LGT Fund Management Co Ltd. Acquires 17,373 Shares of Salesforce Inc. $CRM

LGT Fund Management Co Ltd. increased its holdings in shares of Salesforce Inc. (NYSE:CRM – Free Report) by 61.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 45,645 shares of the CRM provider’s stock after acquiring an additional 17,373 shares during the period. LGT Fund Management Co Ltd.’s holdings in Salesforce were worth $8,521,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. J. Stern & Co. LLP lifted its position in shares of Salesforce by 24,056.7% during the fourth quarter. J. Stern & Co. LLP now owns 47,385,511 shares of the CRM provider’s stock worth $12,552,896,000 after purchasing an additional 47,189,352 shares during the last quarter. Norges Bank bought a new position in shares of Salesforce in the fourth quarter worth about $3,182,951,000. Cardano Risk Management B.V. increased its stake in Salesforce by 924.7% in the 4th quarter. Cardano Risk Management B.V. now owns 3,883,610 shares of the CRM provider’s stock worth $1,028,807,000 after buying an additional 3,504,605 shares during the period. Capital International Investors increased its stake in Salesforce by 13.3% in the 4th quarter. Capital International Investors now owns 22,721,010 shares of the CRM provider’s stock worth $6,019,199,000 after buying an additional 2,669,891 shares during the period. Finally, Capital World Investors lifted its holdings in Salesforce by 13.5% during the 4th quarter. Capital World Investors now owns 19,672,684 shares of the CRM provider’s stock valued at $5,211,515,000 after buying an additional 2,347,478 shares in the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

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Key Salesforce News

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce announced a $1 billion investment in Switzerland over five years to expand adoption of agentic AI, reinforcing its commitment to AI-led growth and potentially strengthening its international enterprise relationships.
• Positive Sentiment: A bullish deep-dive argued Salesforce is trading at a depressed valuation, with strong free-cash-flow generation and a large debt-funded buyback that reduced share count by more than 10%, signaling management confidence in the business.
• Neutral Sentiment: Salesforce also unveiled MCP-powered capabilities for Slackbot, which could improve product usefulness and customer engagement, but the market may need proof that these features translate into faster growth.
• Neutral Sentiment: Triveni Power Transmission’s partnership with Salesforce for customer engagement in manufacturing adds another example of industry adoption, though the near-term financial impact appears limited.
• Negative Sentiment: KeyBanc’s downgrade and slightly lower earnings forecast added to investor skepticism that Agentforce will become a major growth catalyst soon.
• Negative Sentiment: Several market commentaries highlighted that CRM has been a weak performer over the past year, and the recent pullback suggests investors remain cautious despite its lower valuation.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CRM. Truist Financial lowered shares of Salesforce from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. TD Cowen reiterated a “buy” rating on shares of Salesforce in a report on Friday, June 12th. Wedbush began coverage on Salesforce in a research note on Wednesday, July 1st. They issued an “outperform” rating on the stock. Phillip Securities lowered Salesforce from a “buy” rating to a “hold” rating and decreased their target price for the company from $253.00 to $166.00 in a research report on Monday, June 29th. Finally, Wolfe Research cut Salesforce from an “outperform” rating to a “hold” rating in a report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $254.42.

Check Out Our Latest Research Report on CRM

Salesforce Stock Up 0.5%

Shares of NYSE CRM traded up $0.84 during midday trading on Friday, reaching $163.34. 8,316,028 shares of the company’s stock traded hands, compared to its average volume of 15,336,670. The company has a market cap of $133.77 billion, a price-to-earnings ratio of 18.90, a P/E/G ratio of 1.02 and a beta of 1.18. The stock’s 50 day simple moving average is $171.89 and its 200-day simple moving average is $194.51. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.15. Salesforce Inc. has a one year low of $146.32 and a one year high of $274.00.

Salesforce (NYSE:CRM – Get Free Report) last released its quarterly earnings results on Wednesday, May 27th. The CRM provider reported $3.88 EPS for the quarter, beating the consensus estimate of $3.13 by $0.75. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. The business had revenue of $11.13 billion during the quarter, compared to analyst estimates of $11.05 billion. During the same period in the prior year, the firm posted $2.58 earnings per share. The company’s quarterly revenue was up 13.3% on a year-over-year basis. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. On average, analysts predict that Salesforce Inc. will post 10.29 EPS for the current fiscal year.

Salesforce declared that its Board of Directors has initiated a stock buyback plan on Monday, March 16th that allows the company to buyback $25.00 billion in outstanding shares. This buyback authorization allows the CRM provider to purchase up to 14.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Salesforce Announces Dividend

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

Salesforce Profile

(Free Report)

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.

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