Fort Washington Investment Advisors Inc. OH decreased its position in shares of Salesforce Inc. (NYSE:CRM – Free Report) by 2.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 874,628 shares of the CRM provider’s stock after selling 25,653 shares during the quarter. Salesforce accounts for approximately 1.0% of Fort Washington Investment Advisors Inc. OH’s investment portfolio, making the stock its 22nd largest position. Fort Washington Investment Advisors Inc. OH owned 0.11% of Salesforce worth $200,788,000 at the end of the most recent reporting period.
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A number of other large investors have also recently bought and sold shares of CRM. BlackRock Inc. bought a new stake in shares of Salesforce during the 2nd quarter worth approximately $11,396,844,000. Arrowstreet Capital Limited Partnership increased its stake in Salesforce by 130.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 12,659,217 shares of the CRM provider’s stock valued at $2,363,096,000 after acquiring an additional 7,160,302 shares during the last quarter. Bank of America Corp DE increased its stake in Salesforce by 28.0% in the first quarter. Bank of America Corp DE now owns 11,724,790 shares of the CRM provider’s stock valued at $2,188,666,000 after acquiring an additional 2,561,923 shares during the last quarter. Legal & General Group Plc bought a new position in Salesforce in the second quarter valued at approximately $927,332,000. Finally, Bank of New York Mellon Corp acquired a new position in Salesforce during the second quarter valued at approximately $844,928,000. 80.43% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
CRM has been the subject of several recent analyst reports. Citigroup restated a “market outperform” rating on shares of Salesforce in a research note on Friday, September 18th. Erste Group Bank raised Salesforce from a “hold” rating to a “buy” rating in a report on Wednesday, August 5th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $250.00 price target on shares of Salesforce in a research note on Thursday, September 17th. Phillip Securities cut Salesforce from a “buy” rating to a “hold” rating and lowered their price target for the stock from $253.00 to $166.00 in a report on Monday, June 29th. Finally, BTIG Research reissued a “buy” rating and set a $300.00 price target on shares of Salesforce in a report on Wednesday, September 2nd. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $278.12.
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