Weitz Investment Management Acquires New Stake in Salesforce

Weitz Investment Management Inc., a financial institution, has acquired a new stake in Salesforce Inc. (NYSE:CRM) worth approximately $7,723,000 through its recent Form 13F filing with the SEC.

The company purchased 49,300 shares of CRM's stock during the second quarter, which marks its first entry into the market as an investor.

This move is part of a broader trend where institutional investors are increasingly showing interest in Salesforce, with many adding to their existing stakes or acquiring new ones.