Salesforce Wins Over Wall Street. That Might Turn the Table on Activist Investors.


has attracted a raft of activists in recent months. But analyst says those would-be strategic reformers could be silenced after upbeat Wednesday results from the enterprise software company.

Salesforce (ticker:CRM) had at least five activist investors on its shareholder register as of early last month including Elliott Investment Management and Dan Loeb’s Third Point. It was one of the most popular targets in a wave of activism in tech companies as their values plunged over the last year.