PCM Encore Buys Into Salesforce with $934,000 Stake

PCM Encore LLC made its first purchase of shares in Salesforce Inc. (NYSE:CRM) during the second quarter, according to recent filings with the Securities & Exchange Commission.

The company acquired approximately $934,000 worth of CRM stock, purchasing 5,964 shares. This adds to a growing trend among institutional investors and hedge funds increasing their stakes in Salesforce.

Other notable investors have also made significant purchases or increases in their positions, including Brighton Jones LLC, which lifted its stake by 13.7% during the fourth quarter, and United Bank, which raised its position by 5.2% in the same period.