Canandaigua National Bank & Trust Co. bought a new stake in shares of Salesforce Inc. (NYSE:CRM – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 14,900 shares of the CRM provider’s stock, valued at approximately $2,334,000.
Several other institutional investors have also recently made changes to their positions in the stock. Fred Alger Management LLC lifted its holdings in Salesforce by 0.3% during the 3rd quarter. Fred Alger Management LLC now owns 14,943 shares of the CRM provider’s stock worth $3,548,000 after purchasing an additional 45 shares in the last quarter. Richards Merrill & Peterson Inc. grew its holdings in Salesforce by 1.1% during the 4th quarter. Richards Merrill & Peterson Inc. now owns 4,239 shares of the CRM provider’s stock valued at $1,123,000 after buying an additional 46 shares in the last quarter. Wright Investors Service Inc. increased its position in shares of Salesforce by 0.8% during the fourth quarter. Wright Investors Service Inc. now owns 6,186 shares of the CRM provider’s stock valued at $1,639,000 after buying an additional 47 shares during the period. Mowery & Schoenfeld Wealth Management LLC lifted its holdings in shares of Salesforce by 6.9% in the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 745 shares of the CRM provider’s stock worth $197,000 after buying an additional 48 shares in the last quarter. Finally, Synergy Financial Group LTD lifted its holdings in shares of Salesforce by 2.4% in the third quarter. Synergy Financial Group LTD now owns 2,035 shares of the CRM provider’s stock worth $482,000 after buying an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.
Salesforce Trading Up 2.7%
Shares of CRM opened at $191.02 on Wednesday. Salesforce Inc. has a 1-year low of $146.32 and a 1-year high of $269.11. The company has a market capitalization of $156.45 billion, a P/E ratio of 22.11, a P/E/G ratio of 1.01 and a beta of 1.16. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.79 and a quick ratio of 0.79. The firm’s 50 day simple moving average is $170.69 and its 200 day simple moving average is $183.76.
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