Bank of Montreal Can purchased a new stake in shares of SAP SE (NYSE:SAP) during the second quarter, according to its most recent disclosure with the SEC. The fund purchased 77,491 shares of the company’s stock, valued at approximately $5,815,000.
Several other institutional investors have also recently made changes to their positions in SAP. Royal Bank of Canada raised its position in shares of SAP SE by 1.6% in the first quarter. Royal Bank of Canada now owns 556,270 shares of the company’s stock valued at $44,735,000 after buying an additional 8,906 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in shares of SAP SE by 132.4% in the first quarter. UBS Asset Management Americas Inc. now owns 88,012 shares of the company’s stock valued at $7,078,000 after buying an additional 50,133 shares in the last quarter. Glovista Investments LLC purchased a new position in shares of SAP SE during the first quarter valued at approximately $447,000. Envestnet Asset Management Inc. raised its position in shares of SAP SE by 6.2% in the first quarter. Envestnet Asset Management Inc. now owns 296,485 shares of the company’s stock valued at $23,843,000 after buying an additional 17,193 shares in the last quarter. Finally, CIBC World Markets Inc. purchased a new position in shares of SAP SE during the second quarter valued at approximately $285,000. Hedge funds and other institutional investors own 3.51% of the company’s stock.
Shares of SAP SE (NYSE:SAP) traded down 1.64% on Tuesday, reaching $88.61. The company had a trading volume of 897,530 shares. The company’s 50-day moving average price is $89.36 and its 200 day moving average price is $82.53. The firm has a market capitalization of $106.17 billion, a P/E ratio of 26.71 and a beta of 1.43. SAP SE has a 52 week low of $68.45 and a 52 week high of $92.76.
SAP SE (NYSE:SAP) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ 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%. On average, analysts expect that SAP SE will post $4.37 EPS for the current year.
SAP has been the topic of several research reports. DZ Bank AG restated a “buy” rating on shares of SAP SE in a research note on Wednesday, September 14th. Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of SAP SE in a research report on Thursday, June 30th. Barclays PLC reaffirmed an “overweight” rating and set a $105.00 price objective on shares of SAP SE in a research report on Tuesday, August 30th. Royal Bank Of Canada raised their price objective on SAP SE to $95.00 and gave the company a “sector perform” rating in a research report on Friday, September 30th. Finally, Deutsche Bank AG reaffirmed a “buy” rating on shares of SAP SE in a research report on Tuesday, September 27th. Nine research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price 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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