Salesforce Inc. $CRM Shares Newly Purchased by Partners Wealth Management LLC

Partners Wealth Management LLC bought a new position in shares of Salesforce Inc. (NYSE:CRM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,463 shares of the CRM provider’s stock, valued at approximately $1,027,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Latitude Advisors LLC acquired a new stake in shares of Salesforce in the 3rd quarter valued at approximately $25,000. Costello Asset Management INC grew its holdings in shares of Salesforce by 410.3% during the 1st quarter. Costello Asset Management INC now owns 148 shares of the CRM provider’s stock valued at $28,000 after purchasing an additional 119 shares during the last quarter. ABS Investment Management LLC acquired a new position in Salesforce during the 2nd quarter worth approximately $610,974,000. ABS Direct Equity Fund LLC acquired a new position in Salesforce during the 2nd quarter worth approximately $25,000. Finally, Manning & Napier Advisors LLC bought a new position in Salesforce in the 2nd quarter valued at approximately $26,000. 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: Salesforce signed a definitive agreement to acquire Rune Technologies, a defense-technology company. The deal supports Salesforce’s push into military and government applications, potentially expanding its addressable market and adding a specialized technology platform. Financial terms were not disclosed. Salesforce Signs Definitive Agreement to Acquire Rune Technologies
• Positive Sentiment: TPM Holdings completed an 18-month realignment centered on Salesforce CRM and artificial intelligence for the architecture, engineering and construction industries. Its combination of TrebleHook and The Hunley Group could expand Salesforce-based implementations and demonstrate growing demand for industry-specific AI tools. TPM Holdings Accelerates Investment in AI and Salesforce CRM
• Positive Sentiment: Several analyst and investment articles describe Salesforce as a potential AI rebound candidate, citing autonomous AI agents, improving monetization, strong free cash flow and its leadership in customer relationship management. These views may support longer-term sentiment, although they are not new company guidance. AI Comeback Story Article
• Neutral Sentiment: Salesforce’s earnings report is approaching, making upcoming revenue growth, AI adoption, margins and forward guidance the main near-term catalysts. The company’s latest reported quarter included revenue of $11.35 billion and adjusted earnings that exceeded consensus estimates. Salesforce Earnings Preview
• Negative Sentiment: Salesforce declined in sympathy with ServiceNow, Fortinet and other software stocks after investors focused on slower contracted-revenue growth despite earnings beats and higher AI targets. The reaction has renewed concerns about enterprise-software demand, AI monetization timelines and elevated sector valuations. ServiceNow Results Dent Software Stocks

Salesforce Stock Down 1.0%

NYSE:CRM opened at $228.56 on Friday. The firm’s 50 day simple moving average is $238.94 and its 200 day simple moving average is $198.88. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.84 and a quick ratio of 0.84. Salesforce Inc. has a one year low of $146.32 and a one year high of $269.11. The company has a market cap of $188.10 billion, a PE ratio of 20.84, a P/E/G ratio of 1.05 and a beta of 1.26.

Salesforce (NYSE:CRM) last posted its earnings results on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share for the quarter, topping analysts’ consensus estimates of $3.27 by $2.63. Salesforce had a net margin of 21.99% and a return on equity of 24.90%. The firm had revenue of $11.35 billion for the quarter, compared to analyst estimates of $11.33 billion. During the same period in the previous year, the firm posted $2.91 EPS. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. On average, research analysts anticipate that Salesforce Inc. will post 12.82 earnings per share for the current year.

Salesforce Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Thursday, September 17th were paid a $0.44 dividend. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $1.76 annualized dividend and a dividend yield of 0.8%. Salesforce’s payout ratio is currently 16.04%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Stephens restated an “equal weight” rating and issued a $289.00 target price on shares of Salesforce in a research report on Friday, September 18th. Cantor Fitzgerald reiterated an “overweight” rating and set a $300.00 price target on shares of Salesforce in a report on Wednesday, October 21st. Royal Bank Of Canada reiterated a “sector perform” rating and set a $250.00 price target on shares of Salesforce in a report on Thursday, September 17th. Evercore reiterated an “outperform” rating on shares of Salesforce in a research note on Tuesday, October 20th. Finally, Wolfe Research raised Salesforce from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 27th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Salesforce currently has an average rating of “Moderate Buy” and a consensus target price of $278.98.

Insider Buying and Selling at Salesforce

In related news, Director Craig Conway sold 4,500 shares of the stock in a transaction on Friday, September 4th. The stock was sold at an average price of $260.61, for a total value of $1,172,745.00. Following the completion of the sale, the director directly owned 5,437 shares in the company, valued at $1,416,936.57. This represents a 45.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David Blair Kirk bought 4,176 shares of the stock in a transaction that occurred on Friday, September 18th. The shares were bought at an average cost of $239.33 per share, with a total value of $999,442.08. Following the completion of the transaction, the director owned 18,748 shares in the company, valued at $4,486,958.84. The trade was a 28.66% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 3.50% of the company’s stock.

Salesforce Profile

Salesforce, Inc (NYSE: CRM) is a global enterprise software company that provides cloud-based customer relationship management (CRM) technology. Its platform helps organizations manage sales, customer service, marketing, commerce, data, analytics and interactions with customers across digital and traditional channels.

The company’s products include Sales Cloud, Service Cloud, Marketing Cloud, Commerce Cloud and Data Cloud. Salesforce also offers Tableau for data visualization and analytics, MuleSoft for application integration, and Slack for workplace collaboration.