Salesforce Inc. $CRM Shares Purchased by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. lifted its holdings in Salesforce Inc. (NYSE:CRM) by 74.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 229,576 shares of the CRM provider’s stock after acquiring an additional 98,252 shares during the quarter. Salesforce accounts for 1.5% of Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings, making the stock its 11th biggest position. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Salesforce were worth $42,855,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CRM. Temasek Holdings Private Ltd lifted its position in Salesforce by 3.7% in the fourth quarter. Temasek Holdings Private Ltd now owns 683,790 shares of the CRM provider’s stock valued at $181,143,000 after purchasing an additional 24,332 shares during the period. SFE Investment Counsel raised its stake in shares of Salesforce by 82.7% during the 4th quarter. SFE Investment Counsel now owns 17,394 shares of the CRM provider’s stock worth $4,608,000 after buying an additional 7,871 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Salesforce by 8.9% during the 3rd quarter. Van ECK Associates Corp now owns 1,299,513 shares of the CRM provider’s stock worth $307,984,000 after buying an additional 106,107 shares in the last quarter. Eminence Capital LP lifted its holdings in shares of Salesforce by 5.6% in the 3rd quarter. Eminence Capital LP now owns 830,536 shares of the CRM provider’s stock valued at $196,837,000 after buying an additional 43,888 shares during the period. Finally, Hilton Head Capital Partners LLC acquired a new position in Salesforce during the fourth quarter worth $997,000. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Key Salesforce News

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Guggenheim upgraded Salesforce to Buy and argued the stock’s recent weakness offers a better buying opportunity, helping fuel a rebound in CRM shares. Salesforce Will Face AI Disruption but Stock Still Gets an Upgrade to Buy
• Positive Sentiment: Analysts highlighted Salesforce’s Data 360 momentum, AI-driven recurring revenue growth, and potential Informatica synergies as reasons fiscal 2027 revenue growth could improve. Can Salesforce’s Data 360 Momentum Drive Stronger FY27 Growth?
• Positive Sentiment: Citizens reiterated a Market Outperform rating after Salesforce’s Fin acquisition and Agentforce expansion, reinforcing the bullish AI/productivity narrative. Citizens Reiterates Market Outperform Rating on Salesforce (CRM) Following Fin Acquisition and Agentforce Expansion
• Neutral Sentiment: Several articles noted that Salesforce remains a popular analyst consensus pick, with a “Moderate Buy” view broadly still in place. Salesforce Inc. (NYSE:CRM) Given Consensus Recommendation of “Moderate Buy” by Analysts
• Negative Sentiment: Despite the upgrade-driven bounce, Salesforce has still been hit by heavy recent selling, with coverage noting it fell more than 10% over the past month and lost over 25% in June, underscoring investor concern about the pace of growth. Salesforce (CRM) Down More Than 10% Over the Past Month, Here’s What You Need to Know
• Negative Sentiment: Some commentary suggested AI expectations may be getting ahead of fundamentals, with analysts debating whether Salesforce’s valuation still fully reflects slower near-term growth. Salesforce (CRM) Stock Sees Modest Fair Value Cut As Analysts Debate AI Growth

Salesforce Stock Up 1.7%

Shares of Salesforce stock opened at $165.94 on Friday. Salesforce Inc. has a 12-month low of $146.32 and a 12-month high of $276.80. The firm has a market capitalization of $135.90 billion, a PE ratio of 19.21, a price-to-earnings-growth ratio of 1.02 and a beta of 1.18. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.15. The stock’s fifty day moving average is $173.71 and its 200-day moving average is $197.94.

Salesforce (NYSE:CRM) last issued its quarterly earnings results 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 firm had revenue of $11.13 billion for the quarter, compared to analysts’ expectations of $11.05 billion. During the same quarter last year, the business posted $2.58 EPS. Salesforce’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 earnings per share for the current year.

Salesforce declared that its board has authorized a stock buyback 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 stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Salesforce Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Thursday, June 11th were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $1.76 dividend on an annualized basis and a yield of 1.1%. Salesforce’s dividend payout ratio (DPR) is presently 20.37%.

Analyst Upgrades and Downgrades

CRM has been the subject of a number of research analyst reports. Raymond James Financial started coverage on shares of Salesforce in a report on Wednesday. They issued an “outperform” rating for the company. The Goldman Sachs Group initiated coverage on Salesforce in a report on Thursday, June 18th. They issued a “neutral” rating on the stock. Jefferies Financial Group raised Salesforce from a “buy” rating to a “buy” rating in a report on Wednesday. Scotiabank downgraded Salesforce from a “sector outperform” rating to a “sector perform” rating in a research note on Thursday, June 18th. Finally, Wells Fargo & Company decreased their price objective on shares of Salesforce from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, twelve have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, Salesforce presently has an average rating of “Moderate Buy” and a consensus target price of $254.42.

Salesforce Profile

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.