5 Best Value Stocks to Buy Now According to Vinit Bodas’ Deccan Value Investors

2. salesforce.com, inc. (NYSE:CRM)

Deccan Value Investors Stake Value: $372,439,000
Percentage of Deccan Value Investors’ 13F Portfolio: 14.73%
Number of Hedge Fund Holders: 119

salesforce.com, inc. (NYSE:CRM) is a cloud computing startup that sells customer relationship management (CRM) software to organizations. In the third quarter, Vinit Bodas decreased his stake in salesforce.com, inc. (NYSE:CRM) by 3%, and his 14.73% stake in the company is now worth about $372.44 million.

As per Insider Monkey’s Q3 data, 119 hedge funds tracked by Insider Monkey held stakes in salesforce.com, inc. (NYSE:CRM), up from 108 in the preceding quarter. The consolidated value of these stakes is over $14.90 billion, up from $11.77 billion in Q2.

In its third-quarter 2021 investor letter, ClearBridge Investments mentioned salesforce.com, inc. (NYSE:CRM). Here is what the fund said:

“On an individual stock basis, leading contributors to absolute returns in the third quarter included positions in Salesforce.com. Meanwhile, with a new CFO focused on delivering consistent growth and expanding margins, Salesforce could soon surpass SAP as the world’s largest enterprise applications provider with an all-subscription-based model. The recent acquisition of Slack should better connect the company’s products and services with its users as the messaging platform becomes more dynamic and interactive.”