Integrated Wealth Concepts LLC Sells 9,830 Shares of Salesforce Inc. $CRM

Key Points

• Integrated Wealth Concepts LLC cut its Salesforce stake by 25.4% in the second quarter, selling 9,830 shares and retaining 28,899 shares valued at approximately $4.53 million.
• Institutional ownership remains substantial, with hedge funds and other institutions holding 80.43% of Salesforce’s shares; director Craig Conway also sold 4,500 shares in September.
• Salesforce reported strong quarterly results, including $5.90 in EPS and $11.35 billion in revenue, while analysts maintained a “Moderate Buy” consensus and an average price target of $267.12. AI acquisitions and Agentforce initiatives support growth, though competition and valuation risks remain.

Integrated Wealth Concepts LLC decreased its holdings in Salesforce Inc. (NYSE:CRM - Free Report) by 25.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,899 shares of the CRM provider's stock after selling 9,830 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Salesforce were worth $4,527,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CRM. California State Teachers Retirement System lifted its position in shares of Salesforce by 13,260.5% during the 2nd quarter. California State Teachers Retirement System now owns 188,085,056 shares of the CRM provider's stock valued at $29,465,405,000 after acquiring an additional 186,677,290 shares during the period. BlackRock Inc. bought a new position in shares of Salesforce in the second quarter worth $11,396,844,000. J. Stern & Co. LLP raised its stake in Salesforce by 24,056.7% in the fourth quarter. J. Stern & Co. LLP now owns 47,385,511 shares of the CRM provider's stock valued at $12,552,896,000 after purchasing an additional 47,189,352 shares in the last quarter. Bank of America Corp DE acquired a new position in Salesforce in the second quarter valued at about $1,914,086,000. Finally, Norges Bank bought a new stake in Salesforce during the fourth quarter worth about $3,182,951,000. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Key Salesforce News

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: AI acquisition strategy is accelerating. Salesforce completed its acquisition of Fin, formerly Intercom, adding an AI customer-agent platform, a technical AI team and more than 30,000 customers. The company is also reportedly in talks to acquire voice-AI market-research startup Listen Labs for approximately $2 billion, potentially strengthening its customer-data and AI capabilities. Salesforce Completes Acquisition of Fin Salesforce Eyes $2 Billion Acquisition of Listen Labs
• Positive Sentiment: Salesforce is expanding its enterprise AI ecosystem. Its new Enterprise AI Harness is designed to coordinate multiple models and agents using shared business context, while the Claudeforce partnership with Anthropic combines Claude with Salesforce CRM. These initiatives support the company’s argument that Agentforce and related products can drive future growth. Salesforce’s Enterprise AI Harness Salesforce and Anthropic Announce Claudeforce
• Positive Sentiment: Recent fundamentals remain supportive. Salesforce’s latest quarter beat EPS estimates by a wide margin, revenue increased 10.8% year over year, and profitability improved. This strong report helped reverse the market’s earlier concern that AI would undermine Salesforce’s core business.
• Neutral Sentiment: Investor attention is unusually high. Zacks identifies CRM as a trending stock, while analysts and investors weigh its earnings momentum, Agentforce growth and upcoming Dreamforce commentary. Some coverage frames the recent rally as a reason to take profits rather than add exposure. Salesforce Is a Trending Stock
• Negative Sentiment: Competitive and technical risks remain. Microsoft is marketing an AI-powered migration tool to win Salesforce customers for Dynamics 365, while AI-native startup Lightfield raised $47 million to develop a potential Salesforce alternative. Technical analysts also warn that CRM may be running into chart resistance after its sharp advance, and some investors question whether rising debt and acquisition spending increase risk.

Insider Activity

In other news, Director Craig Conway sold 4,500 shares of Salesforce stock in a transaction on Friday, September 4th. The shares were sold at an average price of $260.61, for a total transaction of $1,172,745.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company increased their price objective on shares of Salesforce from $205.00 to $230.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 27th. Jefferies Financial Group boosted their price objective on shares of Salesforce from $250.00 to $300.00 and gave the company a "buy" rating in a research report on Thursday, August 27th. DA Davidson upped their target price on Salesforce from $175.00 to $200.00 and gave the stock a "neutral" rating in a research note on Thursday, August 27th. Monness Crespi & Hardt raised their price objective on Salesforce from $222.00 to $266.00 and gave the company a "buy" rating in a research note on Thursday, August 27th. Finally, Bank of America started coverage on shares of Salesforce in a report on Monday, May 18th. They issued an "underperform" rating and a $160.00 target price for the company. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $267.12.

Salesforce Price Performance

Shares of CRM opened at $247.41 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.02. The stock has a market cap of $203.62 billion, a PE ratio of 22.55, a PEG ratio of 1.13 and a beta of 1.20. Salesforce Inc. has a 12-month low of $146.32 and a 12-month high of $269.11. The business has a 50-day simple moving average of $200.54 and a two-hundred day simple moving average of $187.17.

Salesforce (NYSE:CRM - Get Free Report) last announced its quarterly earnings results on Wednesday, August 26th. The CRM provider reported $5.90 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $11.33 billion. During the same period last year, the firm posted $2.91 earnings per share. The business's revenue for the quarter 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. Analysts anticipate that Salesforce Inc. will post 12.83 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. Shareholders of record on Thursday, September 17th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, September 17th. Salesforce's dividend payout ratio is 16.04%.

Salesforce Company 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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