Shares of SAP SE (NYSE:SAP) gapped up before the market opened 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 traded.

SAP has been the subject of a number of recent analyst reports. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of SAP SE in a report on Thursday, June 30th. Evercore ISI downgraded SAP SE from a “buy” rating to a “hold” rating in a report on Wednesday, June 1st. Zacks Investment Research upgraded SAP SE from a “sell” rating to a “hold” rating in a report on Monday, March 28th. Jefferies Group downgraded SAP SE from a “hold” rating to an “underperform” rating in a research note on Monday, June 13th. Finally, Citigroup Inc. restated a “buy” rating on shares of SAP SE in a research note on Thursday, April 21st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $86.73.

The stock has a market cap of $91.77 billion and a PE ratio of 25.75. The company has a 50-day moving average of $77.95 and a 200-day moving average of $78.13.

Several institutional investors have recently modified their holdings of SAP. First Trust Advisors LP increased its position in shares of SAP SE by 8.4% in the fourth quarter. First Trust Advisors LP now owns 284,875 shares of the company’s stock valued at $22,534,000 after buying an additional 22,084 shares during the period. PNC Financial Services Group Inc. increased its position in SAP SE by 130.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 150,129 shares of the company’s stock worth $11,875,000 after buying an additional 84,924 shares during the last quarter. Dimensional Fund Advisors LP increased its position in SAP SE by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 109,536 shares of the company’s stock worth $8,664,000 after buying an additional 747 shares during the last quarter. Comerica Bank increased its position in SAP SE by 13.4% in the fourth quarter. Comerica Bank now owns 105,850 shares of the company’s stock worth $8,140,000 after buying an additional 12,480 shares during the last quarter. Finally, Bank of Montreal Can increased its position in SAP SE by 7.2% in the fourth quarter. Bank of Montreal Can now owns 77,966 shares of the company’s stock worth $6,168,000 after buying an additional 5,203 shares during the last quarter.

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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