Salesforce Inc. $CRM Shares Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA raised its stake in Salesforce Inc. (NYSE:CRM) by 12.8% during the 1st quarter, HoldingsChannel reports. The firm owned 4,419,154 shares of the CRM provider’s stock after acquiring an additional 499,885 shares during the quarter. Salesforce accounts for about 0.9% of Pictet Asset Management Holding SA’s portfolio, making the stock its 16th largest position. Pictet Asset Management Holding SA’s holdings in Salesforce were worth $824,877,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. ABN AMRO Bank N.V. boosted its holdings in Salesforce by 5.9% in the 1st quarter. ABN AMRO Bank N.V. now owns 38,661 shares of the CRM provider’s stock worth $7,272,000 after acquiring an additional 2,167 shares during the period. Cambient Family Office LLC lifted its position in shares of Salesforce by 14.8% during the first quarter. Cambient Family Office LLC now owns 2,196 shares of the CRM provider’s stock worth $410,000 after purchasing an additional 283 shares in the last quarter. Value Partners Investments Inc. boosted its stake in shares of Salesforce by 74.7% in the first quarter. Value Partners Investments Inc. now owns 387,196 shares of the CRM provider’s stock valued at $72,352,000 after purchasing an additional 165,620 shares during the period. Mayfair Advisory Group LLC purchased a new position in shares of Salesforce in the first quarter valued at $228,000. Finally, Signature Wealth Management Partners LLC grew its holdings in Salesforce by 73.2% during the 1st quarter. Signature Wealth Management Partners LLC now owns 1,621 shares of the CRM provider’s stock valued at $303,000 after purchasing an additional 685 shares in the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Salesforce Price Performance

CRM opened at $158.23 on Friday. The company has a 50-day moving average of $175.56 and a 200-day moving average of $201.20. The company has a market capitalization of $129.59 billion, a P/E ratio of 18.31, a PEG ratio of 0.99 and a beta of 1.16. Salesforce Inc. has a 1-year low of $146.32 and a 1-year high of $276.80. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.79 and a current ratio of 0.79.

Salesforce (NYSE:CRM) last issued its quarterly earnings results on Wednesday, May 27th. The CRM provider reported $3.88 EPS for the quarter, topping the consensus estimate of $3.13 by $0.75. The business had revenue of $11.13 billion for 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 quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.58 earnings per share. 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 expect that Salesforce Inc. will post 10.29 EPS for the current fiscal year.

Salesforce Dividend Announcement

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

Salesforce announced that its board has initiated a stock buyback plan on Monday, March 16th that permits the company to buyback $25.00 billion in outstanding shares. This buyback authorization permits the CRM provider to purchase up to 14.1% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CRM. HC Wainwright lowered shares of Salesforce to a “negative” rating in a report on Thursday, June 18th. B. Riley Financial raised their target price on Salesforce from $205.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Citigroup reaffirmed a “market outperform” rating on shares of Salesforce in a research report on Thursday, May 28th. Canaccord Genuity Group reiterated a “buy” rating and issued a $225.00 price target on shares of Salesforce in a research note on Tuesday, June 16th. Finally, Sanford C. Bernstein lowered their price objective on Salesforce from $194.00 to $173.00 and set an “underperform” rating for the company in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $257.61.

Key Stories Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: TD Cowen reiterated a Buy rating and a $240 price target on Salesforce, citing AI momentum and growth tied to Agentforce, which reinforces the bullish long-term case for the stock. TD Cowen Reaffirms Buy Rating on Salesforce (CRM) as AI Momentum and Agentforce Drive Growth
• Positive Sentiment: Coverage of Salesforce’s Agentforce and broader AI strategy suggests the company is still seen as a serious player in enterprise AI, which may help offset fears that legacy software growth is slowing. Salesforce Agentforce: A Comprehensive Enterprise Cheat Sheet and Review
• Neutral Sentiment: Several commentary pieces argue Salesforce has been overly sold off and may be undervalued after its post-earnings decline, but these are more valuation arguments than fresh catalysts. Salesforce: Taking Advantage Of The Market’s Misunderstanding Of Enterprise Software
• Neutral Sentiment: Salesforce’s acquisition of m3ter to expand dynamic pricing tools adds to its AI CRM platform, but the immediate stock impact looks limited so far. Salesforce expands AI CRM with acquisition of m3ter for dynamic pricing
• Negative Sentiment: One article notes Salesforce is still down sharply since its last earnings report, reminding investors that sentiment remains fragile despite the recent rebound. Salesforce (CRM) Down 14.8% Since Last Earnings Report: Can It Rebound?
• Negative Sentiment: Another report says Salesforce is trying to defend its AI position with new tools for RIAs, but experts are raising concerns about cost, implementation, and benefits, which could limit enthusiasm. Salesforce tries to catch up on AI — and halt precipitous stock slide — with launch of ‘Agentic Advisor’ for RIAs

About Salesforce

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.