CRM
Not exactly subtle
Fisher Funds Management LTD went shopping in Salesforce land, boosting its CRM stake by 18.3% and ending up with 282,465 shares worth about $74.93 million. That makes Salesforce the fund’s 13th-largest holding, which is a pretty solid way of saying, “yeah, we still like this one.”
Why you should care
Fund flows aren’t magic, but they can be a useful temperature check. When a money manager adds to a name like Salesforce, it often signals the stock still has room to run — or at least that the downside looks less scary than the headline chatter suggests.
And Salesforce is not exactly coming in cold:
- It just beat Q4 estimates with EPS of $3.81 on $11.20 billion in revenue
- The company raised its quarterly dividend to $0.44
- The board also approved a $25 billion buyback plan
The bigger picture
This is one of those stories where the fund move matters less in isolation and more as part of the ongoing CRM glow-up. After a strong earnings print and friendlier capital-return moves, Salesforce is giving investors a lot of reasons to stay parked.
Big picture: Fisher Funds didn’t just nibble here — it leaned in. And in market-speak, that’s usually a pretty loud whisper.