Metzler seel. Sohn & Co. AG Takes Stakes in Salesforce Amid Earnings Expectations

B. Metzler seel. Sohn & Co. AG has taken a new position in shares of Salesforce Inc., acquiring 101,305 shares valued at approximately $15,870,000.

The move comes as several other large investors have also recently added to or reduced their stakes in the company, with Vanguard Group Inc. boosting its stake by 0.3% in the fourth quarter and BlackRock Inc. buying a new stake worth $11,396,844,000.

State Street Corp has also increased its stake in Salesforce by 1.3%, while J. Stern & Co. LLP lifted its position by 24,056.7% during the fourth quarter.

The company's stock opened at $205.61 on Friday and has a market cap of $168.39 billion, with an average rating of 'Moderate Buy' from analysts and an average price target of $249.87.