Harding Loevner LP boosted its stake in shares of SAP SE (NYSE:SAP) by 4.0% during the third quarter, Holdings Channel reports. The institutional investor owned 5,104,602 shares of the company’s stock after buying an additional 196,527 shares during the period. SAP SE accounts for about 3.4% of Harding Loevner LP’s investment portfolio, making the stock its 5th largest position. Harding Loevner LP’s holdings in SAP SE were worth $466,612,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the stock. Howe & Rusling Inc. increased its stake in SAP SE by 0.5% in the second quarter. Howe & Rusling Inc. now owns 1,544 shares of the company’s stock valued at $116,000 after buying an additional 7 shares in the last quarter. Societe Generale purchased a new stake in SAP SE during the second quarter valued at about $141,000. NEXT Financial Group Inc increased its stake in SAP SE by 1.3% in the second quarter. NEXT Financial Group Inc now owns 1,980 shares of the company’s stock valued at $148,000 after buying an additional 25 shares in the last quarter. Bessemer Group Inc. increased its stake in SAP SE by 112.3% in the first quarter. Bessemer Group Inc. now owns 2,312 shares of the company’s stock valued at $186,000 after buying an additional 1,223 shares in the last quarter. Finally, Paloma Partners Management Co purchased a new stake in SAP SE during the second quarter valued at about $210,000. Hedge funds and other institutional investors own 3.51% of the company’s stock.
Shares of SAP SE (NYSE:SAP) traded down 1.02% during mid-day trading on Tuesday, hitting $89.17. The company had a trading volume of 260,082 shares. The stock’s 50-day moving average is $89.36 and its 200-day moving average is $82.53. SAP SE has a 52-week low of $68.45 and a 52-week high of $92.76. The stock has a market cap of $106.84 billion, a price-to-earnings ratio of 26.88 and a beta of 1.43.
SAP SE (NYSE:SAP) last issued its earnings results on Wednesday, July 20th. The company reported $0.90 earnings per share for the quarter, beating the Zacks’ 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 analysts forecast that SAP SE will post $4.37 earnings per share for the current year.
SAP has been the topic of several research analyst reports. DZ Bank AG reiterated a “buy” rating on shares of SAP SE in a report on Wednesday, July 20th. Morgan Stanley reiterated a “buy” rating on shares of SAP SE in a report on Monday, July 18th. Berenberg Bank reiterated a “buy” rating on shares of SAP SE in a report on Tuesday, July 5th. Oppenheimer Holdings Inc. restated a “buy” rating on shares of SAP SE in a report on Thursday, June 30th. Finally, Credit Suisse Group AG restated a “buy” rating and set a $90.00 price target (up previously from $85.00) on shares of SAP SE in a report on Wednesday, June 29th. Nine investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $84.42.
About SAP SE
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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