<div id="readability-page-1"><p>Townsquare Capital LLC boosted its holdings in  Salesforce Inc. (NYSE:CRM - Free Report) by 8.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities &amp; Exchange Commission. The firm owned 54,273 shares of the CRM provider's stock after acquiring an additional 4,312 shares during the quarter. Townsquare Capital LLC's holdings in Salesforce were worth $14,565,000 at the end of the most recent quarter.</p><ul><li>Salesforce Stock Set for 30% Upside to Reach New Highs</li></ul><p>Several other hedge funds have also recently added to or reduced their stakes in the business. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of  Salesforce by 926.4% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,256,211 shares of the CRM provider's stock worth $1,422,979,000 after purchasing an additional 3,841,521 shares during the last quarter.  GAMMA Investing LLC lifted its position in  Salesforce by 30,456.9% during the 1st quarter. GAMMA Investing LLC now owns 3,801,588 shares of the CRM provider's stock worth $1,020,194,000 after buying an additional 3,789,147 shares in the last quarter.  Northern Trust Corp grew its holdings in  Salesforce by 18.3% during the 4th quarter. Northern Trust Corp now owns 11,224,927 shares of the CRM provider's stock worth $3,752,830,000 after acquiring an additional 1,736,667 shares during the last quarter.  Pacer Advisors Inc. increased its position in  Salesforce by 1,744.0% in the 1st quarter. Pacer Advisors Inc. now owns 1,820,262 shares of the CRM provider's stock valued at $488,486,000 after acquiring an additional 1,721,550 shares in the last quarter.  Finally, Price T Rowe Associates Inc. MD raised its stake in shares of  Salesforce by 23.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,938,536 shares of the CRM provider's stock worth $2,988,422,000 after acquiring an additional 1,683,233 shares during the last quarter. Institutional investors and hedge funds own  80.43% of the company's stock. </p><h2>Insider Buying and Selling</h2><p>In other news, insider Srinivas Tallapragada sold 6,697 shares of the business's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $295.00, for a total transaction of $1,975,615.00. Following the transaction, the insider directly owned 41,422 shares in the company, valued at $12,219,490. The trade was a 13.92% decrease in their position. The transaction was disclosed in a document filed with the Securities &amp; Exchange Commission, which is available at this link. Also, CEO Marc Benioff sold 2,250 shares of the firm's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $259.67, for a total transaction of $584,257.50. Following the completion of the sale, the chief executive officer owned 11,955,566 shares of the company's stock, valued at $3,104,501,823.22. This trade represents a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 46,479 shares of company stock valued at $12,457,591. Corporate insiders own  3.20% of the company's stock. </p><h2>Analysts Set New Price Targets</h2><ul><li>Why Wall Street Is Betting on These 3 Comeback Stocks</li></ul><p>Several analysts have recently commented on the stock. Erste Group Bank cut shares of Salesforce from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a research note on Thursday, June 5th. DA Davidson  reiterated an &#34;underperform&#34; rating and issued a $200.00 price objective on shares of Salesforce in a research report on Wednesday, May 28th. Sanford C. Bernstein boosted their target price on Salesforce from $243.00 to $255.00 and gave the stock an &#34;underperform&#34; rating in a research report on Thursday, May 29th. JMP Securities  reaffirmed a &#34;market outperform&#34; rating and set a $430.00 price target on shares of Salesforce in a research note on Friday, July 11th. Finally, Needham &amp; Company LLC  reiterated a &#34;buy&#34; rating and issued a $400.00 price objective on shares of Salesforce in a research report on Wednesday, May 28th. Three equities research analysts have rated the stock with a sell rating, eight have assigned  a hold rating, twenty-seven have given a buy rating and four have assigned  a strong buy rating to the company's stock. According to MarketBeat.com, the company  has a consensus rating of &#34;Moderate Buy&#34; and a consensus target price of $348.16.</p><p><b>Read Our Latest Stock Report on CRM</b></p><h2>Salesforce Stock Performance</h2><ul><li>3 Cloud Software Leaders Positioned for AI Upside</li></ul><p>Shares of CRM stock opened at $240.63 on Friday. Salesforce Inc. has a 12 month low of $230.00 and a 12 month high of $369.00. The company's fifty day simple moving average is $263.97 and its 200-day simple moving average is $280.10. The firm has a market cap of $230.04 billion, a PE ratio of 37.66, a P/E/G ratio of 2.26 and a beta of 1.37. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.14. </p><p>Salesforce (NYSE:CRM - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The CRM provider reported $2.58 EPS for the quarter, topping the consensus estimate of $2.55 by $0.03. Salesforce had a net margin of 16.08% and a return on equity of 12.94%. The firm had revenue of $9.83 billion for the quarter, compared to analysts' expectations of $9.74 billion. During the same period in the previous year, the firm posted $2.44 EPS. The company's revenue for the quarter was up 7.6% on a year-over-year basis.  Equities research analysts expect that  Salesforce Inc. will post 7.46 EPS for the current fiscal year. </p><h2>Salesforce Cuts Dividend</h2><p>The business also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th were paid a $0.416 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Wednesday, June 18th. Salesforce's dividend payout ratio (DPR) is currently 25.98%. </p><h2>About Salesforce</h2> (Free Report)<p>Salesforce, Inc provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Salesforce</li><li>How to Invest in the Best Canadian Stocks </li><li>Wall Street Has Left Intel for Dead—Here's Why You Shouldn’t</li><li>The Most Important Warren Buffett Stock for Investors: His Own</li><li>D-Wave Delivers Growth Shock—Investors Eye Quantum Future</li><li>What Are Dividends? Buy the Best Dividend Stocks</li><li>3 AI Infrastructure Stocks Powering the Next Tech Revolution</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUNSTQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUNSTQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Salesforce Right Now?</h2><p>Before you consider Salesforce, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Salesforce wasn't on the list.</p><p>While Salesforce currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Townsquare Capital LLC boosted its holdings in Salesforce Inc. (NYSE:CRM - Free Report) by 8.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.</p>

Townsquare Capital LLC Acquires 4,312 Shares of Salesforce Inc. (NYSE:CRM)