Institutional Investors Pile into Salesforce Amid Positive Earnings Sentiment
Heartland Bank & Trust Co has invested in Salesforce Inc. (NYSE:CRM) by purchasing 5,725 shares valued at approximately $897,000 according to its most recent Form 13F filing with the Securities and Exchange Commission.
This is not an isolated instance as several other hedge funds and institutional investors have also acquired stakes in Salesforce during the second quarter.
BlackRock Inc. purchased a new position in Salesforce valued at about $11,396,844,000, while J. Stern & Co. LLP increased its stake by 24,056.7% during the fourth quarter, owning 47,385,511 shares worth $12,552,896,000.
Other notable investors include Norges Bank and Arrowstreet Capital Limited Partnership, which have also acquired stakes in Salesforce during the same period.