WINTON GROUP Ltd Sells 12,874 Shares of Salesforce, Inc. (NYSE:CRM)

WINTON GROUP Ltd trimmed its holdings in Salesforce, Inc. (NYSE:CRMGet Rating) by 79.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,297 shares of the CRM provider’s stock after selling 12,874 shares during the period. WINTON GROUP Ltd’s holdings in Salesforce were worth $544,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Silvant Capital Management LLC increased its stake in shares of Salesforce by 0.4% during the second quarter. Silvant Capital Management LLC now owns 13,828 shares of the CRM provider’s stock valued at $2,282,000 after buying an additional 58 shares during the period. Carmel Capital Partners LLC increased its stake in shares of Salesforce by 4.9% during the second quarter. Carmel Capital Partners LLC now owns 1,273 shares of the CRM provider’s stock valued at $210,000 after buying an additional 60 shares during the period. Columbia Trust Co 01012016 increased its stake in shares of Salesforce by 0.9% during the second quarter. Columbia Trust Co 01012016 now owns 6,433 shares of the CRM provider’s stock valued at $1,062,000 after buying an additional 60 shares during the period. Quad Cities Investment Group LLC increased its stake in shares of Salesforce by 4.0% during the second quarter. Quad Cities Investment Group LLC now owns 1,562 shares of the CRM provider’s stock valued at $258,000 after buying an additional 60 shares during the period. Finally, Clean Yield Group increased its stake in shares of Salesforce by 15.4% during the second quarter. Clean Yield Group now owns 456 shares of the CRM provider’s stock valued at $75,000 after buying an additional 61 shares during the period. 77.02% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Salesforce news, CFO Amy E. Weaver sold 937 shares of the company’s stock in a transaction on Friday, September 23rd. The stock was sold at an average price of $146.36, for a total value of $137,139.32. Following the completion of the sale, the chief financial officer now directly owns 29,549 shares in the company, valued at approximately $4,324,791.64. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Salesforce news, CFO Amy E. Weaver sold 937 shares of the company’s stock in a transaction dated Friday, September 23rd. The stock was sold at an average price of $146.36, for a total transaction of $137,139.32. Following the sale, the chief financial officer now owns 29,549 shares in the company, valued at approximately $4,324,791.64. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Marc Benioff sold 2,300 shares of the company’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $177.43, for a total value of $408,089.00. Following the sale, the chief executive officer now owns 27,761,368 shares in the company, valued at approximately $4,925,699,524.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 117,931 shares of company stock worth $18,681,572. 3.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

CRM has been the topic of several research reports. Wells Fargo & Company cut their price target on Salesforce from $235.00 to $220.00 and set an “overweight” rating on the stock in a research note on Thursday, August 25th. Oppenheimer cut their target price on Salesforce from $240.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, November 10th. Guggenheim upgraded Salesforce from a “sell” rating to a “neutral” rating and set a $150.00 target price on the stock in a research note on Friday, September 2nd. JPMorgan Chase & Co. cut their target price on Salesforce from $275.00 to $245.00 and set an “overweight” rating on the stock in a research note on Thursday, August 25th. Finally, BMO Capital Markets cut their target price on Salesforce from $190.00 to $180.00 in a research note on Friday. Six equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $230.74.

Salesforce Stock Down 1.1 %

Salesforce stock opened at $148.04 on Friday. The stock has a market capitalization of $148.04 billion, a PE ratio of 274.15, a price-to-earnings-growth ratio of 4.20 and a beta of 1.12. Salesforce, Inc. has a 12 month low of $136.04 and a 12 month high of $306.00. The business has a 50 day simple moving average of $152.36 and a 200-day simple moving average of $165.38. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.06 and a quick ratio of 1.06.

Salesforce (NYSE:CRMGet Rating) last posted its quarterly earnings data on Wednesday, August 24th. The CRM provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.15. The business had revenue of $7.72 billion during the quarter, compared to analysts’ expectations of $7.70 billion. Salesforce had a return on equity of 3.32% and a net margin of 1.83%. The business’s revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.87 earnings per share. On average, analysts anticipate that Salesforce, Inc. will post 2.21 EPS for the current fiscal year.

Salesforce declared that its board has approved a share repurchase plan on Wednesday, August 24th that allows the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization allows the CRM provider to reacquire up to 6.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

About Salesforce

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Salesforce, Inc provides customer relationship management technology that brings companies and customers together worldwide. Its Customer 360 platform empowers its customers to work together to deliver connected experiences for their customers. The company's service offerings include Sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and relationship intelligence, and deliver quotes, contracts, and invoices; and Service that enables companies to deliver trusted and highly personalized customer service and support at scale.

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Institutional Ownership by Quarter for Salesforce (NYSE:CRM)

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