Vise Technologies Inc. raised its holdings in Salesforce Inc. (NYSE:CRM – Free Report) by 39.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 45,628 shares of the CRM provider’s stock after purchasing an additional 12,828 shares during the period. Vise Technologies Inc.’s holdings in Salesforce were worth $10,475,000 at the end of the most recent quarter.
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Other institutional investors and hedge funds have also made changes to their positions in the company. Grandfield & Dodd LLC raised its stake in shares of Salesforce by 12.0% during the 3rd quarter. Grandfield & Dodd LLC now owns 1,866 shares of the CRM provider’s stock worth $428,000 after buying an additional 200 shares during the period. Cidel Asset Management Inc. lifted its position in shares of Salesforce by 13.5% during the 3rd quarter. Cidel Asset Management Inc. now owns 4,901 shares of the CRM provider’s stock valued at $1,125,000 after buying an additional 583 shares in the last quarter. Intrua Financial LLC purchased a new position in shares of Salesforce during the 3rd quarter valued at approximately $250,000. Greatmark Investment Partners Inc. acquired a new stake in Salesforce in the 3rd quarter valued at $201,000. Finally, Americana Partners LLC grew its stake in Salesforce by 5.9% in the 3rd quarter. Americana Partners LLC now owns 6,560 shares of the CRM provider’s stock valued at $1,506,000 after acquiring an additional 365 shares during the period. 80.43% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities analysts have weighed in on CRM shares. Guggenheim upped their price objective on shares of Salesforce from $270.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, September 17th. Freedom Broker lifted their target price on shares of Salesforce from $230.00 to $295.00 and gave the company a “buy” rating in a research report on Thursday, September 17th. Citigroup reissued a “market outperform” rating on shares of Salesforce in a research note on Tuesday, October 20th. Argus upped their price target on shares of Salesforce from $290.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, August 31st. Finally, CLSA initiated coverage on shares of Salesforce in a research note on Monday, July 20th. They issued a “hold” rating and a $165.00 price target on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $278.98.
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