16,470 Shares in SAP SE $SAP Acquired by Monte Financial Group LLC

Monte Financial Group LLC purchased a new stake in SAP SE (NYSE:SAP) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 16,470 shares of the software maker’s stock, valued at approximately $3,434,000.

Other large investors have also recently modified their holdings of the company. Kestra Advisory Services LLC raised its position in SAP by 30.9% during the 3rd quarter. Kestra Advisory Services LLC now owns 7,286 shares of the software maker’s stock valued at $1,519,000 after purchasing an additional 1,721 shares in the last quarter. Commonwealth Equity Services LLC grew its position in shares of SAP by 7.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 15,429 shares of the software maker’s stock worth $3,217,000 after buying an additional 1,118 shares in the last quarter. Kestra Private Wealth Services LLC grew its position in shares of SAP by 7.3% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 8,483 shares of the software maker’s stock worth $1,769,000 after buying an additional 579 shares in the last quarter. Ascent Group LLC grew its position in shares of SAP by 23.1% during the 3rd quarter. Ascent Group LLC now owns 3,738 shares of the software maker’s stock worth $779,000 after buying an additional 701 shares in the last quarter. Finally, JCIC Asset Management Inc. increased its stake in shares of SAP by 2.7% during the third quarter. JCIC Asset Management Inc. now owns 16,824 shares of the software maker’s stock valued at $3,507,000 after buying an additional 446 shares during the period.

SAP Stock Up 1.4%

Shares of NYSE SAP opened at $243.47 on Friday. 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 stock has a market capitalization of $299.10 billion, a PE ratio of 29.73, a price-to-earnings-growth ratio of 2.90 and a beta of 1.11. The stock’s fifty day simple moving average is $219.57 and its two-hundred day simple moving average is $192.40. SAP SE has a 12-month low of $144.97 and a 12-month high of $258.50.

Analyst Ratings Changes

Several research firms recently weighed in on SAP. Jefferies Financial Group restated a “buy” rating on shares of SAP in a report on Thursday, October 22nd. Wells Fargo & Company reaffirmed an “overweight” rating on shares of SAP in a research note on Wednesday, August 12th. UBS Group cut shares of SAP from a “buy” rating to a “neutral” rating in a report on Wednesday, August 26th. TD Cowen reissued a “buy” rating on shares of SAP in a research report on Thursday, October 15th. Finally, Oppenheimer restated a “market perform” rating on shares of SAP in a report on Friday, July 24th. One research 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 company. According to data from MarketBeat.com, SAP currently has an average rating of “Moderate Buy” and an average target price of $258.83.

SAP Company 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.