Assenagon Asset Management S.A. Has $190.02 Million Stock Holdings in Salesforce Inc. $CRM

Key Points

• Assenagon Asset Management increased its Salesforce stake by 18.5% in the second quarter, bringing its holdings to 1.21 million shares valued at approximately $190 million. Institutional investors and hedge funds collectively own 80.43% of Salesforce.
• Analyst sentiment remains positive overall, with Salesforce holding a “Moderate Buy” consensus rating and an average price target of $249.51, despite some analysts recently lowering their targets.
• Salesforce reported quarterly revenue of $11.13 billion and adjusted earnings of $3.88 per share, beating estimates, while investors continue to weigh the growth potential of its AI agents against concerns that AI could disrupt its traditional subscription model.

Assenagon Asset Management S.A. raised its holdings in Salesforce Inc. (NYSE:CRM - Free Report) by 18.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,212,968 shares of the CRM provider's stock after buying an additional 189,032 shares during the period. Assenagon Asset Management S.A. owned about 0.15% of Salesforce worth $190,024,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. St. Louis Financial Planners Asset Management LLC increased its holdings in Salesforce by 55.5% during the 2nd quarter. St. Louis Financial Planners Asset Management LLC now owns 21,429 shares of the CRM provider's stock worth $3,560,000 after purchasing an additional 7,652 shares in the last quarter. 55 North Private Wealth LLC bought a new position in shares of Salesforce in the second quarter valued at approximately $241,000. 180 Wealth Advisors LLC lifted its holdings in shares of Salesforce by 13.4% in the second quarter. 180 Wealth Advisors LLC now owns 15,692 shares of the CRM provider's stock valued at $2,458,000 after purchasing an additional 1,854 shares in the last quarter. Integral Investment Advisors Inc. boosted its position in shares of Salesforce by 19.4% during the second quarter. Integral Investment Advisors Inc. now owns 1,831 shares of the CRM provider's stock valued at $287,000 after buying an additional 298 shares during the last quarter. Finally, Balefire LLC boosted its position in shares of Salesforce by 7.6% during the second quarter. Balefire LLC now owns 1,817 shares of the CRM provider's stock valued at $285,000 after buying an additional 129 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CRM shares. Erste Group Bank upgraded Salesforce from a "hold" rating to a "buy" rating in a report on Wednesday. DA Davidson dropped their price objective on Salesforce from $200.00 to $175.00 and set a "neutral" rating on the stock in a research note on Thursday, May 28th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $250.00 price objective on shares of Salesforce in a report on Thursday, May 28th. Wells Fargo & Company reduced their target price on shares of Salesforce from $210.00 to $200.00 and set an "equal weight" rating for the company in a research note on Thursday, May 28th. Finally, Monness Crespi & Hardt upgraded shares of Salesforce from a "neutral" rating to a "buy" rating and set a $200.00 target price for the company in a report on Thursday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, sixteen have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $249.51.

Key Headlines Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce deployed IL5-authorized Agentforce 360 AI agents to the U.S. Army Human Resources Command through Missionforce National Security. The mission-critical deployment could strengthen Salesforce’s government credentials, demonstrate the reliability of its autonomous AI technology, and support future defense contracts. Why Is Salesforce Deploying IL5 AI Agents in a Major Government Role?
• Positive Sentiment: CEO Marc Benioff argued that Wall Street’s concern that AI will undermine Salesforce is “dead wrong.” Management’s conviction suggests the company expects Agentforce and AI-powered digital labor to expand its addressable market rather than erode its software business. Marc Benioff Says Wall Street’s Fears That AI Will Kill Salesforce Are Dead Wrong
• Positive Sentiment: Erste Group Bank upgraded Salesforce from “hold” to “buy,” indicating that at the recent valuation the risk-reward profile may have improved.
• Neutral Sentiment: Salesforce promoted revenue chief Miguel Milano, a former Oracle executive, to operating chief. The change could improve execution, although it does not immediately alter the company’s financial outlook. Marc Benioff Gets a New Operating Chief
• Neutral Sentiment: Salesforce scheduled its fiscal second-quarter 2027 earnings release and webcast. The event will give investors an opportunity to assess Agentforce adoption, growth, margins, and guidance.
• Negative Sentiment: The key overhang remains investor skepticism that AI agents could disrupt Salesforce’s conventional subscription model or reduce demand for seats. The stock’s decline of more than 30% during 2026 highlights how seriously the market is discounting that risk, even after Salesforce recently exceeded earnings and revenue expectations.

Salesforce Stock Down 3.1%

Shares of NYSE:CRM opened at $186.96 on Friday. Salesforce Inc. has a 1 year low of $146.32 and a 1 year high of $269.11. The company has a market capitalization of $153.12 billion, a PE ratio of 21.64, a price-to-earnings-growth ratio of 1.04 and a beta of 1.16. The business has a fifty day moving average price of $171.20 and a two-hundred day moving average price of $183.19. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.79 and a quick ratio of 0.79.

Salesforce (NYSE:CRM - Get Free Report) last released its earnings results on Wednesday, May 27th. The CRM provider reported $3.88 EPS for the quarter, topping analysts' consensus estimates of $3.13 by $0.75. Salesforce had a return on equity of 18.72% and a net margin of 18.73%.The company had revenue of $11.13 billion for the quarter, compared to analysts' expectations of $11.05 billion. During the same period in the previous year, the business posted $2.58 EPS. The business's revenue for the quarter was up 13.3% compared to the same quarter last year. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. Analysts forecast that Salesforce Inc. will post 10.27 earnings per share for the current year.

Salesforce Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th were paid a dividend of $0.44 per share. The ex-dividend date was Thursday, June 11th. This represents a $1.76 annualized dividend and a dividend yield of 0.9%. Salesforce's dividend payout ratio (DPR) is presently 20.37%.

Salesforce 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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