BB&T Corp Reduces Position in SAP SE (NYSE:SAP)

BB&T Corp lowered its stake in SAP SE (NYSE:SAP) by 1.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,408 shares of the software maker’s stock after selling 802 shares during the period. BB&T Corp’s holdings in SAP SE were worth $4,962,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Fisher Asset Management LLC raised its position in shares of 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 during the last quarter. Harding Loevner LP raised its position 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 valued at $543,050,000 after buying an additional 362,267 shares during the last quarter. Bank of America Corp DE raised its position 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 valued at $251,830,000 after buying an additional 696,447 shares during the last quarter. Sustainable Growth Advisers LP raised its position in shares of SAP SE by 9.1% in the first quarter. Sustainable Growth Advisers LP now owns 2,356,371 shares of the software maker’s stock valued at $231,302,000 after buying an additional 195,579 shares during the last quarter. Finally, Morgan Stanley raised its position 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 valued at $162,933,000 after buying an additional 834,600 shares during the last quarter. Institutional investors and hedge funds own 3.71% of the company’s stock.

SAP SE (SAP) traded up 0.26% during mid-day trading on Friday, hitting $104.82. 488,272 shares of the stock were exchanged. The company has a 50-day moving average price of $105.03 and a 200-day moving average price of $100.94. SAP SE has a one year low of $80.93 and a one year high of $108.72. The company has a market cap of $125.67 billion, a P/E ratio of 30.92 and a beta of 1.12.

SAP SE declared that its Board of Directors has approved a share repurchase program on Thursday, July 20th that allows the company to buyback shares. This buyback authorization allows the software maker to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

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Several research analysts have recently weighed in on SAP shares. Stifel Nicolaus lowered shares of SAP SE from a “hold” rating to a “sell” rating and set a $102.13 price objective on the stock. in a report on Wednesday, April 26th. BMO Capital Markets raised their price target on shares of SAP SE from $105.00 to $110.00 and gave the company a “market perform” rating in a report on Friday, July 21st. DZ Bank AG restated a “buy” rating on shares of SAP SE in a report on Thursday, July 20th. BidaskClub lowered shares of SAP SE from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Finally, Royal Bank Of Canada raised their price target on shares of SAP SE from $102.00 to $106.00 and gave the company a “sector perform” rating in a report on Tuesday, July 18th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average 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).

Institutional Ownership by Quarter for SAP SE (NYSE:SAP)

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