Anchor Investment Management LLC increased its position in shares of Salesforce Inc. (NYSE:CRM – Free Report) by 184.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,983 shares of the CRM provider’s stock after purchasing an additional 11,663 shares during the quarter. Anchor Investment Management LLC’s holdings in Salesforce were worth $2,817,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of Salesforce by 1.3% in the 4th quarter. State Street Corp now owns 50,080,230 shares of the CRM provider’s stock valued at $13,286,909,000 after buying an additional 659,573 shares during the period. BlackRock Inc. acquired a new stake in Salesforce during the second quarter worth about $11,396,844,000. Capital International Investors lifted its holdings 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 acquiring an additional 2,669,891 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Salesforce by 3.8% in the fourth quarter. Geode Capital Management LLC now owns 21,782,556 shares of the CRM provider’s stock worth $5,751,073,000 after acquiring an additional 791,345 shares during the last quarter. Finally, Capital World Investors boosted its stake in Salesforce by 13.5% in the fourth quarter. Capital World Investors now owns 19,672,684 shares of the CRM provider’s stock valued at $5,211,515,000 after acquiring an additional 2,347,478 shares during the period. Institutional investors and hedge funds own 80.43% of the company’s stock.
Salesforce Stock Performance
CRM traded down $4.07 during trading hours on Tuesday, hitting $255.36. The company’s stock had a trading volume of 10,395,412 shares, compared to its average volume of 14,020,091. The company has a 50-day simple moving average of $202.41 and a 200 day simple moving average of $187.76. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $210.16 billion, a PE ratio of 23.28, a PEG ratio of 1.13 and a beta of 1.20. Salesforce Inc. has a fifty-two week low of $146.32 and a fifty-two week high of $269.11.
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