Commerzbank Aktiengesellschaft FI Acquires New Holdings in Salesforce Inc. $CRM

Commerzbank Aktiengesellschaft FI bought a new stake in Salesforce Inc. (NYSE:CRM) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 588,164 shares of the CRM provider’s stock, valued at approximately $92,142,000. Salesforce makes up about 1.8% of Commerzbank Aktiengesellschaft FI’s investment portfolio, making the stock its 17th largest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CRM. Temasek Holdings Private Ltd raised its position in Salesforce by 3.7% in the 4th quarter. Temasek Holdings Private Ltd now owns 683,790 shares of the CRM provider’s stock valued at $181,143,000 after buying an additional 24,332 shares during the last quarter. SFE Investment Counsel lifted its position in shares of Salesforce by 82.7% in the fourth quarter. SFE Investment Counsel now owns 17,394 shares of the CRM provider’s stock worth $4,608,000 after purchasing an additional 7,871 shares in the last quarter. Fluent Financial LLC acquired a new position in Salesforce during the second quarter worth $2,265,000. Secured Retirement Advisors LLC bought a new position in Salesforce in the first quarter valued at $1,004,000. Finally, Janus Henderson Group PLC increased its stake in Salesforce by 2.5% in the 1st quarter. Janus Henderson Group PLC now owns 127,739 shares of the CRM provider’s stock valued at $23,846,000 after buying an additional 3,125 shares during the last quarter. 80.43% of the stock is owned by institutional investors.

Salesforce Stock Down 2.6%

Salesforce stock opened at $191.20 on Tuesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.79 and a quick ratio of 0.79. The company’s 50-day moving average is $171.58 and its 200-day moving average is $181.69. The firm has a market capitalization of $156.59 billion, a PE ratio of 22.13, a P/E/G ratio of 1.06 and a beta of 1.16. Salesforce Inc. has a fifty-two week low of $146.32 and a fifty-two week high of $269.11.

Salesforce (NYSE:CRM) last issued its earnings results on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.13 by $0.75. The business had revenue of $11.13 billion during the quarter, compared to the consensus estimate of $11.05 billion. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. Salesforce’s revenue was up 13.3% on a year-over-year basis. During the same period last year, the business posted $2.58 EPS. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. Sell-side analysts anticipate that Salesforce Inc. will post 10.27 earnings per share for the current year.

Salesforce Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Thursday, June 11th. Salesforce’s payout ratio is currently 20.37%.

Analysts Set New Price Targets

Several equities research analysts have commented on CRM shares. Barclays raised shares of Salesforce from an “overweight” rating to an “overweight” rating in a research report on Thursday, June 18th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Salesforce in a research report on Tuesday, July 21st. Susquehanna began coverage on Salesforce in a report on Wednesday, July 1st. They set a “neutral” rating on the stock. Evercore reissued an “outperform” rating on shares of Salesforce in a research report on Tuesday, July 14th. Finally, Weiss Ratings raised Salesforce from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, seventeen have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $249.05.

Salesforce Profile

Salesforce, founded in 1999 and headquartered in San Francisco, is a global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications. The company popularized the software-as-a-service (SaaS) model for CRM and has built a broad portfolio of products designed to help organizations manage sales, service, marketing, commerce and analytics through a unified, cloud-first platform.

Core offerings include Sales Cloud for sales automation, Service Cloud for customer support, Marketing Cloud for digital marketing and engagement, and Commerce Cloud for e-commerce.