494,956 SAP SE $SAP Shares Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC boosted its stake in shares of SAP SE (NYSE:SAP) by 3.3% in the third quarter, HoldingsChannel reports. The firm owned 15,426,416 shares of the software maker’s stock after purchasing an additional 494,956 shares during the quarter. Fisher Asset Management LLC’s holdings in SAP were worth $3,216,099,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. boosted its stake in SAP by 7.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 84,207 shares of the software maker’s stock valued at $17,555,000 after purchasing an additional 5,501 shares during the period. Fifth Third Bancorp increased its stake in shares of SAP by 6.4% in the third quarter. Fifth Third Bancorp now owns 4,152 shares of the software maker’s stock valued at $866,000 after purchasing an additional 248 shares during the period. King Luther Capital Management Corp increased its stake in shares of SAP by 2.9% in the third quarter. King Luther Capital Management Corp now owns 2,485 shares of the software maker’s stock valued at $518,000 after purchasing an additional 71 shares during the period. Ritholtz Wealth Management increased its stake in shares of SAP by 3.0% in the third quarter. Ritholtz Wealth Management now owns 29,221 shares of the software maker’s stock valued at $6,092,000 after purchasing an additional 861 shares during the period. Finally, Jacobi Capital Management LLC bought a new stake in shares of SAP during the third quarter valued at approximately $54,000.

SAP Stock Up 0.1%

SAP stock opened at $234.31 on Friday. SAP SE has a 52 week low of $144.97 and a 52 week high of $255.90. The stock has a market cap of $287.86 billion, a price-to-earnings ratio of 29.52, a PEG ratio of 2.82 and a beta of 1.11. The company’s 50-day moving average price is $221.32 and its two-hundred day moving average price is $192.52. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.18.

Analysts Set New Price Targets

SAP has been the subject of several analyst reports. Deutsche Bank reiterated a “buy” rating on shares of SAP in a research report on Wednesday, October 21st. Weiss Ratings raised SAP from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. Barclays raised their target price on SAP from $243.00 to $288.00 and gave the company an “overweight” rating in a research report on Friday, October 23rd. Morgan Stanley reaffirmed an “overweight” rating and set a $284.00 target price on shares of SAP in a research note on Friday, August 21st. Finally, DZ Bank reiterated a “sell” rating on shares of SAP in a research report on Thursday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $258.38.

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.