Andra AP fonden Acquires 165,072 Shares of Salesforce Inc. $CRM

Andra AP fonden grew its holdings in shares of Salesforce Inc. (NYSE:CRM) by 4,855.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 168,472 shares of the CRM provider’s stock after buying an additional 165,072 shares during the quarter. Andra AP fonden’s holdings in Salesforce were worth $26,393,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CRM. BlackRock Inc. bought a new position in Salesforce in the second quarter valued at approximately $11,396,844,000. Bank of America Corp DE bought a new position in shares of Salesforce in the second quarter valued at $1,914,086,000. Norges Bank acquired a new position in Salesforce during the fourth quarter worth $3,182,951,000. Arrowstreet Capital Limited Partnership raised its position in Salesforce by 130.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 12,659,217 shares of the CRM provider’s stock worth $2,363,096,000 after acquiring an additional 7,160,302 shares in the last quarter. Finally, Legal & General Group Plc bought a new stake in Salesforce during the second quarter worth $927,332,000. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Salesforce News Roundup

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Director David Blair Kirk purchased 4,176 Salesforce shares for approximately $999,000, increasing his direct ownership by 28.7%. The insider purchase may signal confidence in CRM’s long-term value. David Blair Kirk Purchases Salesforce Shares
• Positive Sentiment: Zacks identified Salesforce as a strong value stock, with its valuation and earnings outlook potentially appealing to investors seeking market-beating opportunities. CRM trades at roughly 21 times earnings, while analysts maintain a broadly positive consensus and an average price target above recent trading levels. Why Salesforce Is a Strong Value Stock
• Positive Sentiment: Coverage of Salesforce’s expanded OpenAI partnership suggests AI adoption could increase demand for its software rather than displace it. Salesforce’s recent earnings also showed revenue growth and a significant EPS beat, supporting the company’s AI-led growth narrative. AI Is Reshaping SaaS
• Neutral Sentiment: Salesforce has attracted heightened attention from Zacks users, but the reports provide no major new fundamental development. Increased visibility could support trading interest while also contributing to volatility. Salesforce Investor Attention
• Negative Sentiment: AI-focused stocks, including Salesforce, are declining as investors lock in profits following Monday’s record-setting rally. This broad technology-sector selling appears to be the main reason CRM is weaker today rather than a Salesforce-specific deterioration. Stocks Explaining Today’s Market
• Negative Sentiment: A comparison with Twilio concludes that Twilio offers faster growth and more direct AI communications exposure, giving it an edge over Salesforce for some investors despite Twilio’s higher valuation. This could limit relative enthusiasm for CRM. Salesforce vs. Twilio

Analysts Set New Price Targets

CRM has been the topic of several research analyst reports. Monness Crespi & Hardt upped their price objective on Salesforce from $222.00 to $266.00 and gave the company a “buy” rating in a research note on Thursday, August 27th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Salesforce in a research note on Thursday, August 27th. Citigroup reaffirmed a “market outperform” rating on shares of Salesforce in a research report on Friday. KeyCorp downgraded shares of Salesforce from an “overweight” rating to a “sector weight” rating in a report on Wednesday, July 8th. Finally, JPMorgan Chase & Co. raised their target price on shares of Salesforce from $250.00 to $265.00 and gave the stock an “overweight” rating in a research note on Thursday, August 27th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $275.14.

Salesforce Stock Performance

NYSE:CRM traded down $5.21 during mid-day trading on Tuesday, reaching $231.21. 5,631,485 shares of the company’s stock were exchanged, compared to its average volume of 13,991,959. Salesforce Inc. has a one year low of $146.32 and a one year high of $269.11. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.84 and a current ratio of 0.84. The business’s fifty day simple moving average is $210.22 and its two-hundred day simple moving average is $189.50. The firm has a market capitalization of $190.28 billion, a PE ratio of 21.08, a price-to-earnings-growth ratio of 1.09 and a beta of 1.20.

Salesforce (NYSE:CRM) last posted its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.27 by $2.63. Salesforce had a net margin of 21.99% and a return on equity of 24.90%. The firm had revenue of $11.35 billion during the quarter, compared to the consensus estimate of $11.33 billion. During the same quarter in the previous year, the firm posted $2.91 EPS. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. Analysts anticipate that Salesforce Inc. will post 12.82 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 17th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $1.76 dividend on an annualized basis and a yield of 0.8%. Salesforce’s dividend payout ratio is currently 16.04%.

Insiders Place Their Bets

In related news, Director David Blair Kirk bought 4,176 shares of Salesforce stock in a transaction dated Friday, September 18th. The shares were bought at an average cost of $239.33 per share, with a total value of $999,442.08. Following the acquisition, the director owned 18,748 shares in the company, valued at $4,486,958.84. This trade represents a 28.66% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Craig Conway sold 4,500 shares of the firm’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $260.61, for a total value of $1,172,745.00. Following the completion of the transaction, the director owned 5,437 shares in the company, valued at $1,416,936.57. The trade was a 45.29% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.50% of the stock is owned by company insiders.

Salesforce Profile

Salesforce, Inc is a cloud-based software company that provides customer relationship management (CRM) technology and related enterprise applications. Its platform helps organizations manage sales, customer service, marketing, commerce, data analytics and business operations through subscription-based software and cloud services.

The company’s product portfolio includes Sales Cloud, Service Cloud, Marketing Cloud, Commerce Cloud, Data Cloud and the Salesforce Platform. Salesforce also offers Slack for workplace collaboration, Tableau for data visualization and analytics, MuleSoft for application integration, and artificial intelligence capabilities, including its Agentforce platform for building and deploying AI agents.

Founded in 1999, Salesforce is headquartered in San Francisco, California, and serves businesses and organizations across a broad range of industries and geographic markets worldwide.