--- title: "BlackRock Inc. Makes New Investment in Salesforce Inc. $CRM" type: "News" locale: "en" url: "https://longbridge.com/en/news/296189541.md" description: "BlackRock Inc. purchased a new stake in Salesforce Inc. (CRM) during the second quarter, acquiring approximately 72.75 million shares valued at $11.4 billion, bringing its total ownership to about 8.88%. This move follows recent earnings where Salesforce beat EPS estimates and raised guidance. Other institutional investors also adjusted their positions in Q4. Analysts maintain a 'Moderate Buy' consensus with a target price of $249.05, though ratings vary from Strong Buy to Sell." datetime: "2026-08-18T07:20:54.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296189541.md) - [en](https://longbridge.com/en/news/296189541.md) - [zh-HK](https://longbridge.com/zh-HK/news/296189541.md) generator: "portal-rs" --- # BlackRock Inc. Makes New Investment in Salesforce Inc. $CRM BlackRock Inc. purchased a new stake in Salesforce Inc. (NYSE:CRM - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund purchased 72,748,909 shares of the CRM provider's stock, valued at approximately $11,396,844,000. BlackRock Inc. owned about 8.88% of Salesforce as of its most recent filing with the SEC. - 3 Unique AI Software Plays With Strong Analyst Support A number of other large investors also recently made changes to their positions in the business. Commonwealth Retirement Investments LLC acquired a new position in Salesforce in the fourth quarter valued at $25,000. Gilpin Wealth Management LLC purchased a new position in Salesforce during the fourth quarter worth about $26,000. Birchwood Financial Partners Inc. acquired a new stake in Salesforce in the 4th quarter worth about $28,000. Swiss RE Ltd. purchased a new stake in Salesforce in the 4th quarter valued at about $28,000. Finally, Dogwood Wealth Management LLC grew its holdings in Salesforce by 285.7% in the 4th quarter. Dogwood Wealth Management LLC now owns 108 shares of the CRM provider's stock valued at $29,000 after buying an additional 80 shares during the period. Hedge funds and other institutional investors own 80.43% of the company's stock. ## Salesforce Stock Performance NYSE CRM opened at $191.20 on Tuesday. 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 $269.11. The firm has a market capitalization of $156.59 billion, a P/E ratio of 22.13, a P/E/G ratio of 1.06 and a beta of 1.16. The business's 50-day simple moving average is $171.58 and its 200-day simple moving average is $181.69. - 5 Tech Stocks to Buy on the July Pullback Salesforce (NYSE:CRM - Get Free Report) last posted its earnings results on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.13 by $0.75. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. The firm had revenue of $11.13 billion during the quarter, compared to the consensus estimate of $11.05 billion. During the same quarter in the prior year, the company earned $2.58 EPS. The company's revenue was up 13.3% on a year-over-year basis. 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 predict that Salesforce Inc. will post 10.27 EPS for the current year. ## Salesforce Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th were given a $0.44 dividend. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $1.76 annualized dividend and a dividend yield of 0.9%. Salesforce's dividend payout ratio is presently 20.37%. ## Wall Street Analysts Forecast Growth - Technology Stocks Just Got Cheaper—Here Are 5 Mega-Caps Worth a Closer Look Several research analysts have recently weighed in on the stock. Citigroup upgraded shares of Salesforce from a "hold" rating to a "buy" rating in a report on Wednesday, July 1st. Morgan Stanley restated an "equal weight" rating and issued a $185.00 target price (down from $287.00) on shares of Salesforce in a report on Tuesday, July 21st. Scotiabank lowered shares of Salesforce from a "sector outperform" rating to a "sector perform" rating in a research report on Thursday, June 18th. Wells Fargo & Company increased their price target on shares of Salesforce from $200.00 to $205.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 12th. Finally, DA Davidson decreased their price target on shares of Salesforce from $200.00 to $175.00 and set a "neutral" rating on the stock in a report on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, seventeen have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $249.05. **Check Out Our Latest Research Report on CRM** ## Salesforce Company Profile (Free Report) 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. ## Read More - Five stocks we like better than Salesforce - Commodities Are Booming, But These 3 ETFs Tell Different Stories - 3 Active ETFs Making Big Moves in August - This ETF Is Outperforming by Avoiding the S&P 500’s Biggest Problem - Birkenstock Beats the Skeptics—But Not on EPS *This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.* Continue following MarketBeat Add MarketBeat as your preferred source on Google to see our latest stories in your feed. Add As Preferred Source ## Should You Invest $1,000 in Salesforce Right Now? Before you consider Salesforce, you'll want to hear this. 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. While Salesforce currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. 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