Freestone Capital Holdings LLC Decreases Stake in SAP SE (SAP)

Freestone Capital Holdings LLC decreased its stake in shares of SAP SE (NYSE:SAP) by 4.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 9,094 shares of the software maker’s stock after selling 451 shares during the period. Freestone Capital Holdings LLC’s holdings in SAP SE were worth $952,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Morgan Stanley increased its position in shares of SAP SE by 101.2% during the 1st quarter. Morgan Stanley now owns 1,659,689 shares of the software maker’s stock valued at $162,933,000 after purchasing an additional 834,600 shares during the last quarter. Bank of America Corp DE grew its position in SAP SE by 37.3% during the 1st quarter. Bank of America Corp DE now owns 2,565,236 shares of the software maker’s stock worth $251,830,000 after acquiring an additional 696,447 shares during the last quarter. Harbour Capital Advisors LLC grew its position in SAP SE by 10,198.2% during the 2nd quarter. Harbour Capital Advisors LLC now owns 478,865 shares of the software maker’s stock worth $4,575,000 after acquiring an additional 474,215 shares during the last quarter. Fisher Asset Management LLC grew its position in SAP SE by 3.8% during the 2nd quarter. Fisher Asset Management LLC now owns 6,462,281 shares of the software maker’s stock worth $676,407,000 after acquiring an additional 238,908 shares during the last quarter. Finally, Sustainable Growth Advisers LP grew its position in shares of SAP SE by 8.9% in the 2nd quarter. Sustainable Growth Advisers LP now owns 2,567,035 shares of the software maker’s stock worth $268,691,000 after buying an additional 210,664 shares during the last quarter. 3.56% of the stock is currently owned by hedge funds and other institutional investors.

Shares of SAP SE (NYSE SAP) traded up 0.49% during mid-day trading on Friday, reaching $109.74. The company’s stock had a trading volume of 726,481 shares. The stock has a market cap of $131.57 billion, a P/E ratio of 31.97 and a beta of 1.12. The stock has a 50 day moving average of $106.30 and a 200-day moving average of $102.88. SAP SE has a one year low of $80.93 and a one year high of $110.32.

SAP SE declared that its board has authorized a share buyback program on Thursday, July 20th that authorizes the company to buyback outstanding shares. This buyback authorization authorizes the software maker to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets raised their target price on SAP SE from $105.00 to $110.00 and gave the company a “market perform” rating in a research note on Friday, July 21st. DZ Bank AG reiterated a “buy” rating on shares of SAP SE in a research note on Wednesday, June 28th. BidaskClub cut SAP SE from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Zacks Investment Research cut SAP SE from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Finally, Stifel Nicolaus restated a “sell” rating and issued a $75.00 price target on shares of SAP SE in a research note on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $94.84.

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SAP SE Profile

SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).

Institutional Ownership by Quarter for SAP SE (NYSE:SAP)

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