SAP SE (NYSE:SAP) had its price objective boosted by equities research analysts at JMP Securities from $93.00 to $95.00 in a research report issued on Wednesday. The brokerage currently has an “outperform” rating on the stock. JMP Securities’ target price suggests a potential upside of 7.19% from the company’s current price.
SAP has been the subject of a number of other reports. DZ Bank AG reissued a “buy” rating on shares of SAP SE in a research note on Wednesday, September 14th. Barclays PLC reaffirmed a “buy” rating on shares of SAP SE in a research note on Monday, October 24th. RBC Capital Markets reaffirmed a “hold” rating and issued a $95.00 price objective on shares of SAP SE in a research note on Friday, September 30th. Royal Bank Of Canada raised their price objective on SAP SE to $95.00 and gave the company a “sector perform” rating in a research note on Friday, September 30th. Finally, HSBC reaffirmed a “buy” rating on shares of SAP SE in a research note on Tuesday, October 4th. Nine equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. SAP SE currently has an average rating of “Buy” and an average target price of $85.67.
SAP SE (NYSE:SAP) traded down 0.49% during trading on Wednesday, hitting $88.20. The stock had a trading volume of 347,857 shares. SAP SE has a 12 month low of $71.39 and a 12 month high of $92.76. The stock has a 50 day moving average price of $85.32 and a 200-day moving average price of $85.66. The stock has a market cap of $105.66 billion, a price-to-earnings ratio of 29.33 and a beta of 1.31.
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Hedge funds and other institutional investors have recently made changes to their positions in the stock. ETRADE Capital Management LLC boosted its stake in SAP SE by 16.0% in the third quarter. ETRADE Capital Management LLC now owns 16,677 shares of the company’s stock worth $1,524,000 after buying an additional 2,298 shares during the last quarter. D.A. Davidson & CO. boosted its stake in SAP SE by 12.1% in the third quarter. D.A. Davidson & CO. now owns 14,622 shares of the company’s stock worth $1,333,000 after buying an additional 1,580 shares during the last quarter. Brinker Capital Inc. acquired a new stake in SAP SE during the third quarter worth $363,000. LPL Financial LLC boosted its stake in SAP SE by 1.7% in the third quarter. LPL Financial LLC now owns 6,518 shares of the company’s stock worth $590,000 after buying an additional 110 shares during the last quarter. Finally, Peloton Wealth Strategists acquired a new stake in SAP SE during the third quarter worth $1,115,000. Institutional investors and hedge funds own 3.55% of the company’s stock.
SAP SE Company Profile
SAP SE (SAP), formerly SAP AG, is engaged in business application and analytics software. The Company is also engaged in digital commerce and is an enterprise cloud company. Its segments include Applications, Technology & Services segment, which is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (mainly support services and various professional services and premium support services, as well as implementation services of its software products and education services on the use of its products), and SAP Business Network Segment, which includes a network of networks, which covers sourcing, procurement, and travel and expenses.
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