Danica Pension Livsforsikringsaktieselskab Has $14.79 Million Position in Salesforce Inc. $CRM

Danica Pension Livsforsikringsaktieselskab raised its position in Salesforce Inc. (NYSE:CRMFree Report) by 59.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 79,251 shares of the CRM provider’s stock after purchasing an additional 29,482 shares during the period. Danica Pension Livsforsikringsaktieselskab’s holdings in Salesforce were worth $14,794,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CRM. Vanguard Group Inc. boosted its position in shares of Salesforce by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 89,843,166 shares of the CRM provider’s stock worth $23,800,353,000 after purchasing an additional 270,913 shares in the last quarter. State Street Corp increased its position in shares of Salesforce by 1.3% in the 4th quarter. State Street Corp now owns 50,080,230 shares of the CRM provider’s stock valued at $13,286,909,000 after buying an additional 659,573 shares in the last quarter. J. Stern & Co. LLP raised its stake in Salesforce by 24,056.7% during the 4th quarter. J. Stern & Co. LLP now owns 47,385,511 shares of the CRM provider’s stock worth $12,552,896,000 after buying an additional 47,189,352 shares during the period. Capital International Investors raised its stake in Salesforce by 13.3% during the 4th quarter. Capital International Investors now owns 22,721,010 shares of the CRM provider’s stock worth $6,019,199,000 after buying an additional 2,669,891 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Salesforce by 3.8% during the fourth quarter. Geode Capital Management LLC now owns 21,782,556 shares of the CRM provider’s stock worth $5,751,073,000 after acquiring an additional 791,345 shares in the last quarter. Institutional investors own 80.43% of the company’s stock.

Salesforce Price Performance

CRM stock opened at $170.37 on Wednesday. The stock has a 50-day moving average price of $170.55 and a two-hundred day moving average price of $189.35. Salesforce Inc. has a 1 year low of $146.32 and a 1 year high of $274.00. The stock has a market cap of $139.53 billion, a PE ratio of 19.72, a price-to-earnings-growth ratio of 0.94 and a beta of 1.18. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.15.

Salesforce (NYSE:CRMGet Free Report) last issued its quarterly earnings results on Wednesday, May 27th. The CRM provider reported $3.88 EPS for the quarter, beating analysts’ consensus estimates of $3.13 by $0.75. The company had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.05 billion. Salesforce had a return on equity of 18.72% and a net margin of 18.73%.The company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.58 earnings per share. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. Equities analysts forecast that Salesforce Inc. will post 10.29 EPS for the current fiscal year.

Salesforce Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Thursday, June 11th were paid a $0.44 dividend. The ex-dividend date was Thursday, June 11th. This represents a $1.76 annualized dividend and a yield of 1.0%. Salesforce’s payout ratio is presently 20.37%.

Analyst Upgrades and Downgrades

CRM has been the subject of a number of research analyst reports. Wedbush assumed coverage on Salesforce in a research note on Wednesday, July 1st. They issued an “outperform” rating for the company. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Salesforce in a research report on Tuesday. Royal Bank Of Canada cut Salesforce from a “sector perform” rating to a “sector perform” rating in a report on Wednesday, July 1st. UBS Group reiterated an “equal weight” rating on shares of Salesforce in a research report on Tuesday. Finally, Citigroup raised Salesforce from a “hold” rating to a “buy” rating in a research note on Wednesday, July 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, seventeen have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Salesforce currently has an average rating of “Moderate Buy” and a consensus price target of $249.51.

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Salesforce Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Salesforce (NYSE:CRM)

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