Fideuram Intesa Sanpaolo Private Banking S.P.A. boosted its holdings in Salesforce Inc. (NYSE:CRM – Free Report) by 74.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 229,576 shares of the CRM provider’s stock after buying an additional 98,252 shares during the quarter. Salesforce accounts for approximately 1.5% of Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings, making the stock its 11th biggest position. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Salesforce were worth $42,855,000 as of its most recent SEC filing.
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Several other hedge funds and other institutional investors have also bought and sold shares of CRM. J. Stern & Co. LLP lifted its position in Salesforce by 24,056.7% during 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 purchasing an additional 47,189,352 shares during the period. Norges Bank purchased a new position in shares of Salesforce in the 4th quarter worth $3,182,951,000. Capital World Investors grew its holdings in shares of Salesforce by 159.0% in the third quarter. Capital World Investors now owns 17,325,206 shares of the CRM provider’s stock worth $4,106,255,000 after acquiring an additional 10,636,161 shares during the period. Cardano Risk Management B.V. grew its holdings in shares of Salesforce by 924.7% in the fourth quarter. Cardano Risk Management B.V. now owns 3,883,610 shares of the CRM provider’s stock worth $1,028,807,000 after acquiring an additional 3,504,605 shares during the period. Finally, Capital International Investors increased its position in Salesforce by 13.3% during the fourth quarter. Capital International Investors now owns 22,721,010 shares of the CRM provider’s stock valued at $6,019,199,000 after acquiring an additional 2,669,891 shares during the last quarter. Institutional investors own 80.43% of the company’s stock.
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Salesforce Stock Performance
NYSE:CRM opened at $165.94 on Friday. The company has a market cap of $135.90 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 1.02 and a beta of 1.18. Salesforce Inc. has a 1 year low of $146.32 and a 1 year high of $276.80. The stock’s 50 day simple moving average is $173.71 and its two-hundred day simple moving average is $197.94. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.79 and a quick ratio of 0.79.
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