UNIVEST FINANCIAL Corp acquired a new stake in Salesforce Inc. (NYSE:CRM – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 55,576 shares of the CRM provider’s stock, valued at approximately $8,707,000.
Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Salesforce in the 2nd quarter valued at $11,396,844,000. J. Stern & Co. LLP lifted its position in shares of Salesforce by 24,056.7% during the 4th quarter. J. Stern & Co. LLP now owns 47,385,511 shares of the CRM provider’s stock worth $12,552,896,000 after buying an additional 47,189,352 shares during the last quarter. Norges Bank bought a new stake in shares of Salesforce during the 4th quarter worth $3,182,951,000. Arrowstreet Capital Limited Partnership boosted 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 buying an additional 7,160,302 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Salesforce in the second quarter valued at about $844,928,000. 80.43% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research analysts have commented on CRM shares. Barclays raised Salesforce from an “overweight” rating to an “overweight” rating in a research note on Thursday, June 18th. Susquehanna started coverage on shares of Salesforce in a report on Wednesday, July 1st. They set a “neutral” rating on the stock. Erste Group Bank upgraded shares of Salesforce from a “hold” rating to a “buy” rating in a research report on Wednesday, August 5th. Roth Capital reissued a “buy” rating and issued a $325.00 price objective on shares of Salesforce in a research note on Thursday, May 28th. Finally, TD Cowen restated a “buy” rating on shares of Salesforce in a research report on Friday, June 12th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, seventeen have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $249.05.
Ad Brownstone Research
Nvidia’s CEO says this small device is critical for AI growth
A tiny glass device smaller than a fingertip could redefine AI hardware. Nvidia CEO Jensen Huang calls it essential for AI to scale, while Sequoia Capital labels it a holy grail.nnStocks tied to this technology have already surged 133 percent, 217 percent, and 320 percent in recent months, according to Brownstone Research analyst Jason Bodner, who identified Nvidia at 4.50.
Click now to discover Bodner’s top AI stock pick before others catch on
