2,737 Shares of SAP SE $SAP Purchased by Act Two Investors LLC

Act Two Investors LLC bought a new position in SAP SE (NYSE:SAP) during the third quarter, Holdings Channel reports. The firm bought 2,737 shares of the software maker’s stock, valued at approximately $571,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SAP. Fisher Asset Management LLC lifted its holdings in SAP by 3.3% in the third quarter. Fisher Asset Management LLC now owns 15,426,416 shares of the software maker’s stock valued at $3,216,099,000 after acquiring an additional 494,956 shares during the period. Bank of America Corp DE boosted its position in SAP by 15.9% in the 1st quarter. Bank of America Corp DE now owns 2,018,383 shares of the software maker’s stock worth $345,567,000 after purchasing an additional 276,263 shares in the last quarter. Tidal Investments LLC grew its stake in shares of SAP by 18.5% during the 2nd quarter. Tidal Investments LLC now owns 1,214,315 shares of the software maker’s stock worth $187,138,000 after purchasing an additional 189,591 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of SAP during the 1st quarter worth approximately $150,701,000. Finally, Ruane Cunniff & Goldfarb L.P. grew its stake in shares of SAP by 1,532.8% during the 1st quarter. Ruane Cunniff & Goldfarb L.P. now owns 749,909 shares of the software maker’s stock worth $128,392,000 after purchasing an additional 703,982 shares during the period.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SAP shares. Morgan Stanley reiterated an “overweight” rating and issued a $284.00 target price on shares of SAP in a research note on Friday, August 21st. The Goldman Sachs Group restated a “buy” rating on shares of SAP in a research report on Friday, October 23rd. TD Cowen reiterated a “buy” rating on shares of SAP in a research report on Thursday, October 15th. JPMorgan Chase & Co. raised shares of SAP from a “neutral” rating to an “overweight” rating in a research note on Monday, November 9th. Finally, HSBC restated a “buy” rating on shares of SAP in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $258.38.

SAP Price Performance

Shares of NYSE SAP traded up $0.75 during trading on Friday, hitting $234.81. The company had a trading volume of 2,055,850 shares, compared to its average volume of 2,603,851. The stock has a fifty day simple moving average of $221.68 and a two-hundred day simple moving average of $192.52. SAP SE has a fifty-two week low of $144.97 and a fifty-two week high of $255.90. The firm has a market capitalization of $288.47 billion, a price-to-earnings ratio of 28.67, a price-to-earnings-growth ratio of 2.82 and a beta of 1.11. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.18.

SAP Profile

SAP SE is a German enterprise software company headquartered in Walldorf. Founded in 1972, it develops software that helps organizations manage business operations and use data across their operations. Its products and services include enterprise resource planning (ERP) software, cloud applications, database and analytics tools, and solutions for areas such as finance, supply chain management, human resources, procurement, and customer experience. SAP serves businesses and public-sector organizations across the globe.