New Mexico Educational Retirement Board Buys 2,600 Shares of Salesforce Inc. $CRM

New Mexico Educational Retirement Board increased its stake in shares of Salesforce Inc. (NYSE:CRM) by 5.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,686 shares of the CRM provider’s stock after acquiring an additional 2,600 shares during the period. New Mexico Educational Retirement Board’s holdings in Salesforce were worth $7,314,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CRM. BlackRock Inc. acquired a new position in Salesforce in the 2nd quarter worth $11,396,844,000. J. Stern & Co. LLP raised its stake in shares of Salesforce by 24,056.7% in the 4th 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 during the period. Bank of America Corp DE bought a new stake in shares of Salesforce in the second quarter valued at about $1,914,086,000. Norges Bank bought a new stake in shares of Salesforce in the fourth quarter valued at about $3,182,951,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Salesforce by 130.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 12,659,217 shares of the CRM provider’s stock worth $2,363,096,000 after buying an additional 7,160,302 shares during the period. 80.43% of the stock is owned by institutional investors.

Trending Headlines about Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Strong quarterly beat and raised outlook: Salesforce reported adjusted EPS of $5.90 versus the $3.27 consensus estimate, while revenue rose 10.8% year over year to $11.35 billion, broadly topping expectations. Management raised its fiscal 2027 revenue outlook to approximately $46.1 billion-$46.4 billion and pointed to stronger bookings, lower attrition and potential organic growth reacceleration. Salesforce Stock Soars After Strong Results, Raised Outlook
• Positive Sentiment: AI partnership strengthens the growth narrative: Salesforce expanded its alliance with Anthropic, integrating Claude into Agentforce and launching “Claudeforce,” which places Salesforce CRM capabilities inside Claude. Investors viewed the agreement as evidence that Salesforce can monetize AI and benefit from rising usage; Agentforce and Data 360 annual recurring revenue approached $3.9 billion, with Agentforce ARR reaching about $1.5 billion. Salesforce Soars on Earnings Beat and AI Partnership
• Positive Sentiment: Analyst and institutional support: Wolfe Research upgraded CRM to “strong buy,” while several firms raised price targets, including Truist to $300, JPMorgan to $265 and Mizuho to $265. Heavy trading and reports of institutional buying suggest investors are reassessing the stock’s valuation and the broader software sector’s AI prospects.
• Neutral Sentiment: Profit quality warrants scrutiny: Strategic investment gains contributed $2.53 of the $5.90 adjusted EPS, including an estimated $2.7 billion unrealized gain tied to Salesforce’s Anthropic investment. This boosted reported earnings but may not represent recurring operating performance. Salesforce Stock Just Soared. Thank Anthropic.
• Negative Sentiment: Valuation and execution risks remain: After the rally, some analysts still see limited upside or downside, with UBS, Citi, Morgan Stanley and Wells Fargo retaining neutral or equivalent ratings. Critics also caution that Anthropic could control the AI orchestration layer, potentially limiting Salesforce’s long-term strategic leverage, while the rapid move may already price in much of the AI opportunity.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CRM. Wedbush assumed coverage on Salesforce in a report on Wednesday, July 1st. They set an “outperform” rating for the company. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Salesforce in a research report on Thursday. JPMorgan Chase & Co. raised their price target on shares of Salesforce from $250.00 to $265.00 and gave the stock an “overweight” rating in a research note on Thursday. BTIG Research reiterated a “buy” rating and issued a $255.00 price objective on shares of Salesforce in a report on Monday, August 24th. Finally, Monness Crespi & Hardt boosted their price objective on shares of Salesforce from $222.00 to $266.00 and gave the stock a “buy” rating in a research report on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $261.15.

Salesforce Stock Performance

CRM opened at $256.60 on Friday. The business’s 50-day simple moving average is $181.24 and its 200 day simple moving average is $182.55. 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 1.02, a quick ratio of 0.79 and a current ratio of 0.84. The firm has a market capitalization of $210.16 billion, a PE ratio of 23.39, a PEG ratio of 1.36 and a beta of 1.16.

Salesforce (NYSE:CRM) last announced its quarterly earnings results on Wednesday, August 26th. The CRM provider reported $5.90 EPS for the quarter, beating analysts’ consensus estimates of $3.27 by $2.63. The firm had revenue of $11.35 billion during the quarter, compared to analysts’ expectations of $11.33 billion. Salesforce had a net margin of 21.99% and a return on equity of 24.90%. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter last year, the company 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. As a group, sell-side analysts expect that Salesforce Inc. will post 10.27 earnings per share for the current fiscal year.

Salesforce Company 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.