Vision Capital Management Inc. reduced its holdings in shares of Salesforce Inc. (NYSE:CRM – Free Report) by 19.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,939 shares of the CRM provider’s stock after selling 5,308 shares during the period. Vision Capital Management Inc.’s holdings in Salesforce were worth $5,037,000 at the end of the most recent reporting period.
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Several other large investors have also recently made changes to their positions in CRM. Thor Investment Management Inc. OH ADV boosted its stake in shares of Salesforce by 0.7% in the 3rd quarter. Thor Investment Management Inc. OH ADV now owns 6,422 shares of the CRM provider’s stock valued at $1,474,000 after purchasing an additional 45 shares in the last quarter. Crumly & Associates Inc. raised its position in Salesforce by 1.5% in the 3rd quarter. Crumly & Associates Inc. now owns 3,396 shares of the CRM provider’s stock worth $780,000 after purchasing an additional 50 shares during the period. HBW Advisory Services LLC raised its position in 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 purchasing an additional 57 shares during the period. Paragon Capital Management Inc. raised its position in Salesforce by 1.0% in the 3rd quarter. Paragon Capital Management Inc. now owns 5,714 shares of the CRM provider’s stock worth $1,312,000 after purchasing an additional 57 shares during the period. Finally, Onyx Bridge Wealth Group LLC boosted its position in Salesforce by 3.6% during the third quarter. Onyx Bridge Wealth Group LLC now owns 1,632 shares of the CRM provider’s stock valued at $375,000 after buying an additional 57 shares during the period. 80.43% of the stock is owned by hedge funds and other institutional investors.
Salesforce Stock Performance
Shares of NYSE:CRM opened at $242.77 on Tuesday. The company has a market cap of $199.80 billion, a price-to-earnings ratio of 22.13, a price-to-earnings-growth ratio of 1.09 and a beta of 1.26. The company has a 50-day moving average price of $232.38 and a 200-day moving average price of $195.29. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.02. Salesforce Inc. has a 12 month low of $146.32 and a 12 month high of $269.11.
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