California State Teachers Retirement System lifted its holdings in Salesforce Inc. (NYSE:CRM – Free Report) by 13,260.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 188,085,056 shares of the CRM provider’s stock after acquiring an additional 186,677,290 shares during the quarter. California State Teachers Retirement System owned approximately 22.97% of Salesforce worth $29,465,405,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. bought a new stake in shares of Salesforce during the second quarter worth $11,396,844,000. State Street Corp increased its stake in shares of Salesforce by 1.3% in the fourth quarter. State Street Corp now owns 50,080,230 shares of the CRM provider’s stock valued at $13,286,909,000 after buying an additional 659,573 shares in the last quarter. J. Stern & Co. LLP raised its holdings in shares of Salesforce by 24,056.7% in the fourth quarter. J. Stern & Co. LLP now owns 47,385,511 shares of the CRM provider’s stock valued at $12,552,896,000 after buying an additional 47,189,352 shares during the last quarter. Capital International Investors lifted its position in Salesforce by 13.3% during the 4th quarter. Capital International Investors now owns 22,721,010 shares of the CRM provider’s stock worth $6,019,199,000 after buying an additional 2,669,891 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Salesforce by 3.8% during the 4th quarter. Geode Capital Management LLC now owns 21,782,556 shares of the CRM provider’s stock worth $5,751,073,000 after buying an additional 791,345 shares in the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.
Salesforce Stock Up 0.1%
Shares of Salesforce stock opened at $259.39 on Tuesday. The business has a fifty day simple moving average of $193.90 and a 200 day simple moving average of $185.49. The stock has a market cap of $213.48 billion, a PE ratio of 23.65, a price-to-earnings-growth ratio of 1.20 and a beta of 1.20. 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.
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