Fort Washington Investment Advisors Inc. OH Has $159.66 Million Stock Position in Salesforce Inc. $CRM

Fort Washington Investment Advisors Inc. OH increased its holdings in shares of Salesforce Inc. (NYSE:CRM) by 1.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 855,312 shares of the CRM provider’s stock after purchasing an additional 11,511 shares during the period. Salesforce makes up 0.9% of Fort Washington Investment Advisors Inc. OH’s holdings, making the stock its 24th biggest holding. Fort Washington Investment Advisors Inc. OH’s holdings in Salesforce were worth $159,661,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CRM. Temasek Holdings Private Ltd increased its position in Salesforce by 3.7% during the 4th quarter. Temasek Holdings Private Ltd now owns 683,790 shares of the CRM provider’s stock worth $181,143,000 after purchasing an additional 24,332 shares in the last quarter. SFE Investment Counsel boosted its position in Salesforce by 82.7% in the fourth quarter. SFE Investment Counsel now owns 17,394 shares of the CRM provider’s stock valued at $4,608,000 after buying an additional 7,871 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Salesforce by 8.9% during the third quarter. Van ECK Associates Corp now owns 1,299,513 shares of the CRM provider’s stock worth $307,984,000 after buying an additional 106,107 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of Salesforce by 2.4% during the third quarter. Fisher Asset Management LLC now owns 4,328,230 shares of the CRM provider’s stock worth $1,025,791,000 after buying an additional 101,191 shares during the last quarter. Finally, Eminence Capital LP increased its holdings in shares of Salesforce by 5.6% during the third quarter. Eminence Capital LP now owns 830,536 shares of the CRM provider’s stock worth $196,837,000 after buying an additional 43,888 shares in the last quarter. Institutional investors own 80.43% of the company’s stock.

Key Salesforce News

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: TD Cowen reiterated a Buy rating and a $240 price target on Salesforce, citing AI momentum and growth tied to Agentforce, which reinforces the bullish long-term case for the stock. TD Cowen Reaffirms Buy Rating on Salesforce (CRM) as AI Momentum and Agentforce Drive Growth
• Positive Sentiment: Coverage of Salesforce’s Agentforce and broader AI strategy suggests the company is still seen as a serious player in enterprise AI, which may help offset fears that legacy software growth is slowing. Salesforce Agentforce: A Comprehensive Enterprise Cheat Sheet and Review
• Neutral Sentiment: Several commentary pieces argue Salesforce has been overly sold off and may be undervalued after its post-earnings decline, but these are more valuation arguments than fresh catalysts. Salesforce: Taking Advantage Of The Market’s Misunderstanding Of Enterprise Software
• Neutral Sentiment: Salesforce’s acquisition of m3ter to expand dynamic pricing tools adds to its AI CRM platform, but the immediate stock impact looks limited so far. Salesforce expands AI CRM with acquisition of m3ter for dynamic pricing
• Negative Sentiment: One article notes Salesforce is still down sharply since its last earnings report, reminding investors that sentiment remains fragile despite the recent rebound. Salesforce (CRM) Down 14.8% Since Last Earnings Report: Can It Rebound?
• Negative Sentiment: Another report says Salesforce is trying to defend its AI position with new tools for RIAs, but experts are raising concerns about cost, implementation, and benefits, which could limit enthusiasm. Salesforce tries to catch up on AI — and halt precipitous stock slide — with launch of ‘Agentic Advisor’ for RIAs

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CRM shares. Roth Mkm reiterated a “buy” rating and issued a $325.00 price target on shares of Salesforce in a research note on Thursday, May 28th. Citigroup reaffirmed a “market outperform” rating on shares of Salesforce in a report on Thursday, May 28th. Piper Sandler downgraded Salesforce from an “overweight” rating to a “neutral” rating in a research report on Thursday, May 28th. UBS Group reissued a “neutral” rating on shares of Salesforce in a research note on Tuesday, June 16th. Finally, Barclays upgraded Salesforce from an “overweight” rating to an “overweight” rating in a report on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $257.61.

Salesforce Price Performance

Shares of NYSE:CRM opened at $158.23 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.79 and a current ratio of 0.79. Salesforce Inc. has a 52 week low of $146.32 and a 52 week high of $276.80. The firm has a market cap of $129.59 billion, a PE ratio of 18.31, a price-to-earnings-growth ratio of 0.99 and a beta of 1.16. The firm’s fifty day moving average is $175.56 and its 200-day moving average is $201.20.

Salesforce (NYSE:CRM) last posted its quarterly earnings data on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 18.72% and a net margin of 18.73%.Salesforce’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.58 earnings per share. 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 predict that Salesforce Inc. will post 10.29 earnings per share for the current year.

Salesforce declared that its board has approved a share buyback program on Monday, March 16th that authorizes the company to repurchase $25.00 billion in outstanding shares. This repurchase authorization authorizes the CRM provider to purchase up to 14.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Salesforce Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $1.76 annualized dividend and a dividend yield of 1.1%. Salesforce’s dividend payout ratio is presently 20.37%.

Salesforce Company 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.