SFE Investment Counsel Bets Big on Salesforce

SFE Investment Counsel has acquired a new position in Salesforce Inc. (NYSE:CRM), purchasing 13,353 shares valued at approximately $2,092,000 during the second quarter.

This is not an isolated investment; several other institutional investors have also made significant changes to their holdings of CRM. Vanguard Group Inc., for example, increased its stake by 0.3% in the fourth quarter and now owns 89,843,166 shares worth around $23,800,353,000.

Despite some cautionary views that alternative software and AI-native tools threaten Salesforce's traditional CRM franchise, analysts remain optimistic about the company's growth prospects. Evercore has reissued an 'outperform' rating on CRM shares, while JPMorgan recently resumed coverage with an Overweight rating and a $250 price target.