Hedge Fund Buys Over 400,000 Shares of Salesforce Stock
Northwestern Mutual Wealth Management Co. acquired approximately 421,279 shares of Salesforce Inc.'s stock in the second quarter, valued at around $65,998,000.
This new stake brings Northwestern Mutual Wealth Management Co.'s ownership percentage to about 0.05% of Salesforce's total outstanding shares.
The acquisition is part of a larger trend, as several other hedge funds have also made significant changes to their positions in Salesforce during the quarter.