Ohio Pension Fund Buys Salesforce Shares Amid Earnings Beat

The Public Employees Retirement System of Ohio has purchased 313,053 shares of Salesforce Inc. (NYSE:CRM), valued at approximately $49,043,000.

This is according to the company's most recent Form 13F filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in CRM, including Brighton Jones LLC, Revolve Wealth Partners LLC, and Bison Wealth LLC, who grew their holdings by 13.7%, 12.6%, and 9% respectively during the fourth quarter.

Salesforce's revenue for the second quarter rose 10.8% year over year to $11.35 billion, slightly exceeding expectations, while adjusted earnings per share of $5.90 beat the consensus estimate of $3.27.