Sustainable Growth Advisers 13F: Cuts CRM Stake by $60M

Sustainable Growth Advisers lowered its investment in Salesforce, Inc. NYSE:CRM, according to a Form 13F filing submitted to the SEC on October 15, 2026. Institutional investors like Sustainable Growth Advisers use these quarterly reports to update the public on their stock portfolios, though the backward-looking nature of the data means these numbers reflect older holdings and may not show what the fund holds today.

What Changed in Sustainable Growth Advisers's Salesforce Position

The fund cut its stake by 17.4% during the period, selling off 262,410 shares. That left Sustainable Growth Advisers with 1,242,188 shares of Salesforce, with a reported total value of $285,169,099 at the time of the report.

Other Institutional Activity in Salesforce

Blackrock Inc. reduced its holdings by 6,940,990 shares, ending with 72,748,909 shares worth about $17,510,662,174. Vanguard Capital Management LLC cut its stake by 12.2%, shedding 7,268,365 shares to finish with 52,065,228 shares valued at approximately $12,532,100,220. State Street Corporation trimmed its position by 8.3%, parting with 4,082,604 shares to hold 44,869,478 shares worth roughly $10,800,083,217. Morgan Stanley lowered its investment by 26.4%, cutting 8,365,972 shares to end with 23,311,316 shares valued at about $5,611,033,690. Geode Capital Management, LLC reduced its stake by 10.9%, selling 2,411,499 shares to hold 19,814,297 shares worth around $4,769,301,227.

Salesforce, Inc. Stock Up 2.0%

Salesforce shares recently traded at $240.63, up 5.1% since moving past their 50-day moving average of $229.04. The stock is also up 20.8% compared to its 200-day moving average of $199.18. Shares sit 10.6% below their 52-week high of $269.11.

Recent Earnings

Salesforce posted trailing-twelve-month revenue of $43.94 billion alongside earnings of $10.84 per share. The company reported a net profit margin of 22.0% and a return on equity of 19.4%. The next quarterly earnings report is scheduled for December 2, 2026.

Dividend

Salesforce pays an annual dividend yielding 0.71% backed by a payout ratio of 15.7%.

Insider Buying and Selling at Salesforce, Inc.

On September 4, 2026, Director Craig Conway sold 4,500 shares for a total value of $1,172,746. Later, on September 18, 2026, Director David Blair Kirk bought 4,176 shares at an average price of $239.33, totaling $999,451.

Analysts Set New Price Targets

On September 17, 2026, Freedom Broker maintained its Buy rating and raised its price target from $230.00 to $295.00. On September 18, 2026, Citizens reiterated its Market Outperform rating with a $315.00 price target. On the same day, Stephens & Co. reiterated an Equal-Weight rating with a $289.00 price target, while Wells Fargo maintained an Equal-Weight rating and lifted its target from $230.00 to $250.00. Later, on October 12, 2026, B of A Securities upgraded the stock to Buy and boosted its price target from $160.00 to $285.00. Overall, analysts give the stock a consensus buy rating with a mean price target of $285.68 across 54 opinions.

About Salesforce

Salesforce, Inc. builds cloud-based customer relationship management tools that help businesses connect with their clients. Its software platform spans sales, service, marketing, and commerce, making it a central player in enterprise technology infrastructure.

Bottom Line

Investors tracking Sustainable Growth Advisers should remember that 13F filings look backward at past quarters. Watch for Salesforce's upcoming earnings report on December 2, 2026, for fresh details on the company's financial direction.