Deutsche Bank AG Purchases Shares of 4,023,972 Salesforce Inc. $CRM

Deutsche Bank AG purchased a new position in Salesforce Inc. (NYSE:CRM) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,023,972 shares of the CRM provider’s stock, valued at approximately $630,395,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Commonwealth Retirement Investments LLC bought a new stake in shares of Salesforce during the 4th quarter valued at $25,000. Gilpin Wealth Management LLC bought a new position in Salesforce in the 4th quarter worth $26,000. Birchwood Financial Partners Inc. bought a new position in Salesforce in the 4th quarter worth $28,000. Swiss RE Ltd. purchased a new stake in Salesforce in the 4th quarter worth $28,000. Finally, Dogwood Wealth Management LLC increased its stake in Salesforce by 285.7% in the 4th quarter. Dogwood Wealth Management LLC now owns 108 shares of the CRM provider’s stock worth $29,000 after buying an additional 80 shares in the last quarter. 80.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on CRM. The Goldman Sachs Group started coverage on Salesforce in a research report on Thursday, June 18th. They issued a “neutral” rating on the stock. Cantor Fitzgerald reiterated an “overweight” rating and set a $250.00 target price on shares of Salesforce in a research report on Thursday, May 28th. B. Riley Financial lifted their target price on Salesforce from $205.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Evercore reissued an “outperform” rating on shares of Salesforce in a report on Tuesday, July 14th. Finally, Raymond James Financial restated a “strong-buy” rating on shares of Salesforce in a research note on Tuesday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, seventeen have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $249.05.

Salesforce Stock Down 2.6%

Shares of CRM stock opened at $191.20 on Tuesday. The company’s fifty day simple moving average is $171.58 and its two-hundred day simple moving average is $181.69. Salesforce Inc. has a 52 week low of $146.32 and a 52 week high of $269.11. The stock has a market cap of $156.59 billion, a P/E ratio of 22.13, a PEG ratio of 1.06 and a beta of 1.16. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.15.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share for the quarter, beating analysts’ consensus estimates of $3.13 by $0.75. Salesforce had a return on equity of 18.72% and a net margin of 18.73%.The firm had revenue of $11.13 billion during the quarter, compared to analyst estimates of $11.05 billion. During the same quarter last year, the business posted $2.58 earnings per share. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. Analysts predict that Salesforce Inc. will post 10.27 EPS for the current fiscal year.

Salesforce Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, June 11th. Salesforce’s dividend payout ratio (DPR) is presently 20.37%.

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.