Robeco Institutional Asset Management B.V. increased its stake in Salesforce Inc. (NYSE:CRM – Free Report) by 126.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,166,078 shares of the CRM provider’s stock after buying an additional 652,007 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.14% of Salesforce worth $267,697,000 as of its most recent SEC filing.
- The AI Buildout Is Only 15% Complete—Here Is Where the Next Dollar Actually Goes
Several other institutional investors have also added to or reduced their stakes in the company. Zullo Investment Group Inc. boosted its holdings in Salesforce by 1.8% during the 3rd quarter. Zullo Investment Group Inc. now owns 3,388 shares of the CRM provider’s stock valued at $778,000 after acquiring an additional 60 shares during the period. Rare Wolf Capital LLC lifted its holdings in Salesforce by 0.9% during the 3rd quarter. Rare Wolf Capital LLC now owns 13,432 shares of the CRM provider’s stock valued at $3,084,000 after buying an additional 118 shares in the last quarter. DUTCH ASSET Corp bought a new stake in Salesforce during the 3rd quarter valued at about $262,000. Bank Pictet & Cie Europe AG boosted its position in Salesforce by 3.9% in the 3rd quarter. Bank Pictet & Cie Europe AG now owns 239,810 shares of the CRM provider’s stock valued at $55,053,000 after buying an additional 8,979 shares during the period. Finally, 55 North Private Wealth LLC boosted its position in Salesforce by 9.0% in the 3rd quarter. 55 North Private Wealth LLC now owns 1,677 shares of the CRM provider’s stock valued at $385,000 after buying an additional 139 shares during the period. Institutional investors own 80.43% of the company’s stock.
Salesforce Stock Up 0.1%
Salesforce stock opened at $242.77 on Wednesday. The business has a fifty day moving average of $233.29 and a two-hundred day moving average of $195.68. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.02. The firm has a market cap of $199.80 billion, a P/E ratio of 22.13, a P/E/G ratio of 1.10 and a beta of 1.26. Salesforce Inc. has a twelve month low of $146.32 and a twelve month high of $269.11.
Ad Altimetry
Small Colorado Company (Backed by Sam Altman) Could Save U.S. Power Grid
A small Colorado company has secured rights to technology that could prevent the U.S. public power grid from collapsing — and billionaire Sam Altman is now an investor.nnThis under-the-radar firm is drawing serious attention from those watching the energy infrastructure space closely.
Click here to learn this company’s name for free today
