Nisa Investment Advisors LLC Has $40.41 Million Stock Position in Salesforce Inc. $CRM

Nisa Investment Advisors LLC cut its position in Salesforce Inc. (NYSE:CRM) by 15.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 170,196 shares of the CRM provider’s stock after selling 31,254 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Salesforce were worth $40,408,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of CRM. Vanguard Group Inc. grew its position in shares of Salesforce by 1.0% in the second quarter. Vanguard Group Inc. now owns 88,823,481 shares of the CRM provider’s stock valued at $24,221,275,000 after purchasing an additional 909,853 shares during the last quarter. State Street Corp lifted its position in shares of Salesforce by 1.6% during the 2nd quarter. State Street Corp now owns 49,260,918 shares of the CRM provider’s stock worth $13,452,998,000 after purchasing an additional 776,300 shares during the last quarter. Geode Capital Management LLC boosted its stake in Salesforce by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 20,873,900 shares of the CRM provider’s stock valued at $5,669,224,000 after purchasing an additional 114,504 shares during the period. Norges Bank acquired a new stake in Salesforce in the 2nd quarter valued at approximately $2,826,049,000. Finally, Amundi increased its position in Salesforce by 26.2% in the 2nd quarter. Amundi now owns 7,755,317 shares of the CRM provider’s stock worth $2,087,545,000 after buying an additional 1,612,413 shares during the period. Institutional investors own 80.43% of the company’s stock.

Salesforce Stock Performance

NYSE CRM opened at $260.54 on Friday. Salesforce Inc. has a twelve month low of $221.96 and a twelve month high of $367.09. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.14. The stock has a market cap of $244.13 billion, a P/E ratio of 34.79, a PEG ratio of 1.98 and a beta of 1.26. The company’s 50-day simple moving average is $250.33 and its 200 day simple moving average is $251.70.

Salesforce (NYSE:CRM) last released its quarterly earnings data on Wednesday, December 3rd. The CRM provider reported $3.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.86 by $0.39. Salesforce had a return on equity of 14.41% and a net margin of 17.91%.The company had revenue of $10.26 billion for the quarter, compared to the consensus estimate of $10.27 billion. During the same period in the previous year, the business earned $2.41 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. As a group, research analysts forecast that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Thursday, December 18th were issued a dividend of $0.416 per share. The ex-dividend date of this dividend was Thursday, December 18th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.6%. Salesforce’s dividend payout ratio (DPR) is presently 22.16%.

Wall Street Analyst Weigh In

CRM has been the subject of several research reports. Northland Capmk cut Salesforce from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 14th. Citigroup downgraded shares of Salesforce from a “strong-buy” rating to a “hold” rating in a report on Friday, December 5th. Wedbush restated an “outperform” rating and set a $375.00 price objective on shares of Salesforce in a report on Thursday, December 4th. Royal Bank Of Canada upped their price objective on shares of Salesforce from $250.00 to $290.00 and gave the company a “sector perform” rating in a research report on Monday. Finally, Northland Securities lifted their target price on Salesforce from $264.00 to $267.00 and gave the stock a “market perform” rating in a research report on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Salesforce has an average rating of “Moderate Buy” and an average price target of $327.74.

Insider Activity

In other news, CEO Marc Benioff sold 122 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $259.00, for a total transaction of $31,598.00. Following the completion of the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $3,085,096,889. This trade represents a 0.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director G Mason Morfit bought 96,000 shares of Salesforce stock in a transaction dated Friday, December 5th. The stock was acquired at an average cost of $260.58 per share, for a total transaction of $25,015,680.00. Following the completion of the acquisition, the director directly owned 2,994,509 shares in the company, valued at $780,309,155.22. This represents a 3.31% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have sold 155,034 shares of company stock worth $36,726,584. Company insiders own 3.00% of the company’s stock.

Salesforce Company Profile

Salesforce, founded in 1999 and headquartered in San Francisco, is a global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications. The company popularized the software-as-a-service (SaaS) model for CRM and has built a broad portfolio of products designed to help organizations manage sales, service, marketing, commerce and analytics through a unified, cloud-first platform.

Core offerings include Sales Cloud for sales automation, Service Cloud for customer support, Marketing Cloud for digital marketing and engagement, and Commerce Cloud for e-commerce.