Amundi 13F: Cuts Salesforce (CRM) Stake by $129M

Amundi Trims Position in Salesforce

Institutional investment manager Amundi scaled back its exposure to Salesforce, Inc. (NYSE:CRM) during the period, according to a Form 13F filing with the U.S. Securities and Exchange Commission. The firm cut its holdings by an 18.3% margin, shedding 824,506 shares of the customer relationship management software provider. Note that 13F filings are backward-looking snapshots that reflect holdings at the close of the reporting period and may not represent the investor's current position today.

Details of the Reduction

Before the trade, Amundi held 4,490,699 shares of Salesforce. After selling off 824,506 shares during the period, the firm's ending position stood at 3,666,193 shares. The reported value of the remaining stake sat at approximately $574.3 million, giving a sense of the large scale of the fund's investment in the software maker even after the trim.

Salesforce Stock Performance

Salesforce shares recently changed hands at $156.66, sitting closer to their 52-week low of $146.32 than the upper bound of $269.11. The stock has faced downward pressure, trading under both its 50-day moving average of $229.04 and its 200-day moving average of $199.18. The company carries a price-to-earnings ratio of 22.76 alongside a forward P/E of 15.40.

Analysts Set New Price Targets

Wall Street analysts maintain a generally positive outlook on the software developer, supported by recent updates from major financial firms. On October 12, 2026, B of A Securities upgraded the stock to a Buy rating while lifting its price target from $160.00 to $285.00. Earlier on September 18, 2026, Citizens reiterated a Market Outperform rating with a $315.00 price target, and Stephens & Co. reiterated an Equal-Weight rating with a $289.00 price target. Wells Fargo also maintained its Equal-Weight rating on September 18 while raising its target from $230.00 to $250.00. Overall, the stock holds a consensus Buy recommendation across 54 analyst opinions, with a mean price target of $285.68.

Inside Salesforce's Cloud and AI Operations

Headquartered in San Francisco, Salesforce provides customer relationship management technology that links companies and their customers globally. The company develops artificial intelligence agents and data engines, including Agentforce and Data 360, alongside collaboration tools like Slack and enterprise data platforms. These services help businesses manage sales, service, and marketing automation across hybrid cloud environments.

What to Watch at Salesforce, Inc.

Investors tracking Amundi and other major institutional players will look toward upcoming SEC filings to see if the fund continues trimming its software holdings or stabilizes its position. Salesforce is scheduled to report its next round of earnings on December 2, 2026, which will offer fresh insight into the company's revenue growth, net margins, and artificial intelligence product adoption.