Heron Bay Capital Management acquired a new position in Salesforce Inc. (NYSE:CRM – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 97,010 shares of the CRM provider’s stock, valued at approximately $15,198,000. Salesforce comprises approximately 1.4% of Heron Bay Capital Management’s portfolio, making the stock its 25th largest position.
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Other large investors have also recently bought and sold shares of the company. Temasek Holdings Private Ltd raised its stake in shares of Salesforce by 3.7% in the 4th quarter. Temasek Holdings Private Ltd now owns 683,790 shares of the CRM provider’s stock valued at $181,143,000 after buying an additional 24,332 shares in the last quarter. SFE Investment Counsel boosted its position in shares of Salesforce by 82.7% during the 4th 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 in the last quarter. Fluent Financial LLC acquired a new stake in shares of Salesforce during the 2nd quarter valued at about $2,265,000. Secured Retirement Advisors LLC bought a new stake in Salesforce in the first quarter valued at about $1,004,000. Finally, Janus Henderson Group PLC increased its stake in Salesforce by 2.5% in the first quarter. Janus Henderson Group PLC now owns 127,739 shares of the CRM provider’s stock valued at $23,846,000 after acquiring an additional 3,125 shares during the period. 80.43% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts have commented on the stock. Piper Sandler cut shares of Salesforce from an “overweight” rating to a “neutral” rating in a research note on Thursday, May 28th. Weiss Ratings upgraded Salesforce from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 12th. Wedbush assumed coverage on Salesforce in a report on Wednesday, July 1st. They issued an “outperform” rating for the company. Erste Group Bank upgraded Salesforce from a “hold” rating to a “buy” rating in a research report on Wednesday, August 5th. Finally, KeyCorp cut Salesforce from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, eighteen have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Salesforce has an average rating of “Moderate Buy” and an average price target of $249.87.
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