4,677 SAP SE $SAP Shares Purchased by Vise Technologies Inc.

Vise Technologies Inc. grew its stake in SAP SE (NYSE:SAP) by 13.5% during the third quarter, Holdings Channel reports. The firm owned 39,232 shares of the software maker’s stock after purchasing an additional 4,677 shares during the period. Vise Technologies Inc.’s holdings in SAP were worth $8,179,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. MGO One Seven LLC grew its holdings in SAP by 37.4% during the third quarter. MGO One Seven LLC now owns 2,159 shares of the software maker’s stock worth $450,000 after buying an additional 588 shares in the last quarter. Americana Partners LLC raised its position in SAP by 9.1% in the 3rd quarter. Americana Partners LLC now owns 7,034 shares of the software maker’s stock valued at $1,466,000 after buying an additional 589 shares during the last quarter. Aprio Wealth Management LLC lifted its stake in SAP by 36.8% during the 3rd quarter. Aprio Wealth Management LLC now owns 2,999 shares of the software maker’s stock valued at $625,000 after acquiring an additional 806 shares in the last quarter. Modera Wealth Management LLC lifted its stake in SAP by 5.7% during the 3rd quarter. Modera Wealth Management LLC now owns 3,579 shares of the software maker’s stock valued at $746,000 after acquiring an additional 194 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in SAP during the 3rd quarter worth $2,569,000.

Analyst Ratings Changes

Several research firms have recently issued reports on SAP. BMO Capital Markets upped their target price on shares of SAP from $235.00 to $265.00 and gave the stock an “outperform” rating in a research note on Thursday, October 22nd. Weiss Ratings lowered shares of SAP from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 23rd. Erste Group Bank raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Friday. Oppenheimer restated a “market perform” rating on shares of SAP in a report on Friday, July 24th. Finally, Argus set a $265.00 price objective on shares of SAP in a research report on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $258.83.

SAP Stock Performance

Shares of SAP opened at $235.02 on Monday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $288.72 billion, a price-to-earnings ratio of 28.70, a PEG ratio of 2.83 and a beta of 1.11. The stock has a 50 day moving average of $217.92 and a 200 day moving average of $192.44. SAP SE has a 12 month low of $144.97 and a 12 month high of $265.88.

SAP Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM employees, SAP originally developed software to help businesses integrate accounting and operational data. The company has since become a major provider of cloud-based business applications and enterprise technology.

SAP’s portfolio includes enterprise resource planning software, including SAP S/4HANA Cloud, along with solutions for finance, procurement, supply chain management, human resources, customer experience and business analytics.