Anchor Investment Management Doubles Down on Salesforce with 184.5% Increase

Anchors Investment Management LLC increased its holdings in Salesforce Inc.'s (NYSE:CRM) shares by 184.5% during Q2, according to a recent SEC disclosure. The fund now owns 17,983 shares of the CRM provider's stock after purchasing an additional 11,663 shares during the quarter. This brings Anchor Investment Management LLC's total holdings in Salesforce to $2,817,000 at the end of the most recent reporting period.

Other hedge funds have also been actively trading in Salesforce shares. State Street Corp boosted its holdings by 1.3% in Q4, now owning 50,080,230 shares valued at $13,286,909,000. BlackRock Inc. acquired a new stake in the company during Q2 worth approximately $11,396,844,000.

Salesforce's stock price has been affected by various analyst opinions and news stories. Analysts have set a consensus price target of $267.12 for the company, with some predicting significant growth opportunities due to its AI distribution advantage. However, others caution that Salesforce may struggle to restart organic growth and justify a higher valuation.