New Mexico Educational Retirement Board Purchases 2,600 Shares of Salesforce Inc. $CRM

New Mexico Educational Retirement Board raised its holdings in shares of Salesforce Inc. (NYSE:CRM) by 5.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,686 shares of the CRM provider’s stock after purchasing an additional 2,600 shares during the period. New Mexico Educational Retirement Board’s holdings in Salesforce were worth $7,314,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CRM. Commonwealth Retirement Investments LLC acquired a new position in Salesforce in the fourth quarter valued at approximately $25,000. Manning & Napier Advisors LLC acquired a new stake in Salesforce during the 2nd quarter worth $26,000. Gilpin Wealth Management LLC bought a new stake in shares of Salesforce during the 4th quarter valued at $26,000. Persistent Asset Partners Ltd acquired a new position in shares of Salesforce in the 2nd quarter valued at $27,000. Finally, Costello Asset Management INC boosted its position in shares of Salesforce by 410.3% in the 1st quarter. Costello Asset Management INC now owns 148 shares of the CRM provider’s stock worth $28,000 after purchasing an additional 119 shares during the last quarter. 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: Strong quarterly beat and raised outlook: Salesforce reported adjusted EPS of $5.90 versus the $3.27 consensus estimate, while revenue rose 10.8% year over year to $11.35 billion, broadly topping expectations. Management raised its fiscal 2027 revenue outlook to approximately $46.1 billion-$46.4 billion and pointed to stronger bookings, lower attrition and potential organic growth reacceleration. Salesforce Stock Soars After Strong Results, Raised Outlook
• Positive Sentiment: AI partnership strengthens the growth narrative: Salesforce expanded its alliance with Anthropic, integrating Claude into Agentforce and launching “Claudeforce,” which places Salesforce CRM capabilities inside Claude. Investors viewed the agreement as evidence that Salesforce can monetize AI and benefit from rising usage; Agentforce and Data 360 annual recurring revenue approached $3.9 billion, with Agentforce ARR reaching about $1.5 billion. Salesforce Soars on Earnings Beat and AI Partnership
• Positive Sentiment: Analyst and institutional support: Wolfe Research upgraded CRM to “strong buy,” while several firms raised price targets, including Truist to $300, JPMorgan to $265 and Mizuho to $265. Heavy trading and reports of institutional buying suggest investors are reassessing the stock’s valuation and the broader software sector’s AI prospects.
• Neutral Sentiment: Profit quality warrants scrutiny: Strategic investment gains contributed $2.53 of the $5.90 adjusted EPS, including an estimated $2.7 billion unrealized gain tied to Salesforce’s Anthropic investment. This boosted reported earnings but may not represent recurring operating performance. Salesforce Stock Just Soared. Thank Anthropic.
• Negative Sentiment: Valuation and execution risks remain: After the rally, some analysts still see limited upside or downside, with UBS, Citi, Morgan Stanley and Wells Fargo retaining neutral or equivalent ratings. Critics also caution that Anthropic could control the AI orchestration layer, potentially limiting Salesforce’s long-term strategic leverage, while the rapid move may already price in much of the AI opportunity.

Salesforce Stock Performance

Shares of Salesforce stock opened at $256.60 on Friday. The company has a market capitalization of $210.16 billion, a PE ratio of 23.39, a PEG ratio of 1.36 and a beta of 1.16. Salesforce Inc. has a 12 month low of $146.32 and a 12 month high of $269.11. The company has a current ratio of 0.84, a quick ratio of 0.79 and a debt-to-equity ratio of 1.02. The stock’s fifty day simple moving average is $181.24 and its 200 day simple moving average is $182.55.

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 the consensus estimate of $3.27 by $2.63. Salesforce had a return on equity of 24.90% and a net margin of 21.99%.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 company posted $2.91 earnings per share. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. 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 predict that Salesforce Inc. will post 10.27 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Citizens Jmp reaffirmed a “market outperform” rating and set a $315.00 price objective on shares of Salesforce in a research note on Tuesday. Morgan Stanley increased their target price on Salesforce from $185.00 to $235.00 and gave the company an “equal weight” rating in a research note on Thursday. Bank of America initiated coverage on Salesforce in a research report on Monday, May 18th. They set an “underperform” rating and a $160.00 target price for the company. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $250.00 price target on shares of Salesforce in a research note on Thursday. Finally, BTIG Research reiterated a “buy” rating and issued a $255.00 price target on shares of Salesforce in a research report on Monday, August 24th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, fifteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Salesforce currently has an average rating of “Moderate Buy” and a consensus price target of $261.15.

Salesforce 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.