Institutional Investors Pile into Salesforce with New Positions

Alta Advisers Ltd has purchased a new stake in Salesforce Inc. (NYSE:CRM), according to its most recent Form 13F filing with the SEC.

The institutional investor bought 3,670 shares of CRM's stock, valued at approximately $575,000 during the 2nd quarter.

This is not an isolated incident, as several other hedge funds have also recently bought and sold shares of CRM. For instance, BlackRock Inc. acquired a new position in Salesforce in the 2nd quarter worth $11,396,844,000, while J. Stern & Co. LLP boosted its position by 24,056.7% in the fourth quarter.

The significant interest from institutional investors is evident, as 80.43% of CRM's stock is currently owned by them.