Engineers Gate Manager LP Purchases 230,506 Shares of Salesforce Inc. $CRM

Engineers Gate Manager LP increased its holdings in shares of Salesforce Inc. (NYSE:CRM) by 12,313.4% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 232,378 shares of the CRM provider’s stock after acquiring an additional 230,506 shares during the quarter. Engineers Gate Manager LP’s holdings in Salesforce were worth $36,404,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CRM. Fred Alger Management LLC increased its holdings in shares of Salesforce by 0.3% in the third quarter. Fred Alger Management LLC now owns 14,943 shares of the CRM provider’s stock worth $3,548,000 after acquiring an additional 45 shares in the last quarter. Synergy Financial Group LTD lifted its holdings in shares of Salesforce by 2.4% during the 3rd quarter. Synergy Financial Group LTD now owns 2,035 shares of the CRM provider’s stock valued at $482,000 after purchasing an additional 48 shares in the last quarter. CBIZ Investment Advisory Services LLC lifted its holdings in shares of Salesforce by 35.4% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 199 shares of the CRM provider’s stock valued at $53,000 after purchasing an additional 52 shares in the last quarter. Krane Funds Advisors LLC grew its position in shares of Salesforce by 0.7% in the 4th quarter. Krane Funds Advisors LLC now owns 8,254 shares of the CRM provider’s stock valued at $2,187,000 after purchasing an additional 57 shares during the period. Finally, HBW Advisory Services LLC grew its position in shares of Salesforce by 0.4% in the 1st quarter. HBW Advisory Services LLC now owns 13,098 shares of the CRM provider’s stock valued at $2,445,000 after purchasing an additional 57 shares during the period. 80.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on CRM shares. Needham & Company LLC restated a “buy” rating and set a $400.00 target price on shares of Salesforce in a report on Wednesday, September 2nd. BMO Capital Markets upped their price target on shares of Salesforce from $230.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, August 27th. Roth Capital reissued a “buy” rating and set a $325.00 price objective on shares of Salesforce in a research report on Thursday, May 28th. Wolfe Research raised shares of Salesforce from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 27th. Finally, Mizuho raised their price objective on shares of Salesforce from $250.00 to $265.00 and gave the stock an “outperform” rating in a report on Thursday, August 27th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Salesforce currently has a consensus rating of “Moderate Buy” and an average target price of $266.50.

Salesforce Trading Down 2.0%

NYSE CRM opened at $244.19 on Thursday. The stock has a market capitalization of $200.97 billion, a price-to-earnings ratio of 22.26, a PEG ratio of 1.15 and a beta of 1.20. The stock’s 50 day moving average price is $197.36 and its two-hundred day moving average price is $186.34. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.84 and a current ratio of 0.84. Salesforce Inc. has a 52 week low of $146.32 and a 52 week high of $269.11.

Salesforce (NYSE:CRM) last issued its quarterly earnings results on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share for the quarter, topping the consensus estimate of $3.27 by $2.63. Salesforce had a net margin of 21.99% and a return on equity of 24.90%. The company had revenue of $11.35 billion during the quarter, compared to analysts’ expectations of $11.33 billion. During the same period last year, the business earned $2.91 EPS. The business’s quarterly revenue was up 10.8% on a year-over-year basis. 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, analysts anticipate that Salesforce Inc. will post 12.65 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 17th will be given a $0.44 dividend. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $1.76 dividend on an annualized basis and a yield of 0.7%. Salesforce’s dividend payout ratio (DPR) is 16.04%.

Insider Transactions at Salesforce

In other Salesforce news, Director Craig Conway sold 4,500 shares of Salesforce stock in a transaction on Friday, September 4th. The shares were sold at an average price of $260.61, for a total value of $1,172,745.00. Following the sale, the director directly owned 5,437 shares in the company, valued at approximately $1,416,936.57. The trade was a 45.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.50% of the company’s stock.

Trending Headlines about Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Agentforce momentum is improving. Agentforce annual recurring revenue reportedly surpassed $1.5 billion, signaling increasing customer adoption of Salesforce’s AI agents. However, the business remains relatively small compared with Salesforce’s overall revenue base, suggesting a gradual rather than explosive effect on growth. Agentforce ARR Hits $1.5B: Can It Boost Salesforce’s Revenue Growth?
• Positive Sentiment: Analysts continue to identify long-term growth potential. Coverage points to stabilizing growth, rising AI monetization and a valuation that remains below some major enterprise-software peers. Salesforce’s recent earnings beat, including quarterly revenue of $11.35 billion and earnings of $5.90 per share, also supports the bullish case. Why Salesforce Is a Top Growth Stock for the Long Term
• Neutral Sentiment: Investors are awaiting next week’s Dreamforce and Investor Day events. Management could provide additional details on Agentforce adoption, AI monetization and future growth targets, potentially clarifying whether the recent rally can continue. Salesforce Is Nearly Fully Priced: Why Bulls Say This Is Just the Beginning
• Negative Sentiment: Salesforce is reportedly in preliminary talks to acquire Listen Labs for approximately $2 billion. The AI customer-research platform was last valued at about $500 million, raising concerns about the purchase price, integration risk and whether the acquisition will generate sufficient returns. The uncertainty appears to be weighing on CRM. Salesforce Has Held Talks to Buy Listen Labs
• Negative Sentiment: Valuation and profit-taking remain risks. After a sharp recent rally, some commentary describes the stock as close to fully priced, leaving less room for disappointment if AI revenue growth does not accelerate rapidly. Salesforce Stock Gains 34% in a Month

About Salesforce

Salesforce, Inc is a cloud-based software company that provides customer relationship management (CRM) technology and related enterprise applications. Its platform helps organizations manage sales, customer service, marketing, commerce, data analytics and business operations through subscription-based software and cloud services.

The company’s product portfolio includes Sales Cloud, Service Cloud, Marketing Cloud, Commerce Cloud, Data Cloud and the Salesforce Platform. Salesforce also offers Slack for workplace collaboration, Tableau for data visualization and analytics, MuleSoft for application integration, and artificial intelligence capabilities, including its Agentforce platform for building and deploying AI agents.

Founded in 1999, Salesforce is headquartered in San Francisco, California, and serves businesses and organizations across a broad range of industries and geographic markets worldwide.