AlphaGrep Buys Salesforce Stake Amid Institutional Investor Interest

AlphaGrep UK Ltd recently purchased 2,731 shares of Salesforce Inc. (NYSE:CRM) in its second-quarter investment in the CRM provider. The purchase was revealed through AlphaGrep's most recent Form 13F filing with the Securities and Exchange Commission.

The acquisition is worth approximately $428,000, based on the current market value of Salesforce stock. This new stake marks one of several significant investments made by institutional investors in Salesforce during the fourth quarter.

Commonwealth Retirement Investments LLC bought a new position in Salesforce shares valued at $25,000 in the same period. Gilpin Wealth Management LLC also acquired a new stake worth $26,000, while Birchwood Financial Partners Inc. and Swiss RE Ltd. each purchased positions worth about $28,000.

Meanwhile, Dogwood Wealth Management LLC increased its existing stake in Salesforce shares by 285.7% during the fourth quarter, with the company now owning a total of 108 shares valued at $29,000.