Keybank National Association OH lifted its position in SAP SE (NYSE:SAP) by 3.9% in the 4th quarter, HoldingsChannel reports. The fund owned 33,244 shares of the software maker’s stock after acquiring an additional 1,238 shares during the quarter. Keybank National Association OH’s holdings in SAP were worth $3,735,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Icon Advisers Inc. Co. bought a new position in shares of SAP in the 3rd quarter worth approximately $1,502,000. River Road Asset Management LLC bought a new position in shares of SAP in the 3rd quarter worth approximately $255,000. Westwood Management Corp IL raised its position in shares of SAP by 2.1% in the 3rd quarter. Westwood Management Corp IL now owns 207,500 shares of the software maker’s stock worth $22,752,000 after acquiring an additional 4,200 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of SAP by 8.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,107,059 shares of the software maker’s stock worth $121,363,000 after acquiring an additional 83,601 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of SAP in the 3rd quarter worth approximately $33,601,000. 3.65% of the stock is owned by hedge funds and other institutional investors.
SAP SE (NYSE SAP) opened at $104.90 on Friday. SAP SE has a 52-week low of $92.19 and a 52-week high of $116.90. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.18 and a current ratio of 1.17. The firm has a market capitalization of $128,922.10, a P/E ratio of 25.28, a P/E/G ratio of 2.87 and a beta of 1.12.
Several research analysts have recently issued reports on SAP shares. Zacks Investment Research raised SAP from a “hold” rating to a “buy” rating and set a $127.00 target price for the company in a research report on Monday, October 23rd. Argus increased their target price on SAP from $118.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, October 23rd. Oppenheimer reissued a “buy” rating and issued a $120.00 target price on shares of SAP in a research report on Tuesday, November 14th. Desjardins raised SAP to a “buy” rating and set a $49.00 target price for the company in a research report on Thursday, December 28th. Finally, Citigroup reissued a “buy” rating on shares of SAP in a research report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the stock. SAP presently has an average rating of “Buy” and a consensus price target of $104.67.
WARNING: “Keybank National Association OH Increases Stake in SAP SE (SAP)” was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece of content on another site, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.dispatchtribunal.com/2018/02/18/keybank-national-association-oh-increases-stake-in-sap-se-sap.html.
SAP Company Profile
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).
Want to see what other hedge funds are holding SAP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SAP SE (NYSE:SAP).
Receive News & Ratings for SAP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SAP and related companies with MarketBeat.com's FREE daily email newsletter.