Bradley Foster & Sargent Inc. CT Has $3.10 Million Stock Position in Salesforce Inc. $CRM

Bradley Foster & Sargent Inc. CT lowered its stake in Salesforce Inc. (NYSE:CRM) by 58.1% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 16,592 shares of the CRM provider’s stock after selling 22,986 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Salesforce were worth $3,097,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Commonwealth Retirement Investments LLC bought a new stake in Salesforce in the 4th quarter valued at approximately $25,000. Key Capital Management INC bought a new stake in Salesforce during the 4th quarter worth about $26,000. Gilpin Wealth Management LLC acquired a new position in shares of Salesforce during the 4th quarter worth about $26,000. Legacy Bridge LLC bought a new position in shares of Salesforce in the 4th quarter valued at about $27,000. Finally, Costello Asset Management INC grew its holdings in shares of Salesforce by 410.3% in the 1st quarter. Costello Asset Management INC now owns 148 shares of the CRM provider’s stock valued at $28,000 after acquiring an additional 119 shares in the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce said the U.S. Department of Veterans Affairs awarded it a $1.6 billion, three-year agreement to help modernize veteran care and services through its Missionforce platform, a major enterprise and government win that could support future revenue growth. Article Title
• Positive Sentiment: Market commentary highlighted Salesforce as part of a broader rally in enterprise software tied to government AI deals, suggesting investors are rewarding the company’s AI-driven growth story and large-addressable-market opportunity. Article Title
• Positive Sentiment: Salesforce also announced equity awards for new employees joining from the acquisitions of Qualified and MeshMesh, reinforcing that the company is still using M&A and talent integration to expand its product capabilities. Article Title
• Neutral Sentiment: Several pieces discussed Salesforce’s longer-term outlook and AI platform strategy, including third-party takes on catalysts and new apps built on Salesforce, which support the stock’s narrative but are less immediate drivers than the VA deal. Article Title
• Negative Sentiment: One article flagged a “critical security test” for Salesforce, which could raise investor concerns about execution and platform trust, though it is not as immediate as the contract news. Article Title
• Negative Sentiment: Salesforce was also mentioned in a piece about the company falling more than the broader market the prior day, reflecting that the stock has still been under pressure despite the recent upbeat headlines. Article Title

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Daiwa Securities Group dropped their target price on Salesforce from $295.00 to $280.00 and set a “buy” rating on the stock in a report on Tuesday, June 2nd. DA Davidson decreased their target price on Salesforce from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Thursday, May 28th. UBS Group reaffirmed an “equal weight” rating on shares of Salesforce in a report on Tuesday, July 21st. Bank of America initiated coverage on shares of Salesforce in a research report on Monday, May 18th. They set an “underperform” rating and a $160.00 price objective for the company. Finally, Barclays upgraded shares of Salesforce from an “overweight” rating to an “overweight” rating in a report on Thursday, June 18th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, sixteen have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $249.51.

Salesforce Stock Down 0.0%

Shares of NYSE:CRM opened at $163.65 on Monday. Salesforce Inc. has a 52-week low of $146.32 and a 52-week high of $274.00. The company has a market capitalization of $134.03 billion, a PE ratio of 18.94, a price-to-earnings-growth ratio of 0.88 and a beta of 1.18. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.79 and a current ratio of 0.79. The company has a fifty day moving average of $170.08 and a 200-day moving average of $187.31.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share 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 business had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.05 billion. During the same quarter in the previous year, the company posted $2.58 EPS. Salesforce’s quarterly revenue was up 13.3% compared to the same quarter last year. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. On average, equities analysts predict that Salesforce Inc. will post 10.29 EPS for the current fiscal year.

Salesforce Dividend Announcement

The company also recently disclosed 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 of this dividend was Thursday, June 11th. This represents a $1.76 annualized dividend and a dividend yield of 1.1%. Salesforce’s dividend payout ratio is currently 20.37%.

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.