Stephens Inc. AR lowered its stake in SAP SE (NYSE:SAP) by 7.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,698 shares of the software maker’s stock after selling 396 shares during the period. Stephens Inc. AR’s holdings in SAP were worth $643,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in SAP. Lazard Asset Management LLC increased its holdings in SAP by 326.9% during the 1st quarter. Lazard Asset Management LLC now owns 1,765,545 shares of the software maker’s stock valued at $203,849,000 after purchasing an additional 1,351,984 shares during the period. Jennison Associates LLC purchased a new position in SAP during the 1st quarter valued at about $56,261,000. GQG Partners LLC increased its holdings in SAP by 12.2% during the 1st quarter. GQG Partners LLC now owns 2,489,791 shares of the software maker’s stock valued at $287,266,000 after purchasing an additional 270,941 shares during the period. Fisher Asset Management LLC increased its holdings in SAP by 3.6% during the 2nd quarter. Fisher Asset Management LLC now owns 7,412,071 shares of the software maker’s stock valued at $1,013,971,000 after purchasing an additional 256,923 shares during the period. Finally, FMR LLC increased its holdings in SAP by 6.8% during the 1st quarter. FMR LLC now owns 3,755,933 shares of the software maker’s stock valued at $433,659,000 after purchasing an additional 240,014 shares during the period. Hedge funds and other institutional investors own 4.96% of the company’s stock.
SAP stock opened at $121.24 on Thursday. The stock’s 50 day simple moving average is $126.81 and its two-hundred day simple moving average is $120.63. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market cap of $147.05 billion, a price-to-earnings ratio of 26.76, a PEG ratio of 2.66 and a beta of 1.08. SAP SE has a fifty-two week low of $94.81 and a fifty-two week high of $140.62.
A number of research analysts recently issued reports on SAP shares. Jefferies Financial Group started coverage on SAP in a report on Monday, July 22nd. They set a “buy” rating on the stock. Zacks Investment Research cut SAP from a “hold” rating to a “sell” rating and set a $134.00 price objective on the stock. in a research report on Tuesday, July 23rd. Royal Bank of Canada raised SAP from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $133.00 to $167.00 in a research report on Monday, April 29th. BMO Capital Markets set a $140.00 price objective on SAP and gave the company a “hold” rating in a research report on Friday, July 19th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $118.00 price objective on shares of SAP in a research report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $125.63.
SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. The company operates through three segments: Applications, Technology & Services; SAP Business Network; and Customer Experience. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution for businesses to manage data from various sources; and SAP Cloud platform that offers an enterprise platform-as-a-service.
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