Canada Pension Plan Investment Board bought a new stake in shares of Salesforce Inc. (NYSE:CRM – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 366,320 shares of the CRM provider’s stock, valued at approximately $57,388,000.
Several other institutional investors also recently modified their holdings of CRM. BlackRock Inc. bought a new position in Salesforce during the 2nd quarter valued at approximately $11,396,844,000. State Street Corp grew its stake in shares of Salesforce by 1.3% in the fourth quarter. State Street Corp now owns 50,080,230 shares of the CRM provider’s stock worth $13,286,909,000 after acquiring an additional 659,573 shares during the last quarter. J. Stern & Co. LLP grew its stake in shares of Salesforce by 24,056.7% in the fourth 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 last quarter. Capital International Investors increased its holdings in shares of Salesforce by 13.3% during the fourth quarter. Capital International Investors now owns 22,721,010 shares of the CRM provider’s stock valued at $6,019,199,000 after acquiring an additional 2,669,891 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Salesforce by 3.8% during the fourth quarter. Geode Capital Management LLC now owns 21,782,556 shares of the CRM provider’s stock valued at $5,751,073,000 after acquiring an additional 791,345 shares in the last quarter. 80.43% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on CRM. TD Cowen upped their price target on shares of Salesforce from $240.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $225.00 target price on shares of Salesforce in a report on Tuesday. Piper Sandler downgraded shares of Salesforce from an “overweight” rating to a “neutral” rating in a research note on Thursday, May 28th. Truist <a href="https://bitcomme.com/kraken-robotics-reports-q2-2026-financial-results/” title=”Kraken Robotics Reports Q2 2026 Financial Results”>Financial reiterated a “buy” rating and issued a $300.00 target price (up from $280.00) on shares of Salesforce in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Salesforce in a report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, sixteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $261.15.
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