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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InIn a move reflecting growing confidence in cloud software giants, Blue Capital Inc. initiated a new investment position in Salesforce by acquiring 3,544 shares valued at approximately $662,000 during the first quarter. This entry occurs as institutional investors maintain a dominant 80.43% ownership of the company, supported by a 'Moderate Buy' analyst consensus. Salesforce has further bolstered investor appeal by announcing a massive $25 billion share buyback program and a quarterly cash dividend of $0.44 per share.
These institutional inflows come as major software peers like Microsoft and Oracle face intense market share competition, with Salesforce maintaining steady revenue growth per market data. Compared to previous quarters, the company's financial results have demonstrated high margin resilience, prompting several funds to expand their holdings. The current $25 billion buyback strategy is among the largest in the tech sector, aimed at supporting earnings per share and reducing market float.
Regarding price action, CRM stock stood at $166.11 (close July 02, 2026), having reached an intraday high of $167.21. Traders are currently monitoring support levels near $162, which were recently tested. Looking ahead at the economic calendar, investors are awaiting the Chinese Manufacturing PMI release on June 30, 2026, which could impact global tech sentiment and enterprise software demand forecasts.