Bridgewater Advisors Takes Stake in Salesforce

Bridgewater Advisors Inc., a financial firm, has acquired a new stake in Salesforce Inc.'s shares. The company purchased 5,920 shares of Salesforce's stock during the second quarter, valued at approximately $1,101,000.

This is not an isolated instance of institutional investors taking interest in Salesforce. Several other firms have also increased their stakes in the CRM provider recently.

Temasek Holdings Private Ltd grew its stake in Salesforce by 3.7% during the fourth quarter, purchasing an additional 24,332 shares worth $181,143,000.

JPMorgan resumed coverage with an Overweight rating and a $250 price target for Salesforce, citing potential acceleration in the company's core business during the second half of the year.