California State Teachers Retirement System Sells 56,183 Shares of Salesforce Inc. $CRM

California State Teachers Retirement System decreased its position in Salesforce Inc. (NYSE:CRM) by 3.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 1,407,766 shares of the CRM provider’s stock after selling 56,183 shares during the period. California State Teachers Retirement System’s holdings in Salesforce were worth $262,788,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Fred Alger Management LLC boosted its stake in Salesforce by 0.3% in the 3rd quarter. Fred Alger Management LLC now owns 14,943 shares of the CRM provider’s stock valued at $3,548,000 after purchasing an additional 45 shares during the period. Richards Merrill & Peterson Inc. lifted its holdings in shares of Salesforce by 1.1% during the fourth quarter. Richards Merrill & Peterson Inc. now owns 4,239 shares of the CRM provider’s stock worth $1,123,000 after buying an additional 46 shares in the last quarter. Wright Investors Service Inc. lifted its holdings in shares of Salesforce by 0.8% during the fourth quarter. Wright Investors Service Inc. now owns 6,186 shares of the CRM provider’s stock worth $1,639,000 after buying an additional 47 shares in the last quarter. Shum Financial Group Inc. boosted its position in shares of Salesforce by 1.1% in the fourth quarter. Shum Financial Group Inc. now owns 4,236 shares of the CRM provider’s stock valued at $1,122,000 after acquiring an additional 48 shares during the period. Finally, Mowery & Schoenfeld Wealth Management LLC boosted its position in shares of Salesforce by 6.9% in the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 745 shares of the CRM provider’s stock valued at $197,000 after acquiring an additional 48 shares during the period. Institutional investors own 80.43% of the company’s stock.

Salesforce Stock Up 4.5%

Shares of NYSE CRM opened at $181.42 on Wednesday. The company has a 50 day simple moving average of $170.00 and a 200 day simple moving average of $186.08. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.79 and a quick ratio of 0.79. Salesforce Inc. has a 1 year low of $146.32 and a 1 year high of $274.00. The firm has a market cap of $148.58 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 0.94 and a beta of 1.18.

Salesforce (NYSE:CRM) last announced its quarterly earnings results on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.13 by $0.75. The firm had revenue of $11.13 billion during the quarter, compared to analysts’ expectations of $11.05 billion. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. The company’s revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.58 EPS. 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, research analysts forecast that Salesforce Inc. will post 10.29 EPS for the current year.

Salesforce Announces Dividend

The business also recently announced 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. This represents a $1.76 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, June 11th. Salesforce’s dividend payout ratio (DPR) is currently 20.37%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Needham & Company LLC reissued a “buy” rating on shares of Salesforce in a research note on Tuesday, June 16th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $225.00 price target on shares of Salesforce in a report on Tuesday, June 16th. HSBC upped their price objective on shares of Salesforce from $350.00 to $356.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Piper Sandler downgraded shares of Salesforce from an “overweight” rating to a “neutral” rating in a research note on Thursday, May 28th. Finally, HC Wainwright lowered shares of Salesforce to a “negative” rating in a research report on Thursday, June 18th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, sixteen have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat, Salesforce currently has an average rating of “Moderate Buy” and a consensus target price of $249.51.

More Salesforce News

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: A three-year U.S. Department of Veterans Affairs agreement with a potential value of $1.6 billion is strengthening Salesforce’s government-cloud narrative. The contract expands use of Missionforce, Agentforce, Slack, MuleSoft, Tableau and Data 360 across the VA’s nationwide network, highlighting demand for Salesforce’s AI agents and unified data platform. Will Salesforce’s (CRM) US$1.6 Billion VA AI Deal Redefine Its Government-Cloud Narrative?
• Positive Sentiment: Salesforce was among the enterprise-software leaders in a broad rebound, with investors rotating toward companies positioned to benefit from AI adoption. The sector rally helped lift sentiment after a period of heavy selling. Salesforce Surges 7%, ServiceNow Jumps 8%, Workday Jumps 10% as Software Rebounds on AI Rotation
• Positive Sentiment: Commentary on Salesforce’s earnings move points to continued investor interest following its latest quarterly results, when the company exceeded consensus expectations for both earnings and revenue. The beat supports the view that cost discipline and AI-related products can drive growth. Why Did Salesforce Lead Index Gainers After Its Earnings Move?
• Neutral Sentiment: Night View Capital describes AI as a transformative, economy-wide technology and cites Salesforce as an important platform for corporate AI deployment. The discussion is supportive of the long-term thesis but does not represent a new contract or change to financial guidance. Salesforce’s Impact on AI Deployment in Corporate Environments
• Neutral Sentiment: Analysts maintain a consensus “Moderate Buy” view, while investors weigh Salesforce against other beaten-down Dow companies as a potential dip-buying opportunity. Salesforce Receives Consensus Rating of Moderate Buy
• Negative Sentiment: Despite the rebound, Salesforce remains well below its 52-week high, reflecting lingering concerns about software-sector valuations, competition and the pace at which AI investments translate into recurring revenue. Disney or Salesforce: Which Beaten-Down Dow Giant Is the Smarter Dip-Buy?

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.