Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Salesforce Inc. (NYSE:CRM – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,078,620 shares of the CRM provider’s stock, valued at approximately $325,637,000. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.25% of Salesforce as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in CRM. Brighton Jones LLC boosted its stake in Salesforce by 13.7% during the 4th quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock worth $8,582,000 after purchasing an additional 3,102 shares during the last quarter. Revolve Wealth <a href="https://bitcomme.com/motive-partners-named-to-time-americas-top-venture-capital-firms-2026/” title=”Motive Partners Named to TIME America’s Top Venture Capital Firms 2026″>Partners LLC lifted its stake in shares of Salesforce by 12.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock worth $611,000 after buying an additional 205 shares in the last quarter. Bison Wealth LLC boosted its position in Salesforce by 9.0% during the fourth quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock worth $747,000 after acquiring an additional 184 shares during the last quarter. Sivia Capital Partners LLC grew its stake in Salesforce by 3.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,958 shares of the CRM provider’s stock valued at $807,000 after acquiring an additional 106 shares in the last quarter. Finally, United Bank raised its holdings in Salesforce by 5.2% in the 2nd quarter. United Bank now owns 10,198 shares of the CRM provider’s stock valued at $2,781,000 after acquiring an additional 500 shares during the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. began coverage on shares of Salesforce in a research note on Thursday, August 13th. They issued an “overweight” rating and a $250.00 target price on the stock. The Goldman Sachs Group began coverage on Salesforce in a report on Thursday, June 18th. They issued a “neutral” rating for the company. Bank of America started coverage on Salesforce in a research note on Monday, May 18th. They issued an “underperform” rating and a $160.00 target price for the company. Royal Bank Of Canada lowered Salesforce from a “sector perform” rating to a “sector perform” rating in a report on Wednesday, July 1st. Finally, Monness Crespi & Hardt upped their price objective on shares of Salesforce from $200.00 to $222.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, seventeen have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Salesforce currently has a consensus rating of “Moderate Buy” and a consensus price target of $249.05.
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