Salesforce Inc. $CRM Shares Bought by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC raised its position in Salesforce Inc. (NYSE:CRM) by 118.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 146,754 shares of the CRM provider’s stock after buying an additional 79,437 shares during the period. Concurrent Investment Advisors LLC’s holdings in Salesforce were worth $22,990,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of CRM. Prosperitas Financial LLC boosted its position in Salesforce by 4.7% during the second quarter. Prosperitas Financial LLC now owns 3,044 shares of the CRM provider’s stock worth $477,000 after purchasing an additional 137 shares in the last quarter. NEOS Investment Management LLC grew its holdings in Salesforce by 12.1% in the second quarter. NEOS Investment Management LLC now owns 153,886 shares of the CRM provider’s stock valued at $24,108,000 after purchasing an additional 16,660 shares during the period. iSAM Funds UK Ltd increased its position in shares of Salesforce by 236.8% in the second quarter. iSAM Funds UK Ltd now owns 4,900 shares of the CRM provider’s stock valued at $768,000 after buying an additional 3,445 shares in the last quarter. Safeguard Investment Advisory Group LLC raised its stake in shares of Salesforce by 15.8% during the 2nd quarter. Safeguard Investment Advisory Group LLC now owns 1,681 shares of the CRM provider’s stock worth $263,000 after buying an additional 229 shares during the period. Finally, Nykredit A S acquired a new position in shares of Salesforce during the 2nd quarter worth approximately $52,087,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CRM shares. Monness Crespi & Hardt increased their target price on Salesforce from $222.00 to $266.00 and gave the company a “buy” rating in a research report on Thursday, August 27th. HSBC boosted their price target on shares of Salesforce from $350.00 to $356.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Daiwa Securities Group decreased their price objective on shares of Salesforce from $295.00 to $280.00 and set a “buy” rating on the stock in a report on Tuesday, June 2nd. Guggenheim reiterated a “buy” rating and issued a $228.00 target price on shares of Salesforce in a research report on Thursday, August 27th. Finally, JPMorgan Chase & Co. boosted 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 investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, fifteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $266.50.

Salesforce Stock Up 2.8%

Shares of CRM opened at $264.13 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. Salesforce Inc. has a one year low of $146.32 and a one year high of $269.11. The stock has a market capitalization of $217.38 billion, a price-to-earnings ratio of 24.08, a PEG ratio of 1.19 and a beta of 1.20. The stock has a 50 day moving average price of $189.85 and a 200 day moving average price of $184.47.

Salesforce (NYSE:CRM) last posted its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 EPS for the quarter, beating 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 firm had revenue of $11.35 billion during the quarter, compared to the consensus estimate of $11.33 billion. During the same period in the prior year, the company earned $2.91 EPS. The firm’s revenue 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. Equities research analysts forecast that Salesforce Inc. will post 12.64 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, September 17th. Salesforce’s dividend payout ratio (DPR) is currently 16.04%.

Key Headlines Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Anthropic partnership strengthens AI outlook: Salesforce and Anthropic launched “Claudeforce,” integrating Claude AI into Salesforce’s platform. The partnership is viewed as a potential source of new revenue, improved Agentforce adoption and access to additional enterprise customers. Salesforce partners with Anthropic to integrate Claude AI into its ecosystem
• Positive Sentiment: Strong quarterly performance and higher guidance: Salesforce reported $11.35 billion in quarterly revenue, up 10.8% year over year, and adjusted earnings of $5.90 per share versus the $3.27 consensus estimate. Current remaining performance obligations rose 14%, while management’s increased fiscal-year outlook supports expectations for accelerating growth. Salesforce: Proving That AI Needs A Software Partner
• Positive Sentiment: Analysts raised targets: Cantor Fitzgerald lifted its target to $300, BTIG reaffirmed a Buy rating with a $300 target, and Needham maintained its Buy rating while setting a $400 target. The revisions indicate that analysts see improving business trends and further upside from Salesforce’s AI offerings. BTIG says it is incrementally confident in improving business trends
• Positive Sentiment: Enterprise software rebound provides a tailwind: Salesforce is participating in a broader recovery in enterprise software stocks as bearish positions unwind and investors rotate back toward established AI beneficiaries. Jim Cramer breaks down the enterprise software rebound
• Neutral Sentiment: Quarterly dividend declared: Salesforce’s board approved a $0.44-per-share cash dividend, payable October 8 to shareholders of record September 17. The payment adds shareholder income but is unlikely to be the primary driver of the stock’s move. Salesforce Announces Quarterly Dividend
• Negative Sentiment: Execution expectations are rising: After a sharp rally, investors will expect Salesforce to convert Agentforce and Claudeforce interest into sustained revenue acceleration. Elevated expectations and the stock’s proximity to its yearly high could increase sensitivity to any signs of slower adoption or weaker guidance.

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.