MASTERINVEST Buys Into Strong Salesforce Quarter
MASTERINVEST Kapitalanlage GmbH has acquired new shares in Salesforce Inc. (NYSE:CRM) during the second quarter, according to the company's most recent 13F filing with the Securities & Exchange Commission.
The institutional investor bought 30,866 shares of CRM stock, valued at approximately $4,835,000.
This move is part of a larger trend in which several large investors have been adding new positions in Salesforce. Other notable additions include Commonwealth Retirement Investments LLC and Manning & Napier Advisors LLC, who both purchased new stakes in the company during the fourth quarter and second quarter, respectively.
Salesforce's recent performance has been strong, with adjusted EPS of $5.90 beating analyst estimates by $2.63 and revenue rising 10.8% year over year to $11.35 billion.