2,737 Shares in SAP SE $SAP Purchased by Act Two Investors LLC

Act Two Investors LLC purchased a new position in SAP SE (NYSE:SAP) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,737 shares of the software maker’s stock, valued at approximately $571,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of SAP by 180.2% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,810 shares of the software maker’s stock valued at $378,000 after buying an additional 1,164 shares during the last quarter. Addison Advisors LLC raised its stake in SAP by 19.7% in the 3rd quarter. Addison Advisors LLC now owns 279 shares of the software maker’s stock worth $58,000 after acquiring an additional 46 shares during the last quarter. Allworth Financial LP raised its stake in SAP by 8.7% in the 3rd quarter. Allworth Financial LP now owns 3,590 shares of the software maker’s stock worth $748,000 after acquiring an additional 286 shares during the last quarter. Fisher Asset Management LLC lifted its position in SAP by 3.3% during the 3rd quarter. Fisher Asset Management LLC now owns 15,426,416 shares of the software maker’s stock worth $3,216,099,000 after acquiring an additional 494,956 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in SAP by 7.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 84,207 shares of the software maker’s stock worth $17,555,000 after acquiring an additional 5,501 shares during the period.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. BMO Capital Markets boosted their price target on SAP from $235.00 to $265.00 and gave the company an “outperform” rating in a research note on Thursday, October 22nd. Oppenheimer restated a “market perform” rating on shares of SAP in a research note on Friday, July 24th. Grupo Santander downgraded SAP to a “neutral” rating in a report on Tuesday, September 1st. Jefferies Financial Group reaffirmed a “buy” rating on shares of SAP in a report on Thursday, October 22nd. Finally, Wells Fargo & Company reiterated an “overweight” rating on shares of SAP in a research report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $258.38.

SAP Stock Performance

Shares of SAP stock traded up $0.75 during trading on Friday, hitting $234.81. 2,055,850 shares of the company’s stock were exchanged, compared to its average volume of 2,603,851. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.16 and a current ratio of 1.16. The business has a 50-day simple moving average of $221.68 and a 200-day simple moving average of $192.52. SAP SE has a 52-week low of $144.97 and a 52-week high of $255.90. The stock has a market capitalization of $288.47 billion, a price-to-earnings ratio of 28.67, a PEG ratio of 2.82 and a beta of 1.11.

SAP Profile

SAP SE is a German enterprise software company headquartered in Walldorf. Founded in 1972, it develops software that helps organizations manage business operations and use data across their operations. Its products and services include enterprise resource planning (ERP) software, cloud applications, database and analytics tools, and solutions for areas such as finance, supply chain management, human resources, procurement, and customer experience. SAP serves businesses and public-sector organizations across the globe.