Institutional Support for Salesforce NYSE Sees Positive Growth in Third Quarter

November 13, 2024 06:36 PM PST | By Team Kalkine Media

Google News:

Institutional Support for Salesforce NYSE Sees Positive Growth in Third Quarter — Image source: Shutterstock

Recent News

Debt Use in Steel Sector and Its Influence on Metals & Mining

Duolingo Inc Sees Gains Amid Mixed ROE Trends S&P 500

DigitalOcean DOCN Drops Despite AI Growth Boost in NYSE Composite Sect...

Rivian Stock Key Metrics to Track Amid EV Credit Changes Nasdaq Compos...

Headlines

Oppenheimer & Co. Inc. expands holdings in Salesforce, showing sustained interest from institutional investors.

Additional institutional investors enhance positions in Salesforce, reflecting continued confidence in CRM solutions.

Salesforce garners increased institutional support as third-quarter investments grow.

Oppenheimer & Co. Inc. recently expanded its investment in Salesforce, Inc. (NYSE:CRM) by 3.6% in the third quarter, according to the company's latest SEC filing. With this addition, Oppenheimer now holds over 43,000 shares of the customer relationship management (CRM) giant. This move highlights growing institutional interest in Salesforce, with additional investors making adjustments to their positions in the company.

Other institutional players, including Saturna Capital Corp, also increased their stakes in Salesforce. Saturna Capital's holdings rose by 3.1%, as it added to its shares during the quarter. Pinnacle Financial Partners Inc. joined this trend, boosting its investment slightly, maintaining a sizable position in Salesforce. These consistent additions from various funds indicate ongoing confidence in Salesforce's role as a leader in CRM technology.

Simmons Bank also raised its position in Salesforce in the third quarter, joining a range of investors strengthening their ties with the company. Souders Financial Advisors increased its stake by 9.2%, while Haverford Trust Co made a notable expansion, significantly growing its Salesforce holdings during the quarter. These investments underscore Salesforce's position as a preferred CRM provider among institutional investors.

With hedge funds and institutional entities now owning over 80% of Salesforce's shares, the company continues to attract substantial interest from the investment community. This level of institutional support reinforces Salesforce's status as a leading force in CRM solutions, a sector witnessing steady demand as organizations prioritize digital transformation and customer engagement tools.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media LLC (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.