King Luther Capital Management Corp lowered its holdings in Salesforce Inc. (NYSE:CRM – Free Report) by 8.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 168,773 shares of the CRM provider’s stock after selling 15,662 shares during the quarter. King Luther Capital Management Corp’s holdings in Salesforce were worth $38,745,000 as of its most recent filing with the SEC.
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Other large investors also recently made changes to their positions in the company. Fluent Financial LLC acquired a new stake in shares of Salesforce in the second quarter valued at approximately $2,265,000. TAM Capital Management Inc. bought a new position in Salesforce in the 1st quarter worth approximately $40,945,000. Janus Henderson Group PLC lifted its holdings in Salesforce by 2.5% during the 1st quarter. Janus Henderson Group PLC now owns 127,739 shares of the CRM provider’s stock worth $23,846,000 after buying an additional 3,125 shares in the last quarter. Anchor Investment Management LLC lifted its holdings in Salesforce by 184.5% during the 2nd quarter. Anchor Investment Management LLC now owns 17,983 shares of the CRM provider’s stock worth $2,817,000 after buying an additional 11,663 shares in the last quarter. Finally, Next Capital Management LLC acquired a new position in Salesforce during the 1st quarter worth $2,119,000. Institutional investors own 80.43% of the company’s stock.
Insider Transactions at Salesforce
In related news, Director David Blair Kirk bought 4,176 shares of the firm’s stock in a transaction dated Friday, September 18th. The stock was bought at an average cost of $239.33 per share, for a total transaction of $999,442.08. Following the transaction, the director owned 18,748 shares of the company’s stock, valued at $4,486,958.84. This represents a 28.66% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Craig Conway sold 4,500 shares of the company’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $260.61, for a total value of $1,172,745.00. Following the completion of the sale, the director directly owned 5,437 shares of the company’s stock, valued at approximately $1,416,936.57. This trade represents a 45.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.50% of the stock is currently owned by company insiders.
Salesforce Price Performance
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CRM opened at $217.35 on Thursday. The company has a fifty day moving average price of $236.99 and a two-hundred day moving average price of $198.48. 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 52 week low of $146.32 and a 52 week high of $269.11. The firm has a market capitalization of $178.88 billion, a PE ratio of 19.81, a P/E/G ratio of 0.97 and a beta of 1.24.
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