SFE Investment Counsel acquired a new position in shares of Salesforce Inc. (NYSE:CRM – Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 13,353 shares of the CRM provider’s stock, valued at approximately $2,092,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of CRM. Vanguard Group Inc. grew its position in Salesforce by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 89,843,166 shares of the CRM provider’s stock worth $23,800,353,000 after acquiring an additional 270,913 shares in the last quarter. State Street Corp raised its position in Salesforce by 1.3% during the fourth quarter. State Street Corp now owns 50,080,230 shares of the CRM provider’s stock valued at $13,286,909,000 after purchasing an additional 659,573 shares during the period. J. Stern & Co. LLP raised its position in Salesforce by 24,056.7% during the fourth quarter. J. Stern & Co. LLP now owns 47,385,511 shares of the CRM provider’s stock valued at $12,552,896,000 after purchasing an additional 47,189,352 shares during the period. Capital International Investors lifted its stake in shares of Salesforce by 13.3% in the 4th quarter. Capital International Investors now owns 22,721,010 shares of the CRM provider’s stock valued at $6,019,199,000 after purchasing an additional 2,669,891 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Salesforce by 3.8% in the 4th quarter. Geode Capital Management LLC now owns 21,782,556 shares of the CRM provider’s stock valued at $5,751,073,000 after purchasing an additional 791,345 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors.
Salesforce Price Performance
Shares of CRM stock opened at $195.86 on Friday. Salesforce Inc. has a 52-week low of $146.32 and a 52-week high of $269.11. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market capitalization of $160.41 billion, a P/E ratio of 22.67, a P/E/G ratio of 1.06 and a beta of 1.16. The stock has a 50 day moving average price of $171.41 and a 200 day moving average price of $182.28.
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