Deane Retirement Strategies Inc. grew its holdings in Salesforce Inc. (NYSE:CRM – Free Report) by 17.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,620 shares of the CRM provider’s stock after acquiring an additional 4,545 shares during the period. Salesforce accounts for 2.0% of Deane Retirement Strategies Inc.’s portfolio, making the stock its 21st largest holding. Deane Retirement Strategies Inc.’s holdings in Salesforce were worth $4,798,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the business. J. Stern & Co. LLP increased its stake in shares of Salesforce by 24,056.7% in the 4th quarter. J. Stern & Co. LLP now owns 47,385,511 shares of the CRM provider’s stock worth $12,552,896,000 after purchasing an additional 47,189,352 shares in the last quarter. Norges Bank purchased a new position in Salesforce during the fourth quarter valued at $3,182,951,000. Arrowstreet Capital Limited Partnership lifted its position in Salesforce by 130.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 12,659,217 shares of the CRM provider’s stock valued at $2,363,096,000 after purchasing an additional 7,160,302 shares in the last quarter. Cardano Risk Management B.V. grew its holdings in Salesforce by 924.7% during the fourth quarter. Cardano Risk Management B.V. now owns 3,883,610 shares of the CRM provider’s stock valued at $1,028,807,000 after purchasing an additional 3,504,605 shares during the period. Finally, Capital International Investors increased its position in Salesforce by 13.3% in the fourth 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. Hedge funds and other institutional investors own 80.43% of the company’s stock.
Salesforce Trading Down 0.1%
Shares of CRM opened at $192.48 on Monday. 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 has a market cap of $157.64 billion, a P/E ratio of 22.28, a price-to-earnings-growth ratio of 1.04 and a beta of 1.16. The company has a 50 day simple moving average of $171.23 and a two-hundred day simple moving average of $182.95. Salesforce Inc. has a 1 year low of $146.32 and a 1 year high of $269.11.
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