Arizona State Retirement System Sells Stake in Salesforce Amid Shifts in Institutional Ownership

A recent 13F filing from the Arizona State Retirement System revealed that it reduced its stake in Salesforce Inc. (NYSE:CRM) by selling 35,403 shares during the second quarter.

This sale brought the fund's ownership of Salesforce to 221,319 shares, valued at $34,672,000 as of its most recent filing with the Securities and Exchange Commission.

The Arizona State Retirement System is not the only institutional investor making moves in Salesforce. Other investors have also increased or decreased their stakes in the company.

California State Teachers Retirement System boosted its position in Salesforce by 13,260.5% in the second quarter, owning 188,085,056 shares valued at $29,465,405,000.