Norden Group LLC reduced its stake in shares of SAP SE (NYSE:SAP – Free Report) by 5.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,539 shares of the software maker’s stock after selling 189 shares during the period. Norden Group LLC’s holdings in SAP were worth $714,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of SAP. Northwest Investment Counselors LLC purchased a new stake in SAP in the first quarter worth $25,000. LRI Investments LLC bought a new position in shares of SAP during the 1st quarter worth $25,000. POM Investment Strategies LLC increased its holdings in SAP by 892.3% in the 2nd quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock worth $26,000 after acquiring an additional 116 shares during the last quarter. Crewe Advisors LLC increased its holdings in SAP by 1,270.0% in the 2nd quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock worth $28,000 after acquiring an additional 127 shares during the last quarter. Finally, Sunbelt Securities Inc. bought a new stake in SAP in the 1st quarter valued at about $29,000.
SAP Trading Down 0.6 %
NYSE:SAP opened at $211.33 on Friday. SAP SE has a 52-week low of $126.75 and a 52-week high of $221.24. The stock has a fifty day moving average of $208.92 and a 200 day moving average of $196.19. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12 and a quick ratio of 1.12.
Analyst Ratings Changes
A number of brokerages have weighed in on SAP. TD Cowen increased their target price on shares of SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a research report on Tuesday, July 23rd. BMO Capital Markets lifted their price objective on shares of SAP from $237.00 to $248.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. Barclays increased their target price on SAP from $217.00 to $251.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 13th. Sanford C. Bernstein started coverage on SAP in a research report on Thursday, May 23rd. They issued an “outperform” rating and a $227.00 price target for the company. Finally, Argus upgraded SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, SAP has an average rating of “Moderate Buy” and a consensus price target of $232.00.
View Our Latest Analysis on SAP
About SAP
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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