SevenBridge Financial Group LLC Purchases 2,185 Shares of SAP SE (NYSE:SAP)

SevenBridge Financial Group LLC grew its position in shares of SAP SE (NYSE:SAPGet Rating) by 69.8% in the second quarter, Holdings Channel reports. The fund owned 5,314 shares of the software maker’s stock after buying an additional 2,185 shares during the quarter. SevenBridge Financial Group LLC’s holdings in SAP were worth $482,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of SAP. Capital International Investors grew its stake in shares of SAP by 58.2% in the 1st quarter. Capital International Investors now owns 4,700,206 shares of the software maker’s stock worth $524,270,000 after buying an additional 1,729,492 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in SAP by 230.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,389,447 shares of the software maker’s stock valued at $154,173,000 after purchasing an additional 969,505 shares during the period. Marshall Wace LLP boosted its holdings in shares of SAP by 207.3% in the 4th quarter. Marshall Wace LLP now owns 507,763 shares of the software maker’s stock worth $71,141,000 after purchasing an additional 342,546 shares during the period. Renaissance Technologies LLC purchased a new position in shares of SAP in the 1st quarter worth approximately $27,906,000. Finally, Principal Financial Group Inc. raised its holdings in SAP by 26.7% during the 1st quarter. Principal Financial Group Inc. now owns 1,023,546 shares of the software maker’s stock valued at $113,572,000 after buying an additional 215,811 shares during the period. 5.20% of the stock is owned by hedge funds and other institutional investors.

SAP Stock Performance

Shares of SAP stock opened at $83.94 on Monday. The stock has a market capitalization of $99.01 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 1.17 and a beta of 1.10. The firm’s fifty day simple moving average is $89.44 and its 200-day simple moving average is $97.47. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.96 and a quick ratio of 0.96. SAP SE has a 12 month low of $82.41 and a 12 month high of $149.92.

Analyst Upgrades and Downgrades

Several research analysts have commented on SAP shares. Berenberg Bank assumed coverage on shares of SAP in a research note on Tuesday, July 5th. They set a “buy” rating for the company. Cowen cut their price target on shares of SAP to $107.00 in a report on Friday, July 22nd. Jefferies Financial Group decreased their price objective on shares of SAP from €120.00 ($122.45) to €110.00 ($112.24) and set a “hold” rating for the company in a research note on Monday, June 20th. Credit Suisse Group reaffirmed an “outperform” rating on shares of SAP in a research note on Monday, July 11th. Finally, Exane BNP Paribas downgraded shares of SAP from an “outperform” rating to a “neutral” rating and set a $105.00 target price on the stock. in a research note on Thursday, June 30th. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, SAP currently has an average rating of “Hold” and a consensus price target of $106.00.

SAP Profile

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SAP SE, together with its subsidiaries, operates as an enterprise application software company worldwide. The company operates through three segments: Applications, Technology & Support; Qualtrics; and Services. It offers SAP S/4HANA, an ERP suite with intelligent technologies, such as artificial intelligence, machine learning, and advanced analytics; SAP SuccessFactors Human Experience Management provides cloud-based solutions, such as a human resources management system for core HR and payroll, talent management, employee experience management, and people analytics; and intelligent spend management solutions, including products branded under the SAP Ariba, SAP Concur, and SAP Fieldglass names.

See Also

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Institutional Ownership by Quarter for SAP (NYSE:SAP)

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