Lyell Wealth Management LP Lowers Stock Holdings in Salesforce Inc. $CRM

Lyell Wealth Management LP decreased its stake in Salesforce Inc. by 9.1% during the third quarter, selling 5,893 shares to hold 58,915 shares valued at approximately $13.96 million. Despite this reduction, other institutional investors like Norges Bank, Laurel Wealth Advisors, Acadian Asset Management, Amundi, and Schroder Investment Management Group significantly increased their holdings, bringing total institutional ownership to 80.43%. Salesforce reported strong Q3 earnings, beating EPS estimates, and announced a quarterly dividend, while also experiencing notable insider transactions with one insider selling shares and another director purchasing a substantial amount.

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