Potential Activist Funds Line Up to Take a Salesforce Stake
- Corvex, Jana, Sachem Head all named company in latest filings
- Salesforce shares are trading close to their all-time high
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As Salesforce.com Inc. made headlines late last year for considering a Twitter Inc. bid and signaling plans to hit $20 billion in sales, it was also attracting the attention of some new -- and potentially agitated -- investors.
Three hedge funds, who are sometimes activists, took stakes in Salesforce in the three months ended Dec. 31, according to regulatory filings Tuesday. Keith Meister’s Corvex Management amassed 3.45 million shares, Barry Rosenstein’s Jana Partners acquired 3.17 million, and Scott Ferguson’s Sachem Head Capital Management bought 2.13 million.