SAP SE (NYSE:SAP) shares gapped up prior to trading on Friday . The stock had previously closed at $73.52, but opened at $74.59. SAP SE shares last traded at $76.41, with a volume of 738,707 shares trading hands.

SAP has been the topic of a number of research analyst reports. Societe Generale reiterated a “neutral” rating on shares of SAP SE in a research note on Friday, March 11th. Jefferies Group cut shares of SAP SE from a “hold” rating to an “underperform” rating in a research note on Monday, June 13th. Barclays PLC reiterated an “overweight” rating and issued a $105.00 target price (down from $108.00) on shares of SAP SE in a research note on Wednesday. Zacks Investment Research upgraded shares of SAP SE from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research note on Monday, April 25th. Finally, Berenberg Bank reiterated a “buy” rating on shares of SAP SE in a research note on Tuesday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $86.73.

The company has a market cap of $91.77 billion and a PE ratio of 25.59. The company has a 50-day moving average price of $77.95 and a 200 day moving average price of $78.13.

Several hedge funds recently made changes to their positions in SAP. Pinnacle Associates Ltd. raised its stake in shares of SAP SE by 1.5% in the fourth quarter. Pinnacle Associates Ltd. now owns 13,802 shares of the company’s stock worth $1,092,000 after buying an additional 208 shares in the last quarter. Weatherly Asset Management L. P. raised its stake in shares of SAP SE by 7.4% in the fourth quarter. Weatherly Asset Management L. P. now owns 15,940 shares of the company’s stock valued at $1,260,000 after buying an additional 1,105 shares during the period. Freestone Capital Holdings LLC acquired a new stake in shares of SAP SE during the fourth quarter valued at about $1,623,000. Profund Advisors LLC raised its stake in shares of SAP SE by 16.7% in the fourth quarter. Profund Advisors LLC now owns 21,217 shares of the company’s stock valued at $1,678,000 after buying an additional 3,038 shares during the period. Finally, Sei Investments Co. raised its stake in shares of SAP SE by 89.7% in the fourth quarter. Sei Investments Co. now owns 24,087 shares of the company’s stock valued at $1,905,000 after buying an additional 11,392 shares during the period.

SAP SE, formerly SAP AG, is a provider of application and analytics software for enterprises in mobile enterprise management. SAP is an enterprise cloud company. As of December 31, 2014, the Company has more than 282,000 customers in over 180 countries. The Company offers solutions-based on its SAP HANA platform.

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