Crossmark Global Holdings Inc. increased its holdings in shares of SAP SE (NYSE:SAP) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,974 shares of the software maker’s stock after purchasing an additional 1,558 shares during the period. Crossmark Global Holdings Inc.’s holdings in SAP were worth $11,907,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in the company. New York State Common Retirement Fund raised its stake in shares of SAP by 54.6% during the 2nd quarter. New York State Common Retirement Fund now owns 29,320 shares of the software maker’s stock worth $3,069,000 after purchasing an additional 10,349 shares in the last quarter. FMR LLC increased its holdings in shares of SAP by 6,475.0% during the 2nd quarter. FMR LLC now owns 396,409 shares of the software maker’s stock worth $41,493,000 after acquiring an additional 390,380 shares during the last quarter. First Allied Advisory Services Inc. acquired a new position in shares of SAP during the 2nd quarter worth approximately $254,000. Shelton Capital Management acquired a new position in shares of SAP during the 2nd quarter worth approximately $384,000. Finally, State Street Corp increased its holdings in shares of SAP by 2.3% during the 2nd quarter. State Street Corp now owns 204,794 shares of the software maker’s stock worth $21,436,000 after acquiring an additional 4,622 shares during the last quarter. Institutional investors and hedge funds own 3.65% of the company’s stock.
A number of research analysts have commented on SAP shares. Zacks Investment Research lowered SAP from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Morgan Stanley lowered SAP from an “overweight” rating to an “equal weight” rating in a report on Thursday, January 11th. Oppenheimer reissued a “buy” rating and set a $120.00 target price on shares of SAP in a report on Tuesday, November 14th. Desjardins raised SAP to a “buy” rating and set a $49.00 target price on the stock in a report on Thursday, December 28th. Finally, BMO Capital Markets reissued a “hold” rating and set a $116.00 target price on shares of SAP in a report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $104.67.
Shares of SAP SE (SAP) traded down $0.14 during mid-day trading on Tuesday, hitting $102.61. The stock had a trading volume of 437,922 shares, compared to its average volume of 1,331,532. SAP SE has a 12 month low of $91.39 and a 12 month high of $116.90. The firm has a market capitalization of $125,750.00, a PE ratio of 24.91, a price-to-earnings-growth ratio of 2.79 and a beta of 1.11. The company has a current ratio of 1.17, a quick ratio of 1.18 and a debt-to-equity ratio of 0.20.
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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).
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