Ballentine Partners LLC raised its position in SAP SE (NYSE:SAP – Free Report) by 16.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,403 shares of the software maker’s stock after acquiring an additional 914 shares during the period. Ballentine Partners LLC’s holdings in SAP were worth $1,467,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the company. Godsey & Gibb Inc. bought a new position in SAP in the third quarter worth $25,000. LRI Investments LLC bought a new stake in shares of SAP in the 1st quarter valued at approximately $25,000. POM Investment Strategies LLC grew its stake in shares of SAP by 892.3% in the 2nd quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock valued at $26,000 after purchasing an additional 116 shares during the period. Crewe Advisors LLC raised its holdings in shares of SAP by 1,270.0% in the 2nd quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock worth $28,000 after buying an additional 127 shares in the last quarter. Finally, Sunbelt Securities Inc. bought a new position in shares of SAP during the first quarter valued at $29,000.
SAP Stock Down 0.2 %
Shares of NYSE SAP opened at $237.72 on Friday. SAP SE has a 1 year low of $130.63 and a 1 year high of $240.08. The firm’s 50-day moving average is $223.18 and its 200-day moving average is $204.50. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $292.04 billion, a PE ratio of 51.57, a price-to-earnings-growth ratio of 4.42 and a beta of 1.25.
Analysts Set New Price Targets
Several analysts have weighed in on SAP shares. Barclays upped their price objective on shares of SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a research note on Wednesday. TD Cowen lifted their price objective on SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research report on Tuesday. JMP Securities increased their target price on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a report on Tuesday. BMO Capital Markets lifted their price target on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, SAP has a consensus rating of “Moderate Buy” and an average price target of $252.33.
Get Our Latest Stock Analysis on SAP
SAP Profile
SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.
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