BlueSpruce Investments LP Has $248.13 Million Stake in Salesforce Inc. $CRM

BlueSpruce Investments LP trimmed its holdings in Salesforce Inc. (NYSE:CRM) by 3.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 909,917 shares of the CRM provider’s stock after selling 35,477 shares during the period. Salesforce makes up 5.8% of BlueSpruce Investments LP’s investment portfolio, making the stock its 10th biggest holding. BlueSpruce Investments LP owned approximately 0.10% of Salesforce worth $248,125,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Painted Porch Advisors LLC lifted its holdings in Salesforce by 260.0% during the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock worth $25,000 after purchasing an additional 65 shares in the last quarter. CBIZ Investment Advisory Services LLC lifted its holdings in shares of Salesforce by 314.8% in the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock worth $30,000 after buying an additional 85 shares in the last quarter. Christopher J. Hasenberg Inc boosted its position in shares of Salesforce by 383.3% in the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock valued at $32,000 after acquiring an additional 92 shares during the period. Maseco LLP purchased a new position in Salesforce during the second quarter valued at approximately $34,000. Finally, Quaker Wealth Management LLC increased its holdings in Salesforce by 208.6% during the 2nd quarter. Quaker Wealth Management LLC now owns 126 shares of the CRM provider’s stock worth $34,000 after acquiring an additional 242 shares during the period. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on CRM. Cantor Fitzgerald reissued an “overweight” rating on shares of Salesforce in a report on Thursday, December 4th. JMP Securities reiterated a “market outperform” rating and issued a $430.00 price objective on shares of Salesforce in a research report on Friday, October 17th. Citizens Jmp restated a “market outperform” rating and set a $430.00 target price on shares of Salesforce in a research report on Tuesday, December 2nd. Sanford C. Bernstein reaffirmed an “underperform” rating on shares of Salesforce in a report on Thursday, December 4th. Finally, Stifel Nicolaus dropped their price target on Salesforce from $325.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, October 9th. Twenty-eight investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $326.46.

Insider Activity

In other news, insider Parker Harris sold 134,662 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $234.70, for a total transaction of $31,605,171.40. Following the completion of the sale, the insider owned 139,767 shares of the company’s stock, valued at approximately $32,803,314.90. This represents a 49.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director G Mason Morfit bought 96,000 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The stock was purchased at an average cost of $260.58 per share, for a total transaction of $25,015,680.00. Following the completion of the purchase, the director owned 2,994,509 shares of the company’s stock, valued at $780,309,155.22. This trade represents a 3.31% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders sold 177,534 shares of company stock valued at $42,194,197. Insiders own 3.00% of the company’s stock.

Salesforce Stock Performance

NYSE:CRM opened at $262.34 on Friday. The company has a market capitalization of $245.81 billion, a price-to-earnings ratio of 35.03, a PEG ratio of 1.96 and a beta of 1.25. The business has a 50 day moving average of $245.50 and a 200 day moving average of $252.26. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.98 and a quick ratio of 0.98. Salesforce Inc. has a 1-year low of $221.96 and a 1-year high of $367.09.

Salesforce (NYSE:CRM) last posted its quarterly earnings results on Wednesday, December 3rd. The CRM provider reported $3.25 EPS for the quarter, topping the consensus estimate of $2.86 by $0.39. Salesforce had a net margin of 17.91% and a return on equity of 14.41%. The firm had revenue of $10.26 billion for the quarter, compared to the consensus estimate of $10.27 billion. During the same period last year, the firm posted $2.41 earnings per share. The business’s revenue was up 9.1% compared to the same quarter last year. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. On average, sell-side analysts predict 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 will be paid on Thursday, January 8th. Stockholders of record on Thursday, December 18th will be issued a $0.416 dividend. The ex-dividend date is Thursday, December 18th. This represents a $1.66 annualized dividend and a dividend yield of 0.6%. Salesforce’s payout ratio is currently 22.16%.

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.