Cardano Risk Management B.V. lifted its stake in Salesforce Inc. (NYSE:CRM – Free Report) by 9.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 432,871 shares of the CRM provider’s stock after purchasing an additional 36,865 shares during the quarter. Cardano Risk Management B.V. owned 0.05% of Salesforce worth $67,814,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. Commonwealth Retirement Investments LLC bought a new stake in Salesforce during the 4th quarter valued at about $25,000. Key Capital Management INC bought a new position in shares of Salesforce in the fourth quarter worth approximately $26,000. Gilpin Wealth Management LLC bought a new position in shares of Salesforce in the fourth quarter worth approximately $26,000. Legacy Bridge LLC purchased a new stake in shares of Salesforce during the fourth quarter valued at approximately $27,000. Finally, Costello Asset Management INC grew its holdings in shares of Salesforce by 410.3% during the first quarter. Costello Asset Management INC now owns 148 shares of the CRM provider’s stock valued at $28,000 after buying an additional 119 shares during the last quarter. Institutional investors own 80.43% of the company’s stock.
Analyst Ratings Changes
A number of brokerages recently weighed in on CRM. Daiwa Securities Group decreased their price objective on shares of Salesforce from $295.00 to $280.00 and set a “buy” rating for the company in a report on Tuesday, June 2nd. HSBC lifted their target price on Salesforce from $350.00 to $356.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Evercore restated an “outperform” rating on shares of Salesforce in a research note on Tuesday, July 14th. Erste Group Bank raised Salesforce from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Weiss Ratings cut Salesforce from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, sixteen have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, Salesforce presently has a consensus rating of “Moderate Buy” and a consensus price target of $249.51.
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