Railway Pension Investments Ltd boosted its holdings in Salesforce Inc. (NYSE:CRM - Free Report) by 16.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 223,000 shares of the CRM provider's stock after acquiring an additional 32,000 shares during the period. Railway Pension Investments Ltd's holdings in Salesforce were worth $34,935,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in CRM. BlackRock Inc. bought a new position in Salesforce in the 2nd quarter worth approximately $11,396,844,000. State Street Corp raised its stake in shares of Salesforce by 1.3% during the fourth quarter. State Street Corp now owns 50,080,230 shares of the CRM provider's stock valued at $13,286,909,000 after purchasing an additional 659,573 shares in the last quarter. J. Stern & Co. LLP raised its stake in shares of Salesforce by 24,056.7% during 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. Capital International Investors grew its position in Salesforce by 13.3% in the 4th quarter. Capital International Investors now owns 22,721,010 shares of the CRM provider's stock valued at $6,019,199,000 after buying an additional 2,669,891 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Salesforce by 3.8% during the 4th quarter. Geode Capital Management LLC now owns 21,782,556 shares of the CRM provider's stock valued at $5,751,073,000 after buying an additional 791,345 shares during the period. 80.43% of the stock is currently owned by institutional investors and hedge funds.
Salesforce Price Performance
Shares of Salesforce stock opened at $258.06 on Tuesday. The stock has a market capitalization of $212.38 billion, a price-to-earnings ratio of 23.52, a P/E/G ratio of 1.12 and a beta of 1.16. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.02. Salesforce Inc. has a 1-year low of $146.32 and a 1-year high of $269.11. The firm's 50-day moving average price is $183.40 and its two-hundred day moving average price is $182.93.
Salesforce (NYSE:CRM - Get Free Report) last released its quarterly earnings results on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 return on equity of 24.90% and a net margin of 21.99%.The firm's revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the previous 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, equities analysts predict that Salesforce Inc. will post 12.77 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of research firms have recently commented on CRM. UBS Group boosted their price objective on Salesforce from $210.00 to $240.00 and gave the stock a "neutral" rating in a research note on Thursday, August 27th. KeyCorp downgraded shares of Salesforce from an "overweight" rating to a "sector weight" rating in a research report on Wednesday, July 8th. Morgan Stanley increased their price objective on Salesforce from $185.00 to $235.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 27th. B. Riley Financial boosted their price target on shares of Salesforce from $205.00 to $240.00 and gave the company a "buy" rating in a report on Thursday, May 28th. Finally, Evercore reaffirmed an "outperform" rating on shares of Salesforce in a research report on Thursday. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, fifteen have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $262.12.
Read Our Latest Analysis on Salesforce
Key Stories Impacting Salesforce
Here are the key news stories impacting Salesforce this week:
- Positive Sentiment: Strong quarterly results and AI momentum: Salesforce exceeded earnings expectations, with revenue increasing 10.8% year over year. Agentforce annual recurring revenue surpassed $1.5 billion, growing 240%, reinforcing the view that customers are adopting Salesforce’s AI agents at scale. Salesforce Q2 2027 Earnings Call Transcript
- Positive Sentiment: Anthropic partnership supports the AI narrative: Reports highlighting Salesforce’s “Claudeforce” integration with Anthropic are adding to expectations that Salesforce can deliver more capable enterprise automation tools and monetize generative AI. Salesforce and Anthropic partnership
- Positive Sentiment: Analyst support: Argus raised its Salesforce price target from $290 to $300 and maintained a Buy rating. Wolfe Research also upgraded the stock, adding further momentum after the earnings report. Salesforce price-target update
- Positive Sentiment: Sector sentiment has improved: Salesforce’s results are helping ease “SaaSpocalypse” concerns that AI could weaken traditional software demand. Investors are instead seeing evidence that AI may increase demand for enterprise platforms. SaaS software stock rally
Salesforce Company Profile
(
Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Salesforce, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Salesforce wasn't on the list.
While Salesforce currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy is entering a new growth cycle as rising power demand, expanding data centers, and renewed policy support bring the sector back into focus. After strong gains in recent years, the most impactful phase of nuclear investment may still be ahead.
This report highlights seven nuclear energy stocks positioned across the value chain—combining near-term revenue with long-term upside as next-generation technologies scale. Click the link below to unlock the full list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
