Fragasso Financial Advisors Inc cut its stake in shares of Salesforce Inc. (NYSE:CRM – Free Report) by 27.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,381 shares of the CRM provider’s stock after selling 3,120 shares during the period. Fragasso Financial Advisors Inc’s holdings in Salesforce were worth $1,920,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
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Other hedge funds and other institutional investors also recently bought and sold shares of the company. Temasek Holdings Private Ltd raised its holdings in shares of Salesforce by 3.7% during the fourth quarter. Temasek Holdings Private Ltd now owns 683,790 shares of the CRM provider’s stock worth $181,143,000 after acquiring an additional 24,332 shares during the period. Fluent Financial LLC acquired a new position in shares of Salesforce during the 2nd quarter worth about $2,265,000. TAM Capital Management Inc. acquired a new position in Salesforce during the first quarter valued at approximately $40,945,000. Secured Retirement Advisors LLC bought a new stake in shares of Salesforce during the 1st quarter worth approximately $1,004,000. Finally, Janus Henderson Group PLC increased its holdings in Salesforce by 2.5% during the first quarter. Janus Henderson Group PLC now owns 127,739 shares of the CRM provider’s stock worth $23,846,000 after buying an additional 3,125 shares during the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.
Analyst Ratings Changes
Several research analysts have recently commented on the company. Raymond James Financial reiterated a “strong-buy” rating on shares of Salesforce in a research note on Thursday, August 27th. Needham & Company LLC reiterated a “buy” rating on shares of Salesforce in a research note on Thursday, September 17th. HC Wainwright cut shares of Salesforce to a “negative” rating in a research report on Thursday, June 18th. Scotiabank downgraded shares of Salesforce from a “sector outperform” rating to a “sector perform” rating in a research report on Thursday, June 18th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $300.00 target price on shares of Salesforce in a report on Thursday, September 17th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Salesforce presently has an average rating of “Moderate Buy” and a consensus target price of $278.12.
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