AMF Tjanstepension AB Purchases 17,897 Shares of Salesforce Inc. $CRM

AMF Tjanstepension AB lifted its holdings in Salesforce Inc. (NYSE:CRM) by 1.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 941,220 shares of the CRM provider’s stock after purchasing an additional 17,897 shares during the quarter. Salesforce comprises 1.2% of AMF Tjanstepension AB’s holdings, making the stock its 25th biggest position. AMF Tjanstepension AB’s holdings in Salesforce were worth $175,698,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. J. Stern & Co. LLP raised its holdings 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 worth $12,552,896,000 after acquiring an additional 47,189,352 shares during the period. Norges Bank bought a new position in Salesforce during the 4th quarter worth about $3,182,951,000. Cardano Risk Management B.V. increased its holdings in Salesforce by 924.7% during the 4th quarter. Cardano Risk Management B.V. now owns 3,883,610 shares of the CRM provider’s stock worth $1,028,807,000 after purchasing an additional 3,504,605 shares in the last quarter. Capital International Investors raised its stake in shares of 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 purchasing an additional 2,669,891 shares during the period. Finally, Capital World Investors lifted its holdings in shares of Salesforce by 13.5% in the fourth quarter. Capital World Investors now owns 19,672,684 shares of the CRM provider’s stock valued at $5,211,515,000 after purchasing an additional 2,347,478 shares in the last quarter. 80.43% of the stock is owned by institutional investors.

More Salesforce News

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce announced a $1 billion investment in Switzerland over five years to expand adoption of agentic AI, reinforcing its commitment to AI-led growth and potentially strengthening its international enterprise relationships.
• Positive Sentiment: A bullish deep-dive argued Salesforce is trading at a depressed valuation, with strong free-cash-flow generation and a large debt-funded buyback that reduced share count by more than 10%, signaling management confidence in the business.
• Neutral Sentiment: Salesforce also unveiled MCP-powered capabilities for Slackbot, which could improve product usefulness and customer engagement, but the market may need proof that these features translate into faster growth.
• Neutral Sentiment: Triveni Power Transmission’s partnership with Salesforce for customer engagement in manufacturing adds another example of industry adoption, though the near-term financial impact appears limited.
• Negative Sentiment: KeyBanc’s downgrade and slightly lower earnings forecast added to investor skepticism that Agentforce will become a major growth catalyst soon.
• Negative Sentiment: Several market commentaries highlighted that CRM has been a weak performer over the past year, and the recent pullback suggests investors remain cautious despite its lower valuation.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CRM shares. Jefferies Financial Group raised shares of Salesforce from a “buy” rating to a “buy” rating in a research note on Wednesday, July 1st. HSBC boosted their price objective on shares of Salesforce from $350.00 to $356.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Phillip Securities downgraded shares of Salesforce from a “buy” rating to a “hold” rating and decreased their target price for the company from $253.00 to $166.00 in a research report on Monday, June 29th. The Goldman Sachs Group started coverage on shares of Salesforce in a research note on Thursday, June 18th. They issued a “neutral” rating on the stock. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $250.00 price target on shares of Salesforce in a research report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Salesforce currently has a consensus rating of “Moderate Buy” and a consensus target price of $254.42.

Salesforce Trading Up 0.0%

CRM stock opened at $163.34 on Monday. Salesforce Inc. has a one year low of $146.32 and a one year high of $274.00. The stock has a market cap of $133.77 billion, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 0.88 and a beta of 1.18. The company has a fifty day moving average price of $171.89 and a two-hundred day moving average price of $194.02. 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) last posted its quarterly earnings data on Wednesday, May 27th. The CRM provider reported $3.88 EPS for the quarter, topping analysts’ consensus estimates of $3.13 by $0.75. Salesforce had a return on equity of 18.72% and a net margin of 18.73%.The firm had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.05 billion. During the same quarter last year, the company earned $2.58 EPS. The company’s revenue was up 13.3% on a year-over-year basis. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. Equities analysts anticipate that Salesforce Inc. will post 10.29 EPS for the current year.

Salesforce Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th were paid a $0.44 dividend. The ex-dividend date was Thursday, June 11th. This represents a $1.76 annualized dividend and a dividend yield of 1.1%. Salesforce’s dividend payout ratio (DPR) is presently 20.37%.

Salesforce announced that its Board of Directors has initiated a stock repurchase plan on Monday, March 16th that authorizes the company to buyback $25.00 billion in outstanding shares. This buyback authorization authorizes the CRM provider to repurchase up to 14.1% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s management believes its stock is undervalued.

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.