Maryland State Retirement & Pension System increased its position in shares of Salesforce Inc. (NYSE:CRM – Free Report) by 13.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,789 shares of the CRM provider’s stock after acquiring an additional 5,728 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Salesforce were worth $11,200,000 as of its most recent SEC filing.
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A number of other institutional investors have also recently bought and sold shares of the company. ABS Direct Equity Fund LLC bought a new stake in Salesforce in the second quarter valued at approximately $25,000. Latitude Advisors LLC bought a new position in shares of Salesforce during the third quarter worth $25,000. Manning & Napier Advisors LLC bought a new position in shares of Salesforce during the second quarter worth $26,000. Persistent Asset Partners Ltd acquired a new position in shares of Salesforce in the 2nd quarter valued at $27,000. Finally, Gables Capital Management Inc. acquired a new position in shares of Salesforce in the 2nd quarter valued at $28,000. Institutional investors and hedge funds own 80.43% of the company’s stock.
Insider Activity
In related news, Director Craig Conway sold 4,500 shares of the stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $260.61, for a total transaction of $1,172,745.00. Following the completion of the transaction, the director directly owned 5,437 shares in the company, valued at approximately $1,416,936.57. This trade represents a 45.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David Blair Kirk bought 4,176 shares of the company’s stock in a transaction that occurred on Friday, September 18th. The stock was purchased at an average cost of $239.33 per share, for a total transaction of $999,442.08. Following the transaction, the director owned 18,748 shares in the company, valued at $4,486,958.84. The trade was a 28.66% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 3.50% of the company’s stock.
Salesforce Stock Up 1.8%
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Shares of CRM stock opened at $217.35 on Thursday. The firm has a fifty day moving average of $236.99 and a 200-day moving average of $198.48. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.02. Salesforce Inc. has a 12-month low of $146.32 and a 12-month high of $269.11. The company has a market capitalization of $178.88 billion, a price-to-earnings ratio of 19.81, a P/E/G ratio of 0.97 and a beta of 1.24.
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