Mondrian Investment Partners LTD cut its stake in Salesforce Inc. (NYSE:CRM – Free Report) by 46.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 354,837 shares of the CRM provider’s stock after selling 309,708 shares during the period. Salesforce accounts for about 1.8% of Mondrian Investment Partners LTD’s investment portfolio, making the stock its 20th biggest position. Mondrian Investment Partners LTD’s holdings in Salesforce were worth $81,460,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new position in Salesforce during the 2nd quarter worth $11,396,844,000. Arrowstreet Capital Limited Partnership raised its position in shares of Salesforce by 130.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 12,659,217 shares of the CRM provider’s stock worth $2,363,096,000 after acquiring an additional 7,160,302 shares during the last quarter. Bank of America Corp DE raised its position in shares of Salesforce by 28.0% during the first quarter. Bank of America Corp DE now owns 11,724,790 shares of the CRM provider’s stock worth $2,188,666,000 after acquiring an additional 2,561,923 shares during the last quarter. Legal & General Group Plc acquired a new position in shares of Salesforce during the second quarter valued at $927,332,000. Finally, Bank of New York Mellon Corp bought a new stake in Salesforce during the 2nd quarter worth about $844,928,000. Institutional investors and hedge funds own 80.43% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on CRM. Oppenheimer restated an “outperform” rating on shares of Salesforce in a research report on Thursday, September 17th. BTIG Research reiterated a “buy” rating and set a $300.00 price target on shares of Salesforce in a research report on Wednesday, September 2nd. Cantor Fitzgerald reissued an “overweight” rating and set a $300.00 price target on shares of Salesforce in a research note on Wednesday. DA Davidson increased their price objective on shares of Salesforce from $225.00 to $250.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Salesforce in a research note on Thursday, September 17th. Three research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $278.98.
Ad Decentralized Masters
Bank of America: ‘Digital Dollar Inevitable’
Bank of America just revealed your expiration date. In their Bloomberg interview, they didn’t just predict the digital dollar. They gave us the timeline… 2025 to 2030. We’re in that window right now.nnOnce the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen.nnOver 4,500 investors have already used this legal backdoor to hold assets CBDCs can’t freeze and generate yields the Federal Reserve can’t touch.
Watch how to access the legal backdoor before it closes.
