Stocks
Salesforce Sees Increased Institutional Support Amid Reduced Stake
Benjamin Edwards Inc. has reduced its stake in Salesforce by 27.1% during the second quarter, selling 25,147 shares of the CRM provider's stock, according to its most recent filing with the Securities and Exchange Commission.
The institutional investor owned 67,700 shares of Salesforce after the sale, which were worth $10,606,000 at the end of the period. This move comes as other large investors have increased their positions in the company.
J. Stern & Co. LLP bought a new stake valued at approximately $12,552,896,000 and Norges Bank purchased a new position worth around $3,182,951,000 during the fourth quarter.