Public Employees Retirement System of Ohio bought a new position in Salesforce Inc. (NYSE:CRM – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 313,053 shares of the CRM provider’s stock, valued at approximately $49,043,000.
Several other institutional investors and hedge funds have also made changes to their positions in CRM. Brighton Jones LLC grew its holdings in shares of Salesforce by 13.7% during the fourth quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock valued at $8,582,000 after purchasing an additional 3,102 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in shares of Salesforce by 12.6% during 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 during the period. Bison Wealth LLC grew its stake in shares of Salesforce by 9.0% in the fourth quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock worth $747,000 after purchasing an additional 184 shares in the last quarter. Sivia Capital Partners LLC increased 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 buying an additional 106 shares during the period. Finally, United Bank increased its stake in shares of Salesforce by 5.2% during the second 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 period. 80.43% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on CRM shares. Raymond James Financial reiterated a “strong-buy” rating on shares of Salesforce in a research report on Thursday. Daiwa Securities Group dropped their target price on shares of Salesforce from $295.00 to $280.00 and set a “buy” rating on the stock in a research report on Tuesday, June 2nd. Guggenheim restated a “buy” rating and issued a $228.00 price target on shares of Salesforce in a research report on Thursday. Sanford C. Bernstein reiterated an “outperform” rating on shares of Salesforce in a research report on Thursday. Finally, DA Davidson increased their target price on Salesforce from $175.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, sixteen have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Salesforce presently has a consensus rating of “Moderate Buy” and an average target price of $261.15.
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