SAP SE $SAP Stock Bought by Ethic Inc.

Ethic Inc. grew its holdings in SAP SE (NYSE:SAP) by 22.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 86,667 shares of the software maker’s stock after acquiring an additional 15,759 shares during the period. Ethic Inc.’s holdings in SAP were worth $18,068,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of SAP. Bank of America Corp DE raised its stake in shares of SAP by 15.9% in the first quarter. Bank of America Corp DE now owns 2,018,383 shares of the software maker’s stock valued at $345,567,000 after acquiring an additional 276,263 shares in the last quarter. Tidal Investments LLC boosted its holdings in SAP by 18.5% in the second quarter. Tidal Investments LLC now owns 1,214,315 shares of the software maker’s stock valued at $187,138,000 after purchasing an additional 189,591 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in SAP during the 1st quarter worth $150,701,000. Ruane Cunniff & Goldfarb L.P. grew its stake in SAP by 1,532.8% during the 1st quarter. Ruane Cunniff & Goldfarb L.P. now owns 749,909 shares of the software maker’s stock worth $128,392,000 after purchasing an additional 703,982 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in SAP by 48.2% during the 1st quarter. Principal Financial Group Inc. now owns 550,531 shares of the software maker’s stock worth $94,257,000 after purchasing an additional 179,040 shares during the period.

SAP Price Performance

SAP stock opened at $233.57 on Friday. The stock has a market cap of $286.94 billion, a P/E ratio of 28.52, a price-to-earnings-growth ratio of 2.82 and a beta of 1.11. The company has a fifty day simple moving average of $219.81 and a 200-day simple moving average of $192.43. SAP SE has a 12-month low of $144.97 and a 12-month high of $255.90. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.18.

Analyst Upgrades and Downgrades

SAP has been the topic of several recent research reports. Citigroup restated a “buy” rating on shares of SAP in a report on Friday, October 23rd. Wells Fargo & Company reiterated an “overweight” rating on shares of SAP in a research note on Wednesday, August 12th. Erste Group Bank raised SAP from a “hold” rating to a “buy” rating in a research report on Friday, October 30th. UBS Group lowered shares of SAP from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 26th. Finally, Jefferies Financial Group restated a “buy” rating on shares of SAP in a research note on Thursday, October 22nd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $258.83.

SAP Company Profile