.60 billion during the quarter, compared to analysts’ expectations of $8.53 billion. Salesforce had a return on equity of 7.67% and a net margin of 4.77%. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period last year, the business posted $0.52 earnings per share. Equities analysts predict that Salesforce, Inc. will post 5.86 EPS for the current year.

Insider Buying and Selling

In related news, CEO Marc Benioff sold 15,000 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $220.94, for a total transaction of $3,314,100.00. Following the sale, the chief executive officer now directly owns 14,876,166 shares of the company’s stock, valued at $3,286,740,116.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Marc Benioff sold 15,000 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $220.94, for a total transaction of $3,314,100.00. Following the sale, the chief executive officer now directly owns 14,876,166 shares of the company’s stock, valued at $3,286,740,116.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Srinivas Tallapragada sold 10,000 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $199.00, for a total value of $1,990,000.00. Following the sale, the insider now directly owns 58,930 shares in the company, valued at $11,727,070. The disclosure for this sale can be found here. Insiders have sold a total of 671,788 shares of company stock valued at $141,136,481 over the last ninety days. Company insiders own 3.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. JMP Securities restated a “market outperform” rating and set a $275.00 price target on shares of Salesforce in a research note on Thursday, September 21st. Needham & Company LLC reiterated a “buy” rating and set a $250.00 price objective on shares of Salesforce in a research note on Friday, September 15th. Morgan Stanley downgraded Salesforce from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $251.00 to $278.00 in a research note on Monday, July 31st. BMO Capital Markets boosted their price target on Salesforce from $255.00 to $262.00 and gave the stock an “outperform” rating in a report on Thursday, August 31st. Finally, Raymond James boosted their price target on Salesforce from $260.00 to $280.00 and gave the stock a “strong-buy” rating in a report on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $241.28.

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 relationship intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer service and support at scale.