Bank of Montreal Can reduced its stake in shares of SAP SE (NYSE:SAP) by 51.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 29,659 shares of the software maker’s stock after selling 31,586 shares during the period. Bank of Montreal Can’s holdings in SAP were worth $3,333,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in SAP. Harding Loevner LP grew its stake in shares of SAP by 4,590.3% in the third quarter. Harding Loevner LP now owns 267,928,144 shares of the software maker’s stock valued at $402,798,000 after buying an additional 262,215,799 shares in the last quarter. FMR LLC grew its stake in shares of SAP by 6,475.0% in the second quarter. FMR LLC now owns 396,409 shares of the software maker’s stock valued at $41,493,000 after buying an additional 390,380 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of SAP in the third quarter valued at $33,601,000. Fisher Asset Management LLC grew its stake in shares of SAP by 2.1% in the third quarter. Fisher Asset Management LLC now owns 6,599,155 shares of the software maker’s stock valued at $723,597,000 after buying an additional 136,874 shares in the last quarter. Finally, Crossmark Global Holdings Inc. bought a new position in shares of SAP in the third quarter valued at $11,449,000. Hedge funds and other institutional investors own 3.65% of the company’s stock.
SAP has been the subject of several analyst reports. Zacks Investment Research cut shares of SAP from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. BMO Capital Markets assumed coverage on shares of SAP in a research report on Friday, October 20th. They set a “market perform” rating and a $115.00 price objective for the company. They noted that the move was a valuation call. Morgan Stanley cut shares of SAP from an “overweight” rating to an “equal weight” rating in a research report on Thursday, January 11th. Cowen cut shares of SAP from an “outperform” rating to a “market weight” rating in a research report on Friday, January 12th. Finally, Desjardins raised shares of SAP to a “buy” rating and set a $49.00 price objective for the company in a research report on Thursday, December 28th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $104.67.
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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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