Amova Asset Management Americas Inc. Lowers Stock Position in Salesforce Inc. $CRM

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Amova Asset Management Americas Inc. reduced its stake in Salesforce Inc. by 17.6% during the third quarter, selling 16,630 shares and owning a total of 77,801 shares valued at $18.436 million. Despite this, other hedge funds increased their positions in Salesforce, and the company recently declared an increased quarterly dividend of $0.44 per share. Salesforce also reported strong Q4 earnings, surpassing analyst estimates, and analysts generally maintain a “Moderate Buy” rating with an average price target of $283.14.

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