UBS Asset Management Americas Inc. reduced its position in shares of SAP SE (NYSE:SAP) by 7.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 81,848 shares of the company’s stock after selling 6,164 shares during the period. UBS Asset Management Americas Inc.’s holdings in SAP SE were worth $6,140,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Fisher Asset Management LLC increased its stake in SAP SE by 1.2% in the second quarter. Fisher Asset Management LLC now owns 6,163,293 shares of the company’s stock worth $480,860,000 after buying an additional 72,681 shares during the last quarter. Harding Loevner LP increased its stake in SAP SE by 0.5% in the second quarter. Harding Loevner LP now owns 4,908,075 shares of the company’s stock worth $368,203,000 after buying an additional 25,459 shares during the last quarter. Sustainable Growth Advisers LP increased its stake in SAP SE by 9.1% in the second quarter. Sustainable Growth Advisers LP now owns 1,823,554 shares of the company’s stock worth $136,803,000 after buying an additional 151,625 shares during the last quarter. Neuberger Berman Group LLC increased its stake in SAP SE by 0.4% in the second quarter. Neuberger Berman Group LLC now owns 1,526,991 shares of the company’s stock worth $114,555,000 after buying an additional 6,783 shares during the last quarter. Finally, Emerald Acquisition Ltd. acquired a new stake in SAP SE during the second quarter worth $71,262,000. Institutional investors own 3.51% of the company’s stock.
SAP SE (NYSE:SAP) traded up 0.08% during trading on Wednesday, reaching $91.13. 503,535 shares of the company traded hands. SAP SE has a 12-month low of $63.43 and a 12-month high of $92.76. The firm’s 50 day moving average price is $88.62 and its 200 day moving average price is $81.80. The firm has a market capitalization of $109.19 billion, a price-to-earnings ratio of 27.44 and a beta of 1.40.
SAP SE (NYSE:SAP) last posted its earnings results on Wednesday, July 20th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.13. SAP SE had a net margin of 16.76% and a return on equity of 16.92%. Equities research analysts expect that SAP SE will post $4.37 earnings per share for the current year.
A number of equities research analysts have recently weighed in on SAP shares. Royal Bank Of Canada lifted their price target on shares of SAP SE from $78.00 to $85.00 and gave the company a “sector perform” rating in a research report on Thursday, July 21st. Credit Suisse Group AG reissued an “outperform” rating on shares of SAP SE in a research note on Friday, July 22nd. Barclays PLC reissued an “overweight” rating and issued a $105.00 price objective (down from $108.00) on shares of SAP SE in a research note on Wednesday, July 6th. Deutsche Bank AG reissued a “buy” rating on shares of SAP SE in a research note on Tuesday. Finally, Cowen and Company started coverage on shares of SAP SE in a research note on Thursday, June 23rd. They issued an “outperform” rating and a $93.00 price objective on the stock. Nine research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $82.75.
About SAP SE
SAP SE (SAP), formerly SAP AG, is engaged in business application and analytics software. The Company is also engaged in digital commerce and is an enterprise cloud company. Its segments include Applications, Technology & Services segment, which is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (mainly support services and various professional services and premium support services, as well as implementation services of its software products and education services on the use of its products), and SAP Business Network Segment, which includes a network of networks, which covers sourcing, procurement, and travel and expenses.
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