California State Teachers Retirement System Cuts Stock Position in Salesforce Inc. $CRM

California State Teachers Retirement System trimmed its position in Salesforce Inc. (NYSE:CRM - Free Report) by 14.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,200,594 shares of the CRM provider's stock after selling 207,172 shares during the quarter. California State Teachers Retirement System owned about 0.15% of Salesforce worth $188,085,056 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CRM. BlackRock Inc. acquired a new position in shares of Salesforce during the 2nd quarter valued at about $11,396,844,000. Bank of America Corp DE acquired a new position in shares of Salesforce in the 2nd quarter valued at about $1,914,086,000. Norges Bank bought a new stake in shares of Salesforce in the 4th quarter worth approximately $3,182,951,000. Arrowstreet Capital Limited Partnership grew its position in Salesforce by 130.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 12,659,217 shares of the CRM provider's stock worth $2,363,096,000 after acquiring an additional 7,160,302 shares in the last quarter. Finally, Legal & General Group Plc bought a new stake in shares of Salesforce during the second quarter valued at approximately $927,332,000. Hedge funds and other institutional investors own 80.43% of the company's stock.

Insiders Place Their Bets

In related news, Director Craig Conway sold 4,500 shares of the business's stock in a transaction on Friday, September 4th. The stock was sold at an average price of $260.61, for a total value of $1,172,745.00. Following the sale, the director owned 5,437 shares in the company, valued at approximately $1,416,936.57. The trade was a 45.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.50% of the company's stock.

Salesforce News Summary

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: AI product momentum: Salesforce unveiled Koa, its first reasoning model, built with Nvidia’s open-weight Nemotron technology and designed to reason over customer relationship management data. The announcement strengthens Salesforce’s position in enterprise AI and could support demand for its Agentforce platform. Salesforce and Nvidia's new reasoning model
• Positive Sentiment: Broader AI ecosystem: New integrations with AWS and Google Cloud, along with partner initiatives from Copado and Brillio, are intended to place Salesforce’s AI agents directly into enterprise development and operational workflows. This could accelerate adoption and expand Salesforce’s share of customer technology budgets. Salesforce integrations with AWS and Google Cloud
• Positive Sentiment: Commercial partnerships: A deeper AI partnership with Siemens could expand Salesforce’s reach in industrial sales and service, while the company’s partner network is helping customers move agentic AI projects into production. Siemens and Salesforce deepen AI partnership
• Positive Sentiment: Constructive growth outlook: An investment analysis highlights Salesforce’s large enterprise customer base as a distribution advantage for AI, citing Agentforce annual recurring revenue growth of more than 240% and a potentially reasonable forward valuation if AI monetization improves organic growth. Salesforce AI distribution advantage
• Neutral Sentiment: Dreamforce event risk: Traders expect a potentially sizable move following the Dreamforce keynote and Investor Day. The event provides catalysts for further gains, but elevated expectations could also lead to volatility if management’s AI commentary or guidance disappoints. Expected Salesforce stock move after Dreamforce
• Neutral Sentiment: Analyst views remain mixed: Salesforce retains a consensus “Moderate Buy” rating, but differing opinions indicate that investors are weighing its AI opportunity against questions about growth execution and valuation. Salesforce consensus analyst recommendation
• Negative Sentiment: Broader AI caution: A market selloff in AI-related shares, fueled by concerns that improvements in AI models may be slowing, creates a headwind for Salesforce and could limit enthusiasm for its AI announcements. AI trade stumbles as CEOs discuss model slowdown

Salesforce Price Performance

Shares of Salesforce stock traded down $0.81 during mid-day trading on Tuesday, reaching $258.62. 4,951,822 shares of the stock were exchanged, compared to its average volume of 13,987,311. Salesforce Inc. has a fifty-two week low of $146.32 and a fifty-two week high of $269.11. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.02. The company has a market cap of $212.85 billion, a price-to-earnings ratio of 23.58, a price-to-earnings-growth ratio of 1.13 and a beta of 1.20. The firm has a 50-day simple moving average of $202.41 and a 200 day simple moving average of $187.76.

Salesforce (NYSE:CRM - Get Free Report) last posted its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share for the quarter, topping the consensus estimate of $3.27 by $2.63. The business had revenue of $11.35 billion during the quarter, compared to analysts' expectations of $11.33 billion. Salesforce had a net margin of 21.99% and a return on equity of 24.90%. Salesforce's revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.91 earnings per share. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. On average, sell-side analysts predict that Salesforce Inc. will post 12.83 EPS for the current fiscal year.

Salesforce Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th will be issued 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 payout ratio is 16.04%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CRM. Royal Bank Of Canada upped their target price on shares of Salesforce from $210.00 to $250.00 and gave the company a "sector perform" rating in a report on Thursday, August 27th. Wedbush began coverage on shares of Salesforce in a research note on Wednesday, July 1st. They set an "outperform" rating on the stock. KeyCorp cut shares of Salesforce from an "overweight" rating to a "sector weight" rating in a research note on Wednesday, July 8th. Stifel Nicolaus set a $275.00 price objective on shares of Salesforce in a research note on Friday. Finally, Guggenheim reaffirmed a "buy" rating and set a $228.00 price objective on shares of Salesforce in a research note on Thursday, August 27th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $267.12.

Salesforce Profile

Salesforce, Inc is a cloud-based software company that provides customer relationship management (CRM) technology and related enterprise applications. Its platform helps organizations manage sales, customer service, marketing, commerce, data analytics and business operations through subscription-based software and cloud services.

The company's product portfolio includes Sales Cloud, Service Cloud, Marketing Cloud, Commerce Cloud, Data Cloud and the Salesforce Platform. Salesforce also offers Slack for workplace collaboration, Tableau for data visualization and analytics, MuleSoft for application integration, and artificial intelligence capabilities, including its Agentforce platform for building and deploying AI agents.

Founded in 1999, Salesforce is headquartered in San Francisco, California, and serves businesses and organizations across a broad range of industries and geographic markets worldwide.

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