Barlow Wealth Partners LLC boosted its position in Salesforce Inc. (NYSE:CRM – Free Report) by 44.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 95,913 shares of the CRM provider’s stock after purchasing an additional 29,293 shares during the quarter. Salesforce comprises 1.7% of Barlow Wealth Partners LLC’s holdings, making the stock its 27th biggest position. Barlow Wealth Partners LLC’s holdings in Salesforce were worth $15,977,000 at the end of the most recent quarter.
- Salesforce Looks Overbought, But the Rally May Be Far From Over
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fred Alger Management LLC lifted its holdings in Salesforce by 0.3% in the third quarter. Fred Alger Management LLC now owns 14,943 shares of the CRM provider’s stock worth $3,548,000 after purchasing an additional 45 shares during the period. Synergy Financial Group LTD increased its stake in Salesforce by 2.4% during the 3rd quarter. Synergy Financial Group LTD now owns 2,035 shares of the CRM provider’s stock valued at $482,000 after buying an additional 48 shares during the period. CBIZ Investment Advisory Services LLC raised its position in shares of Salesforce by 35.4% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 199 shares of the CRM provider’s stock worth $53,000 after buying an additional 52 shares in the last quarter. Krane Funds Advisors LLC raised its position in shares of Salesforce by 0.7% during the 4th quarter. Krane Funds Advisors LLC now owns 8,254 shares of the CRM provider’s stock worth $2,187,000 after buying an additional 57 shares in the last quarter. Finally, HBW Advisory Services LLC lifted its stake in shares of Salesforce by 0.4% in the 1st quarter. HBW Advisory Services LLC now owns 13,098 shares of the CRM provider’s stock worth $2,445,000 after acquiring an additional 57 shares during the period. 80.43% of the stock is owned by institutional investors and hedge funds.
Salesforce Price Performance
NYSE CRM opened at $264.13 on Friday. The stock has a market capitalization of $217.38 billion, a P/E ratio of 24.08, a P/E/G ratio of 1.19 and a beta of 1.20. Salesforce Inc. has a 1 year low of $146.32 and a 1 year high of $269.11. The business‘s fifty day moving average is $189.85 and its two-hundred day moving average is $184.47. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.84 and a current ratio of 0.84.
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