Institutional Investors Flock to Salesforce as Stock Surges

Salesforce Inc.'s stock has been attracting attention from various institutional investors and hedge funds. According to its most recent disclosure with the SEC, Segall Bryant & Hamill LLC bought a new stake in Salesforce Inc. (NYSE:CRM) in the 1st quarter, purchasing 9,822 shares valued at approximately $1,907,000.

This is not an isolated case; other hedge funds have also made changes to their positions in CRM. Verus Capital Partners LLC lifted its holdings in Salesforce by 45.4% during the 1st quarter, now owning 2,154 shares of the company's stock worth $402,000. GKV Capital Management Co. Inc. grew its stake in shares of Salesforce by 9.6% in the first quarter, owning 13,174 shares valued at $2,459,000.

Other significant investors include Essential Partners LLC, which increased its position in shares of Salesforce by 222.5% during the first quarter, and FinArc Investments Inc., which purchased a new stake in shares of Salesforce worth $773,000.