Flputnam Investment Management Co. bought a new position in shares of Salesforce Inc. (NYSE:CRM – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 36,217 shares of the CRM provider’s stock, valued at approximately $5,674,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Fred Alger Management LLC lifted its position in Salesforce by 0.3% during the 3rd quarter. Fred Alger Management LLC now owns 14,943 shares of the CRM provider’s stock worth $3,548,000 after acquiring an additional 45 shares during the last quarter. Richards Merrill & Peterson Inc. increased its stake in shares of Salesforce by 1.1% in the fourth quarter. Richards Merrill & Peterson Inc. now owns 4,239 shares of the CRM provider’s stock worth $1,123,000 after purchasing an additional 46 shares during the period. Mowery & Schoenfeld Wealth Management LLC lifted its position in shares of Salesforce by 6.9% during the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 745 shares of the CRM provider’s stock worth $197,000 after purchasing an additional 48 shares during the last quarter. Synergy Financial Group LTD boosted its stake in Salesforce by 2.4% during the 3rd quarter. Synergy Financial Group LTD now owns 2,035 shares of the CRM provider’s stock valued at $482,000 after purchasing an additional 48 shares during the period. Finally, Arbor Capital Management Inc. ADV boosted its stake in Salesforce by 1.6% during the 4th quarter. Arbor Capital Management Inc. ADV now owns 3,321 shares of the CRM provider’s stock valued at $884,000 after purchasing an additional 51 shares during the period. 80.43% of the stock is currently owned by institutional investors and hedge funds.
Salesforce News Roundup
Here are the key news stories impacting Salesforce this week:
- Positive Sentiment:JPMorgan resumed coverage with an Overweight rating and a $250 price target, citing potential acceleration in Salesforce’s core business during the second half of the year. The target implies more than 24% upside from recent levels. JPMorgan bullish Salesforce coverage
- Positive Sentiment:Monness Crespi & Hardt raised its Salesforce price target to $222 from $200 and maintained a Buy rating. UBS and Wells Fargo also reportedly forecast strong appreciation, reinforcing improving sell-side sentiment. Monness Crespi Salesforce price target
- Positive Sentiment:Salesforce’s Agentforce platform is gaining traction, giving the company a way to use its large CRM customer base to compete with Microsoft and Oracle in enterprise “agentic” AI. Salesforce agentic AI analysis
- Positive Sentiment:A Seeking Alpha analysis argues that Salesforce’s $27.1 billion share-repurchase program, equivalent to an estimated 23% net buyback yield, could support earnings-per-share growth. The stock also appears inexpensive at roughly 14 times forward earnings, although buybacks have increased debt. Salesforce buyback analysis
- Neutral Sentiment:Salesforce has recently posted strong momentum, with reports noting three consecutive weeks of gains and substantial one-month appreciation. That run may be encouraging investors, but it also raises the possibility of profit-taking.
- Negative Sentiment:Parnassus Investments indicated that Salesforce has lost favor as AI opportunities shift toward competing or substitute technologies. Other commentary likewise warns that alternative software and AI-native tools threaten Salesforce’s traditional CRM franchise. Salesforce AI competition concerns
Salesforce Stock Performance
Salesforce stock opened at $195.86 on Monday. The firm has a market capitalization of $160.41 billion, a P/E ratio of 22.67, a P/E/G ratio of 1.06 and a beta of 1.16. The stock has a fifty day moving average price of $171.41 and a two-hundred day moving average price of $181.95. Salesforce Inc. has a 52-week low of $146.32 and a 52-week high of $269.11. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.79 and a quick ratio of 0.79.
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