Trillium Asset Management Snaps Up Salesforce Stock Worth $427,000
Trillium Asset Management LLC acquired a new stake in Salesforce Inc. (NYSE:CRM) shares worth approximately $427,000 in the second quarter. The institutional investor bought 2,723 shares of CRM stock.
This is not the only recent investment in Salesforce by Trillium Asset Management. In fact, several other institutional investors have also acquired new stakes in the company's shares during the same period.
Commonwealth Retirement Investments LLC and Gilpin Wealth Management LLC bought new stakes worth $25,000 and $26,000 respectively, while Persistent Asset Partners Ltd purchased a new stake valued at $27,000. Costello Asset Management INC increased its position by 410.3% during the first quarter, buying an additional 119 shares.
Institutional investors own approximately 80.43% of Salesforce's stock. The company has announced several positive developments recently, including a record-breaking quarterly share repurchase program worth $27 billion. Analysts are also optimistic about the company's growth prospects, with some predicting a potential upside from its upcoming earnings results.