SAP SE (NYSE:SAP) gapped down before the market opened on Monday . The stock had previously closed at $75.65, but opened at $76.60. SAP SE shares last traded at $77.95, with a volume of 739,136 shares changing hands.

Several brokerages recently issued reports on SAP. Morgan Stanley reiterated a “buy” rating on shares of SAP SE in a research note on Monday. Barclays PLC reiterated an “overweight” rating and set a $105.00 price target (down previously from $108.00) on shares of SAP SE in a research note on Wednesday, July 6th. Berenberg Bank reiterated a “buy” rating on shares of SAP SE in a research note on Tuesday, July 5th. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of SAP SE in a research note on Thursday, June 30th. Finally, Credit Suisse Group AG reiterated a “buy” rating and set a $90.00 price target (up previously from $85.00) on shares of SAP SE in a research note on Wednesday, June 29th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the stock. SAP SE has an average rating of “Buy” and an average target price of $86.73.

The stock has a market capitalization of $93.47 billion and a price-to-earnings ratio of 26.23. The company has a 50-day moving average of $77.96 and a 200-day moving average of $78.10.

Other institutional investors have recently bought and sold shares of the company. Pinnacle Associates Ltd. raised its position in 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. Dimensional Fund Advisors LP increased its stake 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. Weatherly Asset Management L. P. increased its stake in SAP SE by 7.4% in the fourth quarter. Weatherly Asset Management L. P. now owns 15,940 shares of the company’s stock worth $1,260,000 after buying an additional 1,105 shares during the last quarter. Profund Advisors LLC increased its stake in SAP SE by 16.7% in the fourth quarter. Profund Advisors LLC now owns 21,217 shares of the company’s stock worth $1,678,000 after buying an additional 3,038 shares during the last quarter. Finally, Bank of Montreal Can increased its stake 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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