Erste Asset Management GmbH grew its position in shares of Salesforce Inc. (NYSE:CRM – Free Report) by 17.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 173,403 shares of the CRM provider’s stock after acquiring an additional 26,137 shares during the quarter. Erste Asset Management GmbH’s holdings in Salesforce were worth $46,099,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of Salesforce by 13.7% in the 4th quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock worth $8,582,000 after buying an additional 3,102 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Salesforce by 12.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock worth $611,000 after buying an additional 205 shares during the last quarter. Bison Wealth LLC boosted its holdings in shares of Salesforce by 9.0% in the 4th quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock worth $747,000 after buying an additional 184 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of Salesforce by 3.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,958 shares of the CRM provider’s stock worth $807,000 after buying an additional 106 shares during the last quarter. Finally, United Bank boosted its holdings in shares of Salesforce by 5.2% in the 2nd quarter. United Bank now owns 10,198 shares of the CRM provider’s stock worth $2,781,000 after buying an additional 500 shares during the last quarter. 80.43% of the stock is owned by hedge funds and other institutional investors.
Salesforce Trading Up 0.1%
Shares of CRM opened at $185.85 on Monday. The business’s 50-day moving average price is $181.31 and its 200-day moving average price is $208.71. Salesforce Inc. has a twelve month low of $163.52 and a twelve month high of $276.80. The stock has a market cap of $152.21 billion, a PE ratio of 21.51, a P/E/G ratio of 1.15 and a beta of 1.16. 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 Dividend Announcement
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 given a dividend of $0.44 per share. The ex-dividend date is Thursday, June 11th. This represents a $1.76 annualized dividend and a dividend yield of 0.9%. Salesforce’s dividend payout ratio is currently 20.37%.
Salesforce declared that its board has authorized a stock 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 repurchase up to 14.1% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.
Salesforce News Summary
Here are the key news stories impacting Salesforce this week:
- Positive Sentiment: Salesforce announced a landmark partnership with FIFA for the 2026 World Cup and 2027 Women’s World Cup, which could showcase its AI-driven Agentforce 360 platform to a massive global audience and potentially drive future enterprise demand. Article Title
- Positive Sentiment: KeyCorp kept an Overweight rating and a $290 price target on Salesforce, while modeling earnings above consensus for FY2027, signaling continued analyst confidence in the company’s profit growth. Article Title
- Positive Sentiment: Recent commentary highlights Salesforce’s strong momentum, helped by its AI strategy, Agentforce rollout, recurring revenue base, and expanding free cash flow, which may keep long-term investors interested. Article Title
- Neutral Sentiment: Salesforce’s presentation at the Evercore Global TMT Conference and valuation-focused coverage suggest investors are still reassessing how much of the AI and Agentforce optimism is already priced in. Article Title
- Negative Sentiment: Bridgewater Associates reportedly sold Salesforce, which can pressure sentiment in the near term, although the article argues that institutional selling may create a better entry point for patient investors. Article Title
Analysts Set New Price Targets
A number of equities analysts recently weighed in on the stock. Roth Mkm reissued a “buy” rating and issued a $325.00 price target on shares of Salesforce in a report on Thursday, May 28th. Bank of America initiated coverage on shares of Salesforce in a report on Monday, May 18th. They set an “underperform” rating and a $160.00 price objective on the stock. Canaccord Genuity Group dropped their price objective on shares of Salesforce from $250.00 to $225.00 and set a “buy” rating on the stock in a report on Thursday, May 28th. Citigroup reaffirmed a “market outperform” rating on shares of Salesforce in a report on Thursday, May 28th. Finally, Oppenheimer dropped their price objective on shares of Salesforce from $275.00 to $250.00 and set an “outperform” rating on the stock in a report on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Salesforce has an average rating of “Moderate Buy” and an average price target of $257.97.
View Our Latest Research Report on CRM
Insider Activity
In related news, Director Laura Alber purchased 2,571 shares of the firm’s stock in a transaction dated Thursday, March 19th. The shares were purchased at an average cost of $194.58 per share, for a total transaction of $500,265.18. Following the completion of the transaction, the director directly owned 9,530 shares in the company, valued at approximately $1,854,347.40. This represents a 36.94% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director David Blair Kirk acquired 2,570 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The stock was bought at an average price of $194.62 per share, for a total transaction of $500,173.40. Following the completion of the transaction, the director owned 13,689 shares of the company’s stock, valued at $2,664,153.18. The trade was a 23.11% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 3.50% of the company’s stock.
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.
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