SAP SE (NYSE:SAP) had its price target hoisted by Royal Bank Of Canada from $102.00 to $106.00 in a research note published on Tuesday morning, Marketbeat reports. They currently have a sector perform rating on the software maker’s stock.
A number of other research firms have also recently issued reports on SAP. Jefferies Group LLC restated a neutral rating on shares of SAP SE in a research note on Tuesday, March 21st. Stifel Nicolaus cut shares of SAP SE from a hold rating to a sell rating and set a $102.13 target price for the company. in a research note on Wednesday, April 26th. William Blair restated a market perform rating on shares of SAP SE in a research note on Friday, April 14th. BMO Capital Markets cut their target price on shares of SAP SE from $105.00 to $95.00 and set a market perform rating for the company in a research note on Wednesday, April 26th. Finally, Cowen and Company restated an outperform rating and set a $110.00 target price (up previously from $105.00) on shares of SAP SE in a research note on Saturday, April 29th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. SAP SE has a consensus rating of Buy and a consensus price target of $94.44.
SAP SE (NYSE:SAP) traded up 0.98% on Tuesday, hitting $105.44. 140,484 shares of the stock traded hands. The stock has a market cap of $126.42 billion, a price-to-earnings ratio of 30.88 and a beta of 1.12. SAP SE has a 52 week low of $80.93 and a 52 week high of $108.72. The firm’s 50 day moving average is $105.61 and its 200 day moving average is $98.54.
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A number of institutional investors have recently added to or reduced their stakes in the stock. Aperio Group LLC raised its position in SAP SE by 10.3% in the second quarter. Aperio Group LLC now owns 281,283 shares of the software maker’s stock valued at $29,442,000 after buying an additional 26,321 shares in the last quarter. Eqis Capital Management Inc. raised its position in SAP SE by 15.6% in the second quarter. Eqis Capital Management Inc. now owns 15,571 shares of the software maker’s stock valued at $1,630,000 after buying an additional 2,098 shares in the last quarter. Chevy Chase Trust Holdings Inc. raised its position in SAP SE by 0.8% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 34,030 shares of the software maker’s stock valued at $3,562,000 after buying an additional 270 shares in the last quarter. Fisher Asset Management LLC raised its position in SAP SE by 3.8% in the second quarter. Fisher Asset Management LLC now owns 6,462,281 shares of the software maker’s stock valued at $676,407,000 after buying an additional 238,908 shares in the last quarter. Finally, Creative Planning raised its position in SAP SE by 20.2% in the second quarter. Creative Planning now owns 8,234 shares of the software maker’s stock valued at $862,000 after buying an additional 1,381 shares in the last quarter. 3.73% of the stock is currently owned by hedge funds and other institutional investors.
SAP SE Company Profile
SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).
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