SAP SE (NYSE:SAP) shares gapped up prior to trading 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 research analysts recently commented on the company. Evercore ISI cut SAP SE from a “buy” rating to a “hold” rating in a research note on Wednesday, June 1st. Citigroup Inc. restated a “buy” rating on shares of SAP SE in a research report on Thursday, April 21st. Berenberg Bank upgraded shares of SAP SE from a “hold” rating to a “buy” rating in a research report on Tuesday, April 12th. Credit Suisse Group AG restated a “hold” rating on shares of SAP SE in a research report on Friday, June 3rd. Finally, Zacks Investment Research lowered shares of SAP SE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 15th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $86.73.

The firm has a market capitalization of $94.61 billion and a price-to-earnings ratio of 26.55. The firm’s 50-day moving average price is $77.83 and its 200 day moving average price is $78.10.

A number of institutional investors have recently modified their holdings of SAP. 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. Weatherly Asset Management L. P. increased its position 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 last quarter. Freestone Capital Holdings LLC purchased a new position in shares of SAP SE during the fourth quarter valued at approximately $1,623,000. 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. Finally, GSA Capital Partners LLP purchased a new position in shares of SAP SE during the fourth quarter valued at approximately $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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