Salesforce, Inc. (NYSE:CRM) Shares Sold by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC cut its stake in Salesforce, Inc. (NYSE:CRM) by 55.9% in the third quarter, HoldingsChannel reports. The firm owned 106,392 shares of the CRM provider’s stock after selling 135,094 shares during the quarter. Worldquant Millennium Advisors LLC’s holdings in Salesforce were worth $29,121,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Infrastructure Capital Advisors LLC purchased a new position in shares of Salesforce in the 3rd quarter valued at $27,000. Clear Investment Research LLC grew its position in Salesforce by 816.7% during the second quarter. Clear Investment Research LLC now owns 110 shares of the CRM provider’s stock worth $28,000 after buying an additional 98 shares during the period. Stephens Consulting LLC raised its holdings in Salesforce by 3,125.0% during the second quarter. Stephens Consulting LLC now owns 129 shares of the CRM provider’s stock worth $33,000 after purchasing an additional 125 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in Salesforce during the 2nd quarter valued at about $33,000. Finally, Godsey & Gibb Inc. grew its holdings in Salesforce by 300.0% during the 3rd quarter. Godsey & Gibb Inc. now owns 120 shares of the CRM provider’s stock valued at $33,000 after buying an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Salesforce Trading Up 0.2 %

NYSE:CRM opened at $361.99 on Friday. Salesforce, Inc. has a 52 week low of $212.00 and a 52 week high of $369.00. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.15. The company has a fifty day moving average of $308.26 and a 200 day moving average of $272.43. The firm has a market capitalization of $346.06 billion, a P/E ratio of 59.54, a P/E/G ratio of 3.00 and a beta of 1.30.

Salesforce (NYSE:CRM) last posted its quarterly earnings data on Tuesday, December 3rd. The CRM provider reported $2.41 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.03). Salesforce had a return on equity of 12.31% and a net margin of 15.96%. The business had revenue of $9.44 billion for the quarter, compared to the consensus estimate of $9.35 billion. During the same period in the previous year, the firm earned $1.62 EPS. The company’s revenue was up 8.3% on a year-over-year basis. On average, research analysts predict that Salesforce, Inc. will post 7.55 earnings per share for the current year.

Salesforce Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Wednesday, December 18th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.44%. Salesforce’s dividend payout ratio (DPR) is presently 26.32%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Needham & Company LLC upped their target price on Salesforce from $345.00 to $375.00 and gave the company a “buy” rating in a research note on Wednesday. The Goldman Sachs Group lifted their price objective on shares of Salesforce from $360.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday. Wells Fargo & Company increased their price target on Salesforce from $275.00 to $330.00 and gave the company an “equal weight” rating in a report on Tuesday, November 12th. Scotiabank boosted their target price on shares of Salesforce from $425.00 to $440.00 and gave the stock a “sector outperform” rating in a research report on Wednesday. Finally, BMO Capital Markets raised their price objective on Salesforce from $385.00 to $425.00 and gave the stock an “outperform” rating in a research note on Wednesday. Eight investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $372.86.

Insider Buying and Selling

In other Salesforce news, COO Brian Millham sold 60,522 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $300.00, for a total transaction of $18,156,600.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Sabastian Niles sold 2,484 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $244.81, for a total transaction of $608,108.04. Following the transaction, the insider now directly owns 828 shares of the company’s stock, valued at $202,702.68. The trade was a 75.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 140,982 shares of company stock worth $41,591,457. 3.20% of the stock is owned by corporate insiders.

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