Simplicity Wealth LLC reduced its position in shares of SAP SE (NYSE:SAP – Free Report) by 51.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,114 shares of the software maker’s stock after selling 1,164 shares during the quarter. Simplicity Wealth LLC’s holdings in SAP were worth $339,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in SAP. Twin Tree Management LP raised its stake in SAP by 122.5% during the 1st quarter. Twin Tree Management LP now owns 51,632 shares of the software maker’s stock valued at $13,860,000 after purchasing an additional 280,896 shares during the period. Main Street Research LLC acquired a new stake in SAP during the 1st quarter valued at $32,151,000. Deutsche Bank AG raised its stake in SAP by 2,105.3% during the 1st quarter. Deutsche Bank AG now owns 105,260 shares of the software maker’s stock valued at $28,256,000 after purchasing an additional 100,487 shares during the period. Goldman Sachs Group Inc. raised its stake in SAP by 6.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,318,908 shares of the software maker’s stock valued at $354,048,000 after purchasing an additional 80,164 shares during the period. Finally, WCM Investment Management LLC raised its stake in SAP by 5.5% during the 1st quarter. WCM Investment Management LLC now owns 1,229,086 shares of the software maker’s stock valued at $329,395,000 after purchasing an additional 63,538 shares during the period.
SAP Trading Up 1.3%
SAP stock opened at $277.26 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $340.61 billion, a price-to-earnings ratio of 45.90, a PEG ratio of 3.94 and a beta of 1.28. SAP SE has a one year low of $223.70 and a one year high of $313.28. The company’s fifty day moving average price is $272.19 and its two-hundred day moving average price is $282.39.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on SAP. Morgan Stanley reaffirmed an “overweight” rating on shares of SAP in a research note on Tuesday, August 5th. Jefferies Financial Group reaffirmed a “buy” rating on shares of SAP in a research note on Tuesday, September 16th. Wall Street Zen downgraded shares of SAP from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SAP in a research note on Wednesday. Finally, JMP Securities upped their price target on shares of SAP from $330.00 to $375.00 and gave the stock a “market outperform” rating in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, SAP has a consensus rating of “Buy” and a consensus target price of $281.67.
Check Out Our Latest Stock Analysis on SAP
SAP Profile
SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.
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