Oppenheimer & Co. Inc. Invests $440,000 in SAP SE (SAP)

Oppenheimer & Co. Inc. bought a new position in shares of SAP SE (NYSE:SAP) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,915 shares of the software maker’s stock, valued at approximately $440,000.

Several other large investors have also added to or reduced their stakes in SAP. State Street Corp grew its position in shares of SAP by 2.3% during the second quarter. State Street Corp now owns 204,794 shares of the software maker’s stock worth $21,436,000 after purchasing an additional 4,622 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of SAP during the second quarter worth about $330,000. Sterling Capital Management LLC grew its position in shares of SAP by 3.5% during the second quarter. Sterling Capital Management LLC now owns 5,267 shares of the software maker’s stock worth $551,000 after purchasing an additional 179 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of SAP during the second quarter worth about $235,000. Finally, Adviser Investments LLC purchased a new stake in shares of SAP during the third quarter worth about $274,000. Hedge funds and other institutional investors own 3.80% of the company’s stock.

SAP has been the subject of several research analyst reports. Zacks Investment Research cut SAP from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Morgan Stanley cut SAP from an “overweight” rating to an “equal weight” rating in a research report on Thursday, January 11th. Oppenheimer reiterated a “buy” rating and set a $120.00 target price on shares of SAP in a research report on Tuesday, November 14th. Royal Bank of Canada reiterated a “neutral” rating on shares of SAP in a research report on Monday, January 22nd. Finally, Desjardins upgraded SAP to a “buy” rating and set a $49.00 target price for the company in a research report on Thursday, December 28th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company. SAP has a consensus rating of “Buy” and an average target price of $103.73.

SAP SE (NYSE SAP) opened at $104.14 on Friday. SAP SE has a one year low of $92.77 and a one year high of $116.90. The company has a market capitalization of $128,098.67, a P/E ratio of 26.98, a P/E/G ratio of 2.85 and a beta of 1.12. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.18 and a current ratio of 1.17.

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SAP Company 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 (NYSE:SAP)

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