Exencial Wealth Advisors LLC Sells 12,510 Shares of Salesforce, Inc. (NYSE:CRM)

Exencial Wealth Advisors LLC trimmed its position in shares of Salesforce, Inc. (NYSE:CRMGet Rating) by 24.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,688 shares of the CRM provider’s stock after selling 12,510 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in Salesforce were worth $9,578,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Morgan Stanley increased its holdings in shares of Salesforce by 20.2% during the second quarter. Morgan Stanley now owns 16,563,897 shares of the CRM provider’s stock worth $4,046,065,000 after buying an additional 2,787,393 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Salesforce by 5.3% during the third quarter. Wellington Management Group LLP now owns 15,889,819 shares of the CRM provider’s stock worth $4,309,637,000 after buying an additional 805,630 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Salesforce by 8.1% during the third quarter. Geode Capital Management LLC now owns 14,884,328 shares of the CRM provider’s stock worth $4,024,519,000 after buying an additional 1,109,641 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of Salesforce by 4.7% during the fourth quarter. Fisher Asset Management LLC now owns 14,565,099 shares of the CRM provider’s stock worth $3,701,429,000 after buying an additional 655,371 shares in the last quarter. Finally, Jennison Associates LLC increased its holdings in shares of Salesforce by 42.2% during the fourth quarter. Jennison Associates LLC now owns 13,808,917 shares of the CRM provider’s stock worth $3,509,260,000 after buying an additional 4,096,666 shares in the last quarter. 77.75% of the stock is owned by institutional investors.

Several analysts have recently weighed in on the stock. Loop Capital dropped their price objective on shares of Salesforce from $275.00 to $225.00 in a report on Monday, February 7th. Wells Fargo & Company decreased their price target on shares of Salesforce from $340.00 to $265.00 and set an “overweight” rating on the stock in a research note on Thursday, February 24th. Zacks Investment Research cut shares of Salesforce from a “strong-buy” rating to a “hold” rating and set a $244.00 price target on the stock. in a research note on Tuesday, February 1st. StockNews.com assumed coverage on shares of Salesforce in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Robert W. Baird decreased their price target on shares of Salesforce from $315.00 to $300.00 in a research note on Wednesday, March 2nd. Seven research analysts have rated the stock with a hold rating, thirty-five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Salesforce currently has an average rating of “Buy” and an average price target of $299.50.

In other Salesforce news, CFO Amy E. Weaver sold 2,625 shares of Salesforce stock in a transaction on Wednesday, March 23rd. The shares were sold at an average price of $210.93, for a total value of $553,691.25. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Marc Benioff sold 2,300 shares of Salesforce stock in a transaction on Monday, February 14th. The shares were sold at an average price of $207.46, for a total transaction of $477,158.00. The disclosure for this sale can be found here. Insiders sold a total of 139,735 shares of company stock worth $27,703,794 over the last quarter. Company insiders own 4.10% of the company’s stock.

Shares of NYSE:CRM traded up $6.49 during midday trading on Friday, reaching $166.91. 6,499,749 shares of the company were exchanged, compared to its average volume of 7,193,931. Salesforce, Inc. has a fifty-two week low of $154.64 and a fifty-two week high of $311.75. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.18. The stock has a fifty day simple moving average of $193.39 and a two-hundred day simple moving average of $229.95. The firm has a market cap of $165.30 billion, a PE ratio of 111.27, a P/E/G ratio of 4.59 and a beta of 1.16.

Salesforce (NYSE:CRMGet Rating) last issued its quarterly earnings data on Tuesday, March 1st. The CRM provider reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.12. Salesforce had a net margin of 5.45% and a return on equity of 4.76%. The business had revenue of $7.33 billion for the quarter, compared to analyst estimates of $7.24 billion. During the same period last year, the business posted $0.54 earnings per share. The firm’s quarterly revenue was up 25.9% on a year-over-year basis. As a group, analysts forecast that Salesforce, Inc. will post 2.1 earnings per share for the current year.

Salesforce Profile (Get Rating)

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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