Salesforce, Inc. (NYSE:CRM) Shares Acquired by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC lifted its position in Salesforce, Inc. (NYSE:CRM) by 18,090.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,190 shares of the CRM provider’s stock after buying an additional 18,090 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Salesforce were worth $4,979,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of CRM. Legacy Capital Group California Inc. boosted its stake in shares of Salesforce by 62.7% during the 3rd quarter. Legacy Capital Group California Inc. now owns 3,619 shares of the CRM provider’s stock worth $991,000 after acquiring an additional 1,395 shares in the last quarter. Zweig DiMenna Associates LLC grew its position in Salesforce by 1,566.7% during the 3rd quarter. Zweig DiMenna Associates LLC now owns 25,000 shares of the CRM provider’s stock worth $6,843,000 after acquiring an additional 23,500 shares during the last quarter. Investment Research & Advisory Group Inc. boosted its position in Salesforce by 2.0% in the 3rd quarter. Investment Research & Advisory Group Inc. now owns 15,169 shares of the CRM provider’s stock valued at $4,152,000 after buying an additional 296 shares during the last quarter. DT Investment Partners LLC boosted its position in Salesforce by 21.9% in the 3rd quarter. DT Investment Partners LLC now owns 807 shares of the CRM provider’s stock valued at $221,000 after buying an additional 145 shares during the last quarter. Finally, Bogart Wealth LLC lifted its stake in shares of Salesforce by 1.5% in the 3rd quarter. Bogart Wealth LLC now owns 46,716 shares of the CRM provider’s stock valued at $12,787,000 after purchasing an additional 707 shares during the period. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $345.00 price target on shares of Salesforce in a research note on Friday, September 20th. UBS Group boosted their price objective on Salesforce from $250.00 to $275.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. JMP Securities reiterated a “market outperform” rating and issued a $342.00 price target on shares of Salesforce in a research report on Wednesday, August 28th. Robert W. Baird boosted their price objective on shares of Salesforce from $295.00 to $315.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. Finally, TD Cowen boosted their price objective on shares of Salesforce from $285.00 to $290.00 and gave the company a “hold” rating in a research report on Thursday, August 29th. Nine analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $312.51.

Insider Transactions at Salesforce

In other news, CFO Amy E. Weaver sold 897 shares of the company’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $285.29, for a total transaction of $255,905.13. Following the completion of the sale, the chief financial officer now owns 52,930 shares of the company’s stock, valued at $15,100,399.70. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Salesforce news, CFO Amy E. Weaver sold 897 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $285.29, for a total value of $255,905.13. Following the transaction, the chief financial officer now owns 52,930 shares of the company’s stock, valued at $15,100,399.70. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Sundeep G. Reddy sold 413 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $285.29, for a total transaction of $117,824.77. Following the completion of the transaction, the chief accounting officer now directly owns 7,006 shares in the company, valued at $1,998,741.74. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 86,812 shares of company stock valued at $23,418,916 over the last 90 days. 3.20% of the stock is currently owned by corporate insiders.

Salesforce Stock Performance

CRM opened at $286.74 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a fifty day moving average price of $268.70 and a 200 day moving average price of $263.24. Salesforce, Inc. has a 1 year low of $193.68 and a 1 year high of $318.71. The stock has a market cap of $277.85 billion, a P/E ratio of 51.57, a P/E/G ratio of 2.61 and a beta of 1.30.

Salesforce (NYSE:CRM) last issued its quarterly earnings results on Wednesday, August 28th. The CRM provider reported $2.56 EPS for the quarter, topping the consensus estimate of $2.36 by $0.20. The company had revenue of $9.33 billion during the quarter, compared to analyst estimates of $9.22 billion. Salesforce had a net margin of 15.44% and a return on equity of 12.01%. The firm’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.63 EPS. Equities research analysts anticipate that Salesforce, Inc. will post 7.55 earnings per share for the current year.

Salesforce Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Wednesday, September 18th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend was Wednesday, September 18th. Salesforce’s payout ratio is 28.78%.

Salesforce Company 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.