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Financial Counselors Inc. purchases Salesforce, Inc. (NYSE:CRM) stock.

Financial Counselors Inc. purchases Salesforce, Inc. (NYSE:CRM) stock.

According to the most recent filing that Financial Counselors Inc. submitted to the Securities and Exchange Commission, the company increased its stake in Salesforce, Inc. (NYSE: CRM) during the third quarter of this year. Following the conclusion of the contractual obligation, the organization acquired an additional 38,767 shares of the CRM provider’s stock, bringing the total number of shares it owned in the company to 141,290. The most recent disclosure that Financial Counselors Inc. made with the SEC indicated that the value of the company’s holdings in Salesforce was $20,323,000 at the time of the disclosure.

Recently, there has been increased participation in the market from a variety of additional hedge funds and institutional investors who have been buying and selling company stock shares. During the second quarter, Oak Harvest Investment Services achieved a 1.1% increase in the proportion of Salesforce shares it owned. Oak Harvest Investment Services has increased its holdings in the CRM provider’s stock by purchasing an additional 339 shares since the beginning of the most recent quarter. This brings their total holdings to 32,360 shares of the company’s stock, which has a value of $5,341,000. During the second quarter, Legacy Wealth Asset Management LLC increased the number of Salesforce shares it owned by 40.3%, bringing the total number of shares it owned to 1. After purchasing an additional 685 shares during the most recent quarter, Legacy Wealth Asset Management LLC now owns 2,383 shares of the CRM provider’s stock. Legacy Wealth Asset Management LLC’s holdings in the company’s stock market value are $393,000. In the second quarter, Verition Fund Management LLC increased 1,014.8% in the percentage of Salesforce shares it owned. Verition Fund Management LLC now has 32,386 of the company’s shares, corresponding to a market capitalization of $5,345,000. This is because, during the most recent quarter, the company purchased 29,481 shares.

During the second quarter, HB Wealth Management LLC increased the number of Salesforce shares it held by 41.2 percent. Because of the purchase of an additional 2,847 shares during the preceding quarter, HB Wealth Management LLC now has a total of 9,760 shares of the CRM provider’s stock. The stock has a current value of $1,611,000, and HB Wealth Management LLC’s holdings are worth a total of this amount. Archford Capital Strategies LLC increased its stake in Salesforce in the third quarter by 6.6%. This investment update comes in at the very end but is certainly not the least. Archford Capital Strategies LLC now holds 4,736 shares of the CRM provider’s stock, which has a market value of $681,000 due to purchasing an additional 295 shares during the most recent fiscal quarter. At present, hedge funds and other institutional investors hold a combined ownership stake in the company equivalent to 75.83 percent of its total shares.

The compilation of available materials in stock includes reports from several research analysts who have each contributed their report. Cowen stated that they would be lowering their price estimate for Salesforce shares from $195.00 to $175.00 in a research report published on January 5. The report was published on January 5. The Royal Bank of Canada stated its intention to reduce its price estimate for Salesforce shares from $235.00 to $200.00 in a research report published on the 1st of December. UBS Group decreased their price target on Salesforce shares from $180.00 to $162.00 and assigned the stock a “neutral” rating in a research report dated Thursday, December 1st. In a research note published on Tuesday, November 29th, KeyCorp lowered its price target on shares of Salesforce from $210.00 to $200.00. The previous price target was set at $210.00. The company recommends an “overweight” position on the stock, even though this change was made. Stifel Nicolaus lowered its price objective on shares of Salesforce from $200,000 to $185,000 in a research note published on Monday, November 28th. This change reflects a weaker expectation for the stock’s price moving forward. Twenty-seven different financial experts have rated the stock as a buy, with one recommending a strong buy, nine giving it a hold rating, and one giving it a sell rating. One of the experts has also given the stock a strong buy recommendation. According to the data provided by Bloomberg, the stock of Salesforce has been given an average recommendation of “Moderate Buy,” and the price objective for the company is listed at $191.23.

In other news, on Monday, October 24,

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