Tocqueville Asset Management L.P. Invests Heavily in Salesforce Inc.

Tocqueville Asset Management L.P., a hedge fund, recently invested $5.90 million in Salesforce Inc. (NYSE:CRM) by purchasing 37,643 shares of its stock.

This move is part of a broader trend where institutional investors are increasing their stakes in CRM providers like Salesforce. For example, Vanguard Group Inc. boosted its holdings in CRM by 0.3% in the 4th quarter and now owns approximately $23.8 billion worth of shares.

The investment community remains bullish on Salesforce, with a consensus rating of 'Moderate Buy' and an average price target of $249.49. Analysts expect Salesforce to post earnings per share (EPS) of $10.27 for the current year.