Ballast Inc. Boosts Holdings in Salesforce by Over 50%

Ballast Inc., a financial institution, has increased its stake in Salesforce Inc. (NYSE:CRM) by a significant margin. According to recent filings with the Securities & Exchange Commission, Ballast Inc. now owns 9,737 shares of CRM stock, valued at approximately $1.525 million.

This boost represents a 54% increase in Ballast's holdings compared to the previous quarter. Other institutional investors have also made notable changes to their positions in Salesforce during this period.

UBS raised its price target for CRM from $185 to $210, while maintaining a neutral rating. This revision suggests that analysts see potential upside from current levels despite some caution.