Arizona State Retirement System reduced its position in shares of <a href="https://bitcomme.com/salesforce-inc-crm-stake-raised-by-winton-group-ltd/” title=”Salesforce Inc. $CRM Stake Raised by WINTON GROUP Ltd”>Salesforce Inc. (NYSE:CRM – Free Report) by 13.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 221,319 shares of the CRM provider’s stock after selling 35,403 shares during the period. Arizona State Retirement System’s holdings in Salesforce were worth $34,672,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. California State Teachers Retirement System boosted its position in shares of Salesforce by 13,260.5% in the second quarter. California State Teachers Retirement System now owns 188,085,056 shares of the CRM provider’s stock valued at $29,465,405,000 after acquiring an additional 186,677,290 shares during the period. BlackRock Inc. acquired a new stake in Salesforce during the second quarter worth approximately $11,396,844,000. J. Stern & Co. LLP increased its stake in 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 acquiring an additional 47,189,352 shares during the period. Bank of America Corp DE bought a new position in Salesforce during the 2nd quarter worth $1,914,086,000. Finally, Norges Bank bought a new stake in shares of Salesforce during the 4th quarter valued at $3,182,951,000. 80.43% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
CRM has been the subject of a number of analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $225.00 price target on shares of Salesforce in a research note on Tuesday, August 25th. JPMorgan Chase & Co. boosted their target price on shares of Salesforce from $250.00 to $265.00 and gave the company an “overweight” rating in a research report on Thursday, August 27th. Citizens Jmp reiterated a “market outperform” rating and set a $315.00 price target on shares of Salesforce in a research report on Tuesday, August 25th. Wall Street Zen cut shares of Salesforce from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Monness Crespi & Hardt boosted their price objective on shares of Salesforce from $222.00 to $266.00 and gave the company a “buy” rating in a research report on Thursday, August 27th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, fifteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $266.50.
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