Ancora Advisors LLC raised its stake in Salesforce Inc. (NYSE:CRM – Free Report) by 2.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 90,219 shares of the CRM provider’s stock after purchasing an additional 2,195 shares during the period. Ancora Advisors LLC’s holdings in Salesforce were worth $14,134,000 as of its most recent SEC filing.
- The SaaSpocalypse Trade Is Cracking, and These 5 Stocks Are Leading Higher
Other institutional investors have also recently made changes to their positions in the company. Sigma Planning Corp grew its stake in shares of Salesforce by 8.7% in the 2nd quarter. Sigma Planning Corp now owns 18,891 shares of the CRM provider’s stock valued at $2,960,000 after buying an additional 1,517 shares during the period. GTS Securities LLC raised its stake in Salesforce by 279.1% during the 2nd quarter. GTS Securities LLC now owns 14,081 shares of the CRM provider’s stock worth $2,206,000 after buying an additional 10,367 shares during the period. Alyeska Investment Group L.P. bought a new position in Salesforce in the second quarter worth approximately $730,350,000. Flputnam Investment Management Co. boosted its holdings in Salesforce by 145.9% in the second quarter. Flputnam Investment Management Co. now owns 36,217 shares of the CRM provider’s stock worth $5,674,000 after acquiring an additional 21,491 shares in the last quarter. Finally, Capital Advisors Inc. OK grew its stake in Salesforce by 85.2% in the second quarter. Capital Advisors Inc. OK now owns 4,344 shares of the CRM provider’s stock valued at $680,000 after acquiring an additional 1,999 shares during the period. Institutional investors and hedge funds own 80.43% of the company’s stock.
Key Stories Impacting Salesforce
Here are the key news stories impacting Salesforce this week:
- Positive Sentiment:Strong quarterly results and AI momentum: Salesforce exceeded earnings expectations, with revenue increasing 10.8% year over year. Agentforce annual recurring revenue surpassed $1.5 billion, growing 240%, reinforcing the view that customers are adopting Salesforce’s AI agents at scale. Salesforce Q2 2027 Earnings Call Transcript
- Positive Sentiment:Anthropic partnership supports the AI narrative: Reports highlighting Salesforce’s “Claudeforce” integration with Anthropic are adding to expectations that Salesforce can deliver more capable enterprise automation tools and monetize generative AI. Salesforce and Anthropic partnership
- Positive Sentiment:Analyst support: Argus raised its Salesforce price target from $290 to $300 and maintained a Buy rating. Wolfe Research also upgraded the stock, adding further momentum after the earnings report. Salesforce price-target update
- Positive Sentiment:Sector sentiment has improved: Salesforce’s results are helping ease “SaaSpocalypse” concerns that AI could weaken traditional software demand. Investors are instead seeing evidence that AI may increase demand for enterprise platforms. SaaS software stock rally
Salesforce Trading Up 0.8%
Shares of Salesforce stock opened at $258.06 on Tuesday. The company has a market capitalization of $212.38 billion, a P/E ratio of 23.52, a price-to-earnings-growth ratio of 1.12 and a beta of 1.16. The stock has a fifty day simple moving average of $183.40 and a 200 day simple moving average of $182.93. Salesforce Inc. has a 12-month low of $146.32 and a 12-month high of $269.11. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.02.
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