Chesley Taft & Associates LLC boosted its position in shares of Salesforce Inc. (NYSE:CRM – Free Report) by 96.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 85,183 shares of the CRM provider’s stock after purchasing an additional 41,847 shares during the quarter. Chesley Taft & Associates LLC’s holdings in Salesforce were worth $13,345,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Temasek Holdings Private Ltd lifted its holdings in Salesforce by 3.7% during the fourth quarter. Temasek Holdings Private Ltd now owns 683,790 shares of the CRM provider’s stock worth $181,143,000 after acquiring an additional 24,332 shares in the last quarter. SFE Investment Counsel grew its stake in Salesforce by 82.7% in the fourth quarter. SFE Investment Counsel now owns 17,394 shares of the CRM provider’s stock valued at $4,608,000 after acquiring an additional 7,871 shares during the period. Secured Retirement Advisors LLC bought a new stake in shares of Salesforce in the first quarter worth about $1,004,000. Janus Henderson Group PLC raised its position in shares of Salesforce by 2.5% during the first quarter. Janus Henderson Group PLC now owns 127,739 shares of the CRM provider’s stock worth $23,846,000 after purchasing an additional 3,125 shares during the period. Finally, TAM Capital Management Inc. acquired a new stake in shares of Salesforce during the first quarter worth about $40,945,000. Institutional investors own 80.43% of the company’s stock.
Wall Street Analysts Forecast Growth
CRM has been the subject of several research analyst reports. Daiwa Securities Group decreased their price objective on Salesforce from $295.00 to $280.00 and set a “buy” rating for the company in a research report on Tuesday, June 2nd. Wedbush started coverage on shares of Salesforce in a report on Wednesday, July 1st. They set an “outperform” rating on the stock. Erste Group Bank raised shares of Salesforce from a “hold” rating to a “buy” rating in a research note on Wednesday. Macquarie Infrastructure reduced their price target on shares of Salesforce from $200.00 to $190.00 and set a “neutral” rating for the company in a report on Thursday, May 28th. Finally, Scotiabank downgraded shares of Salesforce from a “sector outperform” rating to a “sector perform” rating in a research report on Thursday, June 18th. Two 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $249.51.
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