Nykredit A S Makes New Investment in Salesforce Inc. $CRM

Key Points

• Nykredit A/S acquired 332,482 Salesforce shares during the second quarter, valued at approximately $52.1 million. Institutional investors collectively own 80.43% of the company.
• Salesforce reported strong quarterly results, with adjusted EPS of $5.90 versus the $3.27 consensus and revenue of $11.35 billion. Its Anthropic partnership and growing adoption of Agentforce and Data 360 are supporting optimism about enterprise AI growth.
• Shares opened at $256.93, near their 52-week high of $269.11; analysts maintain a “Moderate Buy” consensus with a $266.50 target. However, the stock is viewed as overbought, and some analysts remain cautious about whether future revenue acceleration will justify its elevated valuation.

Nykredit A S acquired a new stake in Salesforce Inc. (NYSE:CRM - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 332,482 shares of the CRM provider's stock, valued at approximately $52,087,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Commonwealth Retirement Investments LLC acquired a new position in shares of Salesforce during the fourth quarter valued at $25,000. Manning & Napier Advisors LLC acquired a new stake in Salesforce in the second quarter worth about $26,000. Gilpin Wealth Management LLC acquired a new stake in Salesforce in the fourth quarter worth about $26,000. Persistent Asset Partners Ltd bought a new stake in Salesforce during the 2nd quarter worth about $27,000. Finally, Costello Asset Management INC lifted its position in Salesforce by 410.3% during the 1st quarter. Costello Asset Management INC now owns 148 shares of the CRM provider's stock valued at $28,000 after purchasing an additional 119 shares during the period. Institutional investors own 80.43% of the company's stock.

Salesforce News Roundup

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce announced a partnership with Anthropic to integrate Claude into its platform through “Claudeforce.” The offering is intended to combine Claude’s reasoning capabilities with Salesforce customer data, potentially strengthening Agentforce and supporting higher-value enterprise AI growth. Salesforce partners with Anthropic to integrate Claude AI into its ecosystem
• Positive Sentiment: Recent fiscal second-quarter results exceeded expectations, with adjusted EPS of $5.90 versus the $3.27 consensus and revenue of $11.35 billion. Salesforce also raised its outlook, while rapid adoption of Agentforce and Data 360 is reinforcing the view that AI can expand—not undermine—its software business. Is Salesforce cheap on strong Q2 results and higher guidance?
• Positive Sentiment: Analysts continue to raise their expectations: Cantor Fitzgerald lifted its target to $300 and assigned an Overweight rating, while BTIG reaffirmed Buy with a $300 target. Needham also reiterated Buy and set a more bullish $400 target. Salesforce analyst forecasts
• Positive Sentiment: BTIG said it is incrementally more confident that Salesforce’s business trends are improving, adding support to the recovery thesis following the company’s stronger quarter and raised guidance. BTIG comments on Salesforce business trends
• Neutral Sentiment: Salesforce has rallied sharply since its earnings report, with commentary highlighting a broader rebound in enterprise software and the unwinding of bearish hedge-fund positions. This improves sentiment but also leaves the stock vulnerable to profit-taking. Jim Cramer discusses the enterprise software rebound
• Negative Sentiment: Some analysts remain cautious about the pace of future earnings growth. Northland Securities raised its FY2027 EPS estimate but reduced projections for the third and fourth quarters and slightly lowered its FY2028 forecast, underscoring execution risk after the guidance increase. Salesforce raised guidance and must deliver revenue acceleration
• Negative Sentiment: Technical commentary describes CRM as overbought after its recent surge. Investors may be locking in gains while waiting for evidence that AI bookings and revenue growth can accelerate enough to justify the higher valuation. Salesforce may be overbought

Salesforce Stock Down 0.5%

Salesforce stock opened at $256.93 on Thursday. The firm has a market capitalization of $211.45 billion, a price-to-earnings ratio of 23.42, a PEG ratio of 1.20 and a beta of 1.20. The company's 50 day simple moving average is $187.58 and its 200 day simple moving average is $183.95. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.84 and a quick ratio of 0.84. Salesforce Inc. has a fifty-two week low of $146.32 and a fifty-two week high of $269.11.

Salesforce (NYSE:CRM - Get Free Report) last issued its earnings results on Wednesday, August 26th. The CRM provider reported $5.90 EPS for the quarter, beating the consensus estimate of $3.27 by $2.63. The firm had revenue of $11.35 billion during the quarter, compared to the consensus estimate of $11.33 billion. Salesforce had a net margin of 21.99% and a return on equity of 24.90%. The business's quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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. As a group, sell-side analysts anticipate that Salesforce Inc. will post 12.64 EPS for the current year.

Analysts Set New Price Targets

CRM has been the subject of a number of recent research reports. Bank of America assumed coverage on shares of Salesforce in a research note on Monday, May 18th. They set an "underperform" rating and a $160.00 price target for the company. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $225.00 price objective on shares of Salesforce in a research note on Tuesday, August 25th. Daiwa Securities Group dropped their target price on shares of Salesforce from $295.00 to $280.00 and set a "buy" rating for the company in a research report on Tuesday, June 2nd. Susquehanna assumed coverage on Salesforce in a research note on Wednesday, July 1st. They issued a "neutral" rating on the stock. Finally, Argus raised their price target on Salesforce from $290.00 to $300.00 and gave the stock a "buy" rating in a research report on Monday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, fifteen have given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, Salesforce presently has an average rating of "Moderate Buy" and a consensus price target of $266.50.

About Salesforce

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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