Chiron Capital Management LLC reduced its stake in shares of Salesforce Inc. (NYSE:CRM – Free Report) by 60.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,391 shares of the CRM provider’s stock after selling 5,100 shares during the quarter. Chiron Capital Management LLC’s holdings in Salesforce were worth $778,000 at the end of the most recent quarter.
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Other hedge funds have also recently made changes to their positions in the company. Turtle Creek Wealth Advisors LLC grew its position in shares of Salesforce by 59.2% during the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 5,632 shares of the CRM provider’s stock worth $1,293,000 after buying an additional 2,095 shares in the last quarter. WealthPlan Investment Management LLC bought a new stake in shares of Salesforce in the third quarter valued at about $408,000. Covenant Asset Management LLC raised its holdings in shares of Salesforce by 1.6% in the third quarter. Covenant Asset Management LLC now owns 6,162 shares of the CRM provider’s stock valued at $1,415,000 after acquiring an additional 100 shares in the last quarter. B.A. Schrock Wealth Management Inc. bought a new position in Salesforce during the 3rd quarter worth about $2,256,000. Finally, Howard Financial Services LTD. increased its position in Salesforce by 21.3% during the 3rd quarter. Howard Financial Services LTD. now owns 1,785 shares of the CRM provider’s stock valued at $410,000 after purchasing an additional 314 shares during the period. 80.43% of the stock is currently owned by institutional investors.
Salesforce Stock Up 3.6%
CRM traded up $8.50 during trading on Thursday, hitting $244.45. The stock had a trading volume of 4,412,376 shares, compared to its average volume of 13,552,994. The stock has a 50 day simple moving average of $229.31 and a two-hundred day simple moving average of $194.02. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.84 and a current ratio of 0.84. Salesforce Inc. has a twelve month low of $146.32 and a twelve month high of $269.11. The company has a market capitalization of $201.18 billion, a PE ratio of 22.34, a PEG ratio of 1.08 and a beta of 1.26.
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