Institutional Investor Buys into Salesforce with $6.3 Million Stake

EFG International AG has acquired a new stake in Salesforce Inc., purchasing 40,021 shares of CRM provider stock valued at approximately $6.27 million.

The institutional investor's acquisition is just one of several recent moves by hedge funds and other institutional investors to buy or increase their stakes in the company.

Salesforce has seen its stock price fluctuate this year, with a 12-month high of $269.11 and a 12-month low of $146.32.