A number of other equities research analysts have also recently commented on SAP. BMO Capital Markets increased their price target on SAP from $140.00 to $150.00 and gave the company a “market perform” rating in a research note on Friday, April 23rd. Morgan Stanley reiterated an “overweight” rating on shares of SAP in a research note on Wednesday, July 14th. Societe Generale reiterated a “buy” rating on shares of SAP in a research note on Friday, April 9th. CIBC increased their price target on SAP from $43.00 to $45.00 and gave the company an “outperformer” rating in a research note on Friday, June 4th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of SAP in a research note on Friday, April 23rd. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and ten have given a buy rating to the stock. SAP has an average rating of “Hold” and an average price target of $130.20.
Shares of NYSE SAP traded up $0.65 during mid-day trading on Thursday, reaching $139.51. 16,761 shares of the company were exchanged, compared to its average volume of 520,309. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $171.39 billion, a PE ratio of 26.20, a price-to-earnings-growth ratio of 3.04 and a beta of 1.06. SAP has a 1 year low of $104.64 and a 1 year high of $169.30. The business has a 50-day simple moving average of $141.89.
Several large investors have recently modified their holdings of the company. Nicollet Investment Management Inc. lifted its position in SAP by 5.4% during the first quarter. Nicollet Investment Management Inc. now owns 26,430 shares of the software maker’s stock worth $3,245,000 after buying an additional 1,350 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in SAP during the fourth quarter worth approximately $3,312,000. Madison Asset Management LLC lifted its position in SAP by 15.2% during the first quarter. Madison Asset Management LLC now owns 25,804 shares of the software maker’s stock worth $3,168,000 after buying an additional 3,401 shares in the last quarter. Legacy Wealth Asset Management LLC purchased a new stake in SAP in the fourth quarter valued at $1,316,000. Finally, Natixis Advisors L.P. raised its position in SAP by 29.5% in the first quarter. Natixis Advisors L.P. now owns 133,439 shares of the software maker’s stock valued at $16,384,000 after purchasing an additional 30,422 shares during the period. 4.27% of the stock is currently owned by hedge funds and other institutional investors.
SAP SE engages in the provision of enterprise application software and software-related services. It operates through the following segments: Applications, Technology, and Services; Intelligent Spend Group; and Qualtrics. The Applications, Technology, and Services segment includes software licenses, cloud subscriptions, and related services.
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