Ameriprise Financial Inc. increased its position in shares of SAP SE (NYSE:SAP) by 21.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 114,080 shares of the company’s stock after buying an additional 20,368 shares during the period. Ameriprise Financial Inc.’s holdings in SAP SE were worth $8,525,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Emerald Acquisition Ltd. acquired a new position in SAP SE during the second quarter valued at $71,262,000. Orbis Allan Gray Ltd acquired a new position in SAP SE during the first quarter valued at $14,844,000. Renaissance Technologies LLC acquired a new position in SAP SE during the first quarter valued at $13,663,000. Bank of Montreal Can acquired a new position in SAP SE during the second quarter valued at $5,815,000. Finally, Fisher Asset Management LLC boosted its position in SAP SE by 1.2% in the second quarter. Fisher Asset Management LLC now owns 6,163,293 shares of the company’s stock valued at $480,860,000 after buying an additional 72,681 shares in the last quarter. Institutional investors and hedge funds own 3.51% of the company’s stock.
SAP SE (NYSE:SAP) traded up 0.39% during midday trading on Wednesday, hitting $90.92. The company had a trading volume of 251,920 shares. The company has a 50 day moving average price of $89.09 and a 200 day moving average price of $82.21. The firm has a market capitalization of $108.94 billion, a P/E ratio of 27.22 and a beta of 1.43. SAP SE has a 1-year low of $66.67 and a 1-year high of $92.76.
SAP SE (NYSE:SAP) last announced its quarterly earnings results on Wednesday, July 20th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.13. SAP SE had a return on equity of 16.92% and a net margin of 16.76%. Equities research analysts forecast that SAP SE will post $4.37 earnings per share for the current fiscal year.
Several research analysts have recently weighed in on the company. RBC Capital Markets restated a “hold” rating and issued a $95.00 price target on shares of SAP SE in a research note on Friday, September 30th. Royal Bank Of Canada lifted their price objective on SAP SE to $95.00 and gave the stock a “sector perform” rating in a report on Friday, September 30th. Deutsche Bank AG reaffirmed a “buy” rating on shares of SAP SE in a report on Tuesday, September 27th. DZ Bank AG reaffirmed a “buy” rating on shares of SAP SE in a report on Wednesday, September 14th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $105.00 price objective on shares of SAP SE in a report on Tuesday, August 30th. Nine research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $84.42.
SAP SE Company Profile
SAP SE (SAP), formerly SAP AG, is engaged in business application and analytics software. The Company is also engaged in digital commerce and is an enterprise cloud company. Its segments include Applications, Technology & Services segment, which is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (mainly support services and various professional services and premium support services, as well as implementation services of its software products and education services on the use of its products), and SAP Business Network Segment, which includes a network of networks, which covers sourcing, procurement, and travel and expenses.
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