Macquarie Group Ltd. reduced its position in SAP SE (NYSE:SAP) by 0.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 918,100 shares of the software maker’s stock after selling 2,854 shares during the period. Macquarie Group Ltd. owned 0.07% of SAP worth $100,670,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in SAP. Dimensional Fund Advisors LP raised its stake in SAP by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 111,506 shares of the software maker’s stock valued at $10,947,000 after acquiring an additional 1,146 shares during the period. State Street Corp grew its holdings in SAP by 2.6% during the 1st quarter. State Street Corp now owns 200,172 shares of the software maker’s stock valued at $19,651,000 after buying an additional 5,063 shares in the last quarter. Creative Planning grew its holdings in SAP by 20.2% during the 2nd quarter. Creative Planning now owns 8,234 shares of the software maker’s stock valued at $862,000 after buying an additional 1,381 shares in the last quarter. Chevy Chase Trust Holdings Inc. grew its holdings in SAP by 0.8% during the 2nd quarter. Chevy Chase Trust Holdings Inc. now owns 34,030 shares of the software maker’s stock valued at $3,562,000 after buying an additional 270 shares in the last quarter. Finally, Westwood Management Corp IL grew its holdings in SAP by 1.8% during the 2nd quarter. Westwood Management Corp IL now owns 203,300 shares of the software maker’s stock valued at $21,279,000 after buying an additional 3,600 shares in the last quarter. Institutional investors and hedge funds own 24.99% of the company’s stock.
Shares of SAP SE (NYSE SAP) traded down $1.57 during midday trading on Friday, hitting $111.78. The stock had a trading volume of 660,770 shares, compared to its average volume of 510,372. SAP SE has a 52 week low of $81.30 and a 52 week high of $116.90. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $137,377.63, a price-to-earnings ratio of 31.14, a price-to-earnings-growth ratio of 3.23 and a beta of 1.14.
A number of research firms have weighed in on SAP. Oppenheimer reaffirmed a “buy” rating and set a $120.00 target price on shares of SAP in a report on Tuesday, November 14th. Argus lifted their target price on SAP from $118.00 to $130.00 and gave the company a “buy” rating in a report on Monday, October 23rd. Zacks Investment Research raised SAP from a “hold” rating to a “buy” rating and set a $127.00 target price for the company in a report on Monday, October 23rd. BMO Capital Markets began coverage on SAP in a report on Friday, October 20th. They set a “market perform” rating and a $115.00 target price for the company. They noted that the move was a valuation call. Finally, DZ Bank reaffirmed a “buy” rating on shares of SAP in a report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $106.91.
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SAP Company Profile
SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).
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