BTIM Corp. maintained its position in SAP SE (NYSE:SAP) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,800 shares of the software maker’s stock at the end of the second quarter. BTIM Corp.’s holdings in SAP SE were worth $3,224,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently made changes to their positions in the stock. Morgan Stanley raised its stake in shares of SAP SE by 101.2% in the first quarter. Morgan Stanley now owns 1,659,689 shares of the software maker’s stock worth $162,933,000 after buying an additional 834,600 shares during the last quarter. Bank of America Corp DE raised its stake in shares of SAP SE by 37.3% in the first quarter. Bank of America Corp DE now owns 2,565,236 shares of the software maker’s stock worth $251,830,000 after buying an additional 696,447 shares during the last quarter. Harding Loevner LP raised its stake in shares of SAP SE by 7.0% in the first quarter. Harding Loevner LP now owns 5,531,732 shares of the software maker’s stock worth $543,050,000 after buying an additional 362,267 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of SAP SE by 42.9% in the first quarter. Russell Investments Group Ltd. now owns 943,717 shares of the software maker’s stock worth $92,649,000 after buying an additional 283,230 shares during the last quarter. Finally, Karp Capital Management Corp purchased a new stake in shares of SAP SE during the first quarter worth about $25,030,000. Hedge funds and other institutional investors own 3.71% of the company’s stock.
SAP SE (NYSE:SAP) traded up 0.26% during trading on Friday, hitting $104.82. The company had a trading volume of 488,272 shares. The firm’s 50 day moving average is $105.03 and its 200-day moving average is $100.94. SAP SE has a 52-week low of $80.93 and a 52-week high of $108.72. The stock has a market capitalization of $125.67 billion, a price-to-earnings ratio of 30.92 and a beta of 1.12.
SAP SE announced that its Board of Directors has authorized a share repurchase plan on Thursday, July 20th that authorizes the company to repurchase shares. This repurchase authorization authorizes the software maker to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.
SAP has been the subject of a number of research reports. Zacks Investment Research lowered SAP SE from a “hold” rating to a “sell” rating in a report on Monday, July 24th. DZ Bank AG restated a “buy” rating on shares of SAP SE in a report on Wednesday, June 28th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of SAP SE in a report on Monday, June 26th. Stifel Nicolaus lowered SAP SE from a “hold” rating to a “sell” rating and set a $102.13 target price for the company. in a report on Wednesday, April 26th. Finally, Royal Bank Of Canada upped their target price on SAP SE from $102.00 to $106.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 18th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $95.69.
About SAP SE
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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