Shares of SAP SE (NYSE:SAP) gapped up before the market opened on Thursday . The stock had previously closed at $77.77, but opened at $78.09. SAP SE shares last traded at $79.03, with a volume of 537,504 shares trading hands.

A number of analysts have commented on SAP shares. Morgan Stanley restated a “buy” rating on shares of SAP SE in a research note on Monday. Jefferies Group lowered 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 previously from $108.00) on shares of SAP SE in a research note on Wednesday, July 6th. Zacks Investment Research upgraded shares of SAP SE from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research note on Monday, April 25th. Finally, Credit Suisse Group AG reiterated a “buy” rating and issued a $90.00 target price (up previously from $85.00) on shares of SAP SE in a research note on Wednesday, June 29th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $86.73.

The firm’s 50 day moving average is $77.89 and its 200 day moving average is $78.11. The company has a market cap of $94.89 billion and a PE ratio of 26.62.

Other institutional investors recently modified their holdings of the company. Sei Investments Co. increased its position 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 last quarter. PNC Financial Services Group Inc. increased its position in shares of SAP SE by 130.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 150,129 shares of the company’s stock valued at $11,875,000 after buying an additional 84,924 shares during the last quarter. Quantitative Investment Management LLC bought a new position in shares of SAP SE during the fourth quarter valued at $3,282,000. Pinnacle Associates Ltd. increased its position 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 valued at $1,092,000 after buying an additional 208 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of SAP SE during the fourth quarter valued at $2,212,000.

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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