Wells Fargo & Company MN Buys 32,603 Shares of SAP SE (SAP)

Wells Fargo & Company MN raised its stake in shares of SAP SE (NYSE:SAP) by 3.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 952,762 shares of the software maker’s stock after purchasing an additional 32,603 shares during the period. Wells Fargo & Company MN owned 0.08% of SAP worth $107,052,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in SAP. Harding Loevner LP grew its stake in shares of SAP by 4,590.3% during the third quarter. Harding Loevner LP now owns 267,928,144 shares of the software maker’s stock valued at $402,798,000 after buying an additional 262,215,799 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of SAP during the third quarter valued at approximately $33,601,000. Fisher Asset Management LLC grew its stake in shares of SAP by 3.8% during the fourth quarter. Fisher Asset Management LLC now owns 6,850,748 shares of the software maker’s stock valued at $769,750,000 after buying an additional 251,593 shares during the last quarter. First Trust Advisors LP grew its stake in shares of SAP by 21.3% during the fourth quarter. First Trust Advisors LP now owns 595,675 shares of the software maker’s stock valued at $66,930,000 after buying an additional 104,479 shares during the last quarter. Finally, Crossmark Global Holdings Inc. bought a new position in shares of SAP during the third quarter valued at approximately $11,449,000. 3.80% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently commented on SAP shares. Zacks Investment Research raised SAP from a “hold” rating to a “buy” rating and set a $125.00 target price on the stock in a research note on Wednesday, December 13th. Citigroup reaffirmed a “buy” rating on shares of SAP in a research note on Wednesday, January 10th. Desjardins raised SAP to a “buy” rating and set a $49.00 target price on the stock in a research note on Thursday, December 28th. DZ Bank reaffirmed a “buy” rating on shares of SAP in a research note on Friday, January 19th. Finally, Oppenheimer reaffirmed a “buy” rating and set a $120.00 target price on shares of SAP in a research note on Tuesday, November 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company. SAP presently has a consensus rating of “Buy” and an average price target of $103.73.

SAP SE (NYSE:SAP) opened at $104.23 on Wednesday. SAP SE has a 52 week low of $92.51 and a 52 week high of $116.90. The stock has a market capitalization of $128,922.10, a P/E ratio of 25.28, a P/E/G ratio of 2.87 and a beta of 1.12. The company has a quick ratio of 1.18, a current ratio of 1.17 and a debt-to-equity ratio of 0.20.

ILLEGAL ACTIVITY NOTICE: “Wells Fargo & Company MN Buys 32,603 Shares of SAP SE (SAP)” was first posted by BBNS and is the sole property of of BBNS. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this article can be viewed at https://baseballnewssource.com/markets/wells-fargo-company-mn-buys-32603-shares-of-sap-se-sap/1897712.html.

About SAP

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).

Want to see what other hedge funds are holding SAP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SAP SE (NYSE:SAP).

Institutional Ownership by Quarter for SAP (NYSE:SAP)

Receive News & Ratings for SAP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SAP and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Three-Way Trade Sends Souza to Diamondbacks and Drury to Yankees
Three-Way Trade Sends Souza to Diamondbacks and Drury to Yankees
Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Cubs Sign Free Agent Yu Darvish
Cubs Sign Free Agent Yu Darvish
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped


Leave a Reply

 
© 2006-2018 BBNS.