Mondrian Investment Partners LTD lessened its position in shares of Salesforce Inc. (NYSE:CRM – Free Report) by 46.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 354,837 shares of the CRM provider’s stock after selling 309,708 shares during the period. Salesforce comprises 1.8% of Mondrian Investment Partners LTD’s holdings, making the stock its 20th largest position. Mondrian Investment Partners LTD’s holdings in Salesforce were worth $81,460,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of CRM. Murphy Pohlad Asset Management LLC bought a new stake in shares of Salesforce in the third quarter valued at about $1,407,000. Altura Wealth Advisors Inc. bought a new position in shares of Salesforce during the third quarter worth about $211,000. Farmers & Merchants Investments Inc. grew its holdings in shares of Salesforce by 2.7% during the third quarter. Farmers & Merchants Investments Inc. now owns 103,283 shares of the CRM provider’s stock worth $23,711,000 after buying an additional 2,702 shares in the last quarter. Capital Investment Advisors LLC grew its holdings in shares of Salesforce by 631.4% during the third quarter. Capital Investment Advisors LLC now owns 90,622 shares of the CRM provider’s stock worth $20,804,000 after buying an additional 78,231 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its position in Salesforce by 3.5% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 18,220 shares of the CRM provider’s stock valued at $4,183,000 after buying an additional 623 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.
More Salesforce News
Here are the key news stories impacting Salesforce this week:
- Positive Sentiment: Salesforce’s AI products are reportedly growing at triple-digit rates, while its Agentforce platform and more than $14 billion in annual free cash flow could support profitable expansion. The company’s valuation may look attractive if AI adoption accelerates. Salesforce Is Betting Big on AI. The Payoff Could Be Bigger Than Investors Expect
- Positive Sentiment: Cantor Fitzgerald reaffirmed an “Overweight” rating, indicating continued confidence in Salesforce’s growth outlook and AI transition. Salesforce Stock Rating Reaffirmed as Overweight
- Positive Sentiment: The $5.66 billion Braze purchase could expand Salesforce’s customer-engagement capabilities and strengthen its push from AI defense toward a broader autonomous-agent strategy. Salesforce’s $5.6B Braze Buyout
- Neutral Sentiment: Investor comparisons with Adobe, Arista Networks and Snowflake highlight Salesforce’s CRM leadership, focus on profitable growth and AI-agent pivot, but do not represent new company-specific developments. Salesforce vs. Snowflake
- Negative Sentiment: Investors may be concerned that the Braze acquisition’s $5.66 billion price will increase integration risk and pressure near-term returns. Questions about contracts, pricing and customer impact could temper enthusiasm for the deal. Salesforce to Buy Braze for $5.66B
Insider Buying and Selling
In related news, Director David Blair Kirk acquired 4,176 shares of the business’s stock in a transaction dated Friday, September 18th. The stock was bought at an average price 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 represents a 28.66% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Craig Conway sold 4,500 shares of the stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $260.61, for a total value of $1,172,745.00. Following the completion of the sale, the director directly owned 5,437 shares of the company’s stock, valued at approximately $1,416,936.57. The trade was a 45.29% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 3.50% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on the company. Argus boosted their target price on Salesforce from $290.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, August 31st. Evercore reaffirmed an “outperform” rating on shares of Salesforce in a research report on Tuesday. Jefferies Financial Group reaffirmed a “buy” rating on shares of Salesforce in a research note on Tuesday. Deutsche Bank Aktiengesellschaft began coverage on shares of Salesforce in a report on Monday, October 12th. They issued a “buy” rating on the stock. Finally, Phillip Securities lowered shares of Salesforce from a “buy” rating to a “hold” rating and cut their price objective for the stock from $253.00 to $166.00 in a research report on Monday, June 29th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Salesforce has an average rating of “Moderate Buy” and an average price target of $278.98.
Read Our Latest Research Report on CRM
Salesforce Price Performance
NYSE:CRM opened at $248.79 on Friday. 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 stock’s 50-day simple moving average is $236.30 and its 200 day simple moving average is $196.88. The company has a market cap of $204.76 billion, a P/E ratio of 22.68, a P/E/G ratio of 1.13 and a beta of 1.26. Salesforce Inc. has a 52-week low of $146.32 and a 52-week high of $269.11.
Salesforce (NYSE:CRM – Get Free Report) last released its earnings results on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.27 by $2.63. Salesforce had a return on equity of 24.90% and a net margin of 21.99%. The business had revenue of $11.35 billion for the quarter, compared to analyst estimates of $11.33 billion. During the same quarter in the prior year, the company posted $2.91 earnings per share. Salesforce’s revenue was up 10.8% on a year-over-year basis. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. As a group, sell-side analysts forecast that Salesforce Inc. will post 12.82 EPS for the current fiscal year.
Salesforce Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $1.76 annualized dividend and a dividend yield of 0.7%. Salesforce’s payout ratio is 16.04%.
About Salesforce
Salesforce, Inc (NYSE: CRM) is a global enterprise software company that provides cloud-based customer relationship management (CRM) technology. Its platform helps organizations manage sales, customer service, marketing, commerce, data, analytics and interactions with customers across digital and traditional channels.
The company’s products include Sales Cloud, Service Cloud, Marketing Cloud, Commerce Cloud and Data Cloud. Salesforce also offers Tableau for data visualization and analytics, MuleSoft for application integration, and Slack for workplace collaboration.
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