Hapoalim Bank Scoops Up Salesforce Stake Worth $2.3 Million

Bank Hapoalim BM has recently acquired a new stake in Salesforce Inc. (NYSE:CRM) worth approximately $2,309,000, according to its most recent Form 13F filing with the Securities and Exchange Commission.

The acquisition of 14,741 shares marks Bank Hapoalim's entry into the CRM provider's stock portfolio. This move comes as other hedge funds have also been buying or increasing their stakes in Salesforce, including Fred Alger Management LLC, Richards Merrill & Peterson Inc., Mowery & Schoenfeld Wealth Management LLC, Synergy Financial Group LTD, and Arbor Capital Management Inc. ADV.

Meanwhile, analysts remain bullish on Salesforce's prospects, with JPMorgan resuming coverage with an Overweight rating and a $250 price target, citing potential acceleration in the company's core business during the second half of the year.