Quintet Private Bank Europe S.A. Reduces Position in Salesforce Inc. $CRM

robot
Abstract generation in progress

Quintet Private Bank Europe S.A. significantly reduced its stake in Salesforce Inc. (NYSE:CRM) by 54.7% in the fourth quarter, now holding 5,672 shares valued at $1,503,000. Despite this reduction by one institutional investor, other hedge funds increased their positions, and analysts maintain a “Moderate Buy” rating with an average price target of $280.21. Salesforce also announced a $25 billion share repurchase plan and increased its quarterly dividend to $0.44 per share, indicating management’s confidence in the company’s valuation.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin