Greenleaf Trust reduced its stake in shares of Salesforce Inc. (NYSE:CRM – Free Report) by 4.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,660 shares of the CRM provider’s stock after selling 5,018 shares during the period. Greenleaf Trust’s holdings in Salesforce were worth $22,420,000 as of its most recent SEC filing.
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Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Salesforce during the second quarter worth $11,396,844,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Salesforce by 130.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 12,659,217 shares of the CRM provider’s stock worth $2,363,096,000 after purchasing an additional 7,160,302 shares during the period. Bank of America Corp DE acquired a new stake in shares of Salesforce in the second quarter worth $1,914,086,000. Legal & General Group Plc purchased a new position in Salesforce in the second quarter valued at about $927,332,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Salesforce during the second quarter worth $844,928,000. 80.43% of the stock is currently owned by hedge funds and other institutional investors.
Key Headlines Impacting Salesforce
Here are the key news stories impacting Salesforce this week:
- Positive Sentiment:Salesforce signed a definitive agreement to acquire Rune Technologies, a defense-technology company. The deal supports Salesforce’s push into military and government applications, potentially expanding its addressable market and adding a specialized technology platform. Financial terms were not disclosed. Salesforce Signs Definitive Agreement to Acquire Rune Technologies
- Positive Sentiment:TPM Holdings completed an 18-month realignment centered on Salesforce CRM and artificial intelligence for the architecture, engineering and construction industries. Its combination of TrebleHook and The Hunley Group could expand Salesforce-based implementations and demonstrate growing demand for industry-specific AI tools. TPM Holdings Accelerates Investment in AI and Salesforce CRM
- Positive Sentiment:Several analyst and investment articles describe Salesforce as a potential AI rebound candidate, citing autonomous AI agents, improving monetization, strong free cash flow and its leadership in customer relationship management. These views may support longer-term sentiment, although they are not new company guidance. AI Comeback Story Article
- Neutral Sentiment:Salesforce’s earnings report is approaching, making upcoming revenue growth, AI adoption, margins and forward guidance the main near-term catalysts. The company’s latest reported quarter included revenue of $11.35 billion and adjusted earnings that exceeded consensus estimates. Salesforce Earnings Preview
- Negative Sentiment:Salesforce declined in sympathy with ServiceNow, Fortinet and other software stocks after investors focused on slower contracted-revenue growth despite earnings beats and higher AI targets. The reaction has renewed concerns about enterprise-software demand, AI monetization timelines and elevated sector valuations. ServiceNow Results Dent Software Stocks
Salesforce Stock Performance
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Shares of CRM opened at $228.56 on Monday. Salesforce Inc. has a 12 month low of $146.32 and a 12 month high of $269.11. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.02. The firm has a fifty day simple moving average of $238.94 and a 200 day simple moving average of $198.88. The stock has a market capitalization of $188.10 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 1.04 and a beta of 1.24.
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