Public Employees Retirement System of Ohio Acquires Shares of 313,053 Salesforce Inc. $CRM

Key Points

• Public Employees Retirement System of Ohio acquired 313,053 Salesforce shares worth approximately $49 million, while institutional investors and hedge funds collectively own 80.43% of the company.
• Salesforce reported adjusted quarterly EPS of $5.90, exceeding the $3.27 consensus, and revenue of $11.35 billion, up 10.8% year over year. Management also issued fiscal 2027 EPS guidance of $16.67–$16.71.
• Analysts remain generally positive, with Salesforce carrying a consensus “Moderate Buy” rating and an average price target of $261.15.

Public Employees Retirement System of Ohio bought a new position in Salesforce Inc. (NYSE:CRM - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 313,053 shares of the CRM provider's stock, valued at approximately $49,043,000.

Several other institutional investors and hedge funds have also made changes to their positions in CRM. Brighton Jones LLC grew its holdings in shares of Salesforce by 13.7% during the fourth quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider's stock valued at $8,582,000 after purchasing an additional 3,102 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in shares of Salesforce by 12.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider's stock worth $611,000 after buying an additional 205 shares during the period. Bison Wealth LLC grew its stake in shares of Salesforce by 9.0% in the fourth quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider's stock worth $747,000 after purchasing an additional 184 shares in the last quarter. Sivia Capital Partners LLC increased its stake in Salesforce by 3.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,958 shares of the CRM provider's stock valued at $807,000 after buying an additional 106 shares during the period. Finally, United Bank increased its stake in shares of Salesforce by 5.2% during the second quarter. United Bank now owns 10,198 shares of the CRM provider's stock valued at $2,781,000 after acquiring an additional 500 shares during the period. 80.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CRM shares. Raymond James Financial reiterated a "strong-buy" rating on shares of Salesforce in a research report on Thursday. Daiwa Securities Group dropped their target price on shares of Salesforce from $295.00 to $280.00 and set a "buy" rating on the stock in a research report on Tuesday, June 2nd. Guggenheim restated a "buy" rating and issued a $228.00 price target on shares of Salesforce in a research report on Thursday. Sanford C. Bernstein reiterated an "outperform" rating on shares of Salesforce in a research report on Thursday. Finally, DA Davidson increased their target price on Salesforce from $175.00 to $200.00 and gave the company a "neutral" rating in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, sixteen have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Salesforce presently has a consensus rating of "Moderate Buy" and an average target price of $261.15.

Salesforce Stock Up 22.6%

Shares of Salesforce stock opened at $252.15 on Friday. The firm has a market cap of $206.51 billion, a price-to-earnings ratio of 22.99, a P/E/G ratio of 1.11 and a beta of 1.16. The stock has a 50-day simple moving average of $179.14 and a 200-day simple moving average of $182.03. Salesforce Inc. has a 52-week low of $146.32 and a 52-week high of $269.11. 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 issued its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share for the quarter, beating the consensus estimate of $3.27 by $2.63. The firm had revenue of $11.35 billion for the quarter, compared to analyst estimates of $11.33 billion. Salesforce had a net margin of 21.99% and a return on equity of 23.35%. The company's revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter last 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. On average, equities research analysts expect that Salesforce Inc. will post 10.27 earnings per share for the current fiscal year.

More Salesforce News

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Strong quarterly performance: Salesforce reported adjusted EPS of $5.90, well above the $3.27 consensus, while revenue rose 10.8% year over year to $11.35 billion, slightly exceeding expectations. Profit was also helped by gains on strategic investments, including Salesforce’s stake in Anthropic. Salesforce stock jumps on AI growth and Anthropic investment gain
• Positive Sentiment: Raised outlook: Management lifted fiscal 2027 revenue guidance to $46.1 billion-$46.4 billion and EPS guidance to $16.67-$16.71. Third-quarter EPS guidance of $3.42-$3.44 also topped the $3.16 analyst estimate, signaling confidence in demand and profitability. Salesforce raises annual revenue forecasts on AI product momentum
• Positive Sentiment: AI adoption is gaining traction: Current remaining performance obligations accelerated 14% in constant currency, while Agentforce and Data 360 annual recurring revenue approached $3.9 billion. Reports also highlighted a sixfold increase in AI usage, supporting the view that AI may expand Salesforce’s platform rather than replace it. Jim Cramer says Nvidia and Salesforce earnings upended two bear narratives
• Positive Sentiment: Anthropic partnership expands Salesforce’s AI offering: The “Claudeforce” initiative integrates Anthropic’s Claude with Salesforce workflows, data and governance, including prebuilt sales skills. Investors view the partnership as a potential catalyst for Agentforce adoption and AI monetization. Salesforce and Anthropic announce Claudeforce
• Positive Sentiment: Analyst reaction improved: JPMorgan, Mizuho, BMO, Truist and Monness Crespi raised their price targets, with targets ranging from $260 to $300; Needham maintained a Buy rating with a $400 target. The results were widely described as weakening the “SaaSpocalypse” bear thesis. Salesforce Q2 results squash SaaSpocalypse fears

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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