Keybank National Association OH lessened its stake in SAP SE (NYSE:SAP) by 5.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,861 shares of the software maker’s stock after selling 1,575 shares during the quarter. Keybank National Association OH’s holdings in SAP were worth $3,520,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Jennison Associates LLC grew its position in SAP by 524.2% in the second quarter. Jennison Associates LLC now owns 3,041,540 shares of the software maker’s stock valued at $416,083,000 after acquiring an additional 2,554,263 shares during the last quarter. UBS Group AG grew its position in shares of SAP by 181.8% during the 2nd quarter. UBS Group AG now owns 1,653,111 shares of the software maker’s stock valued at $226,146,000 after acquiring an additional 1,066,406 shares during the period. Holocene Advisors LP acquired a new stake in shares of SAP during the 2nd quarter valued at about $76,517,000. Fisher Asset Management LLC grew its position in shares of 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 acquiring an additional 256,923 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of SAP by 28.9% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 524,118 shares of the software maker’s stock valued at $71,699,000 after acquiring an additional 117,443 shares during the period. 5.02% of the stock is owned by institutional investors and hedge funds.
SAP stock traded up $1.36 during trading on Friday, hitting $136.44. The stock had a trading volume of 325,120 shares, compared to its average volume of 792,278. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.01 and a quick ratio of 1.01. SAP SE has a twelve month low of $94.81 and a twelve month high of $140.62. The stock has a market capitalization of $159.42 billion, a P/E ratio of 30.12, a PEG ratio of 2.81 and a beta of 1.12. The company’s 50-day moving average price is $125.15 and its two-hundred day moving average price is $125.81.
SAP has been the topic of a number of analyst reports. Berenberg Bank restated a “buy” rating and set a $130.00 target price on shares of SAP in a research report on Tuesday, October 22nd. Royal Bank of Canada dropped their target price on SAP from $49.00 to $47.00 and set an “outperform” rating on the stock in a research report on Friday. Credit Suisse Group restated a “buy” rating and set a $132.00 target price on shares of SAP in a research report on Monday, October 21st. Nord/LB restated a “neutral” rating and set a $115.00 target price on shares of SAP in a research report on Wednesday, October 23rd. Finally, National Bank Financial raised their target price on SAP from $43.00 to $45.00 and gave the company a “sector perform” rating in a research report on Friday. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $116.00.
SAP Company Profile
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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