TD Asset Management Inc. Has $274.95 Million Holdings in Salesforce, Inc. (NYSE:CRM)

TD Asset Management Inc. grew its holdings in shares of Salesforce, Inc. (NYSE:CRM) by 9.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 822,377 shares of the CRM provider’s stock after acquiring an additional 72,773 shares during the quarter. TD Asset Management Inc. owned 0.09% of Salesforce worth $274,945,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Infrastructure Capital Advisors LLC bought a new position in Salesforce in the 3rd quarter valued at approximately $27,000. Arlington Trust Co LLC increased its holdings in shares of Salesforce by 85.1% during the fourth quarter. Arlington Trust Co LLC now owns 87 shares of the CRM provider’s stock worth $29,000 after buying an additional 40 shares in the last quarter. Compass Financial Services Inc bought a new position in shares of Salesforce in the 4th quarter valued at $30,000. Asset Planning Inc bought a new stake in Salesforce during the 4th quarter worth $31,000. Finally, Collier Financial acquired a new position in Salesforce in the 4th quarter worth about $32,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

Salesforce Price Performance

Shares of CRM opened at $286.26 on Tuesday. The stock has a market cap of $275.10 billion, a P/E ratio of 47.08, a P/E/G ratio of 2.58 and a beta of 1.35. The business’s fifty day moving average is $312.85 and its 200 day moving average is $310.64. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.14. Salesforce, Inc. has a 12-month low of $212.00 and a 12-month high of $369.00.

Insider Buying and Selling at Salesforce

In other news, CFO Amy E. Weaver sold 6,221 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $329.88, for a total value of $2,052,183.48. Following the completion of the sale, the chief financial officer now directly owns 45,861 shares of the company’s stock, valued at $15,128,626.68. This represents a 11.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider R David Schmaier sold 1,785 shares of Salesforce stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $344.00, for a total value of $614,040.00. Following the transaction, the insider now directly owns 19,116 shares in the company, valued at approximately $6,575,904. The trade was a 8.54 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,541 shares of company stock valued at $11,599,604. Corporate insiders own 3.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Wells Fargo & Company cut their price target on Salesforce from $345.00 to $310.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 27th. Barclays boosted their target price on shares of Salesforce from $415.00 to $425.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Stifel Nicolaus dropped their price target on shares of Salesforce from $425.00 to $375.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Canaccord Genuity Group reduced their price objective on shares of Salesforce from $415.00 to $400.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Finally, Redburn Atlantic initiated coverage on Salesforce in a research report on Wednesday, February 19th. They set a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-one have given a buy rating and five have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $362.74.

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.