Lansforsakringar Fondforvaltning AB publ lowered its position in shares of Salesforce Inc. (NYSE:CRM – Free Report) by 2.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 308,953 shares of the CRM provider’s stock after selling 7,359 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in Salesforce were worth $57,672,000 as of its most recent SEC filing.
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A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Byrne Asset Management LLC grew its position in shares of Salesforce by 1.0% during the 4th quarter. Byrne Asset Management LLC now owns 4,331 shares of the CRM provider’s stock valued at $1,147,000 after purchasing an additional 43 shares in the last quarter. Mathes Company Inc. raised its position in shares of Salesforce by 0.4% in the third quarter. Mathes Company Inc. now owns 12,558 shares of the CRM provider’s stock worth $2,976,000 after buying an additional 45 shares in the last quarter. Fred Alger Management LLC raised its position in shares of Salesforce by 0.3% in the third quarter. Fred Alger Management LLC now owns 14,943 shares of the CRM provider’s stock worth $3,548,000 after buying an additional 45 shares in the last quarter. Fulcrum Asset Management LLP boosted its stake in Salesforce by 1.7% during the third quarter. Fulcrum Asset Management LLP now owns 2,774 shares of the CRM provider’s stock valued at $657,000 after buying an additional 46 shares during the period. Finally, Pine Haven Investment Counsel Inc grew its position in Salesforce by 1.5% during the fourth quarter. Pine Haven Investment Counsel Inc now owns 3,152 shares of the CRM provider’s stock worth $835,000 after buying an additional 46 shares in the last quarter. Institutional investors own 80.43% of the company’s stock.
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Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on CRM shares. B. Riley Financial upped their target price on Salesforce from $205.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Wolfe Research reissued an “outperform” rating on shares of Salesforce in a report on Monday, June 15th. Wedbush restated an “outperform” rating and issued a $325.00 price objective on shares of Salesforce in a research report on Thursday, May 28th. Royal Bank Of Canada reaffirmed a “neutral” rating on shares of Salesforce in a research note on Thursday, June 4th. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Salesforce in a research report on Tuesday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, twelve have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $255.14.
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