SAP SE (NYSE:SAP)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $85.55 and last traded at $85.34, with a volume of 500,874 shares trading hands. The stock had previously closed at $84.69.

Several equities analysts have issued reports on SAP shares. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of SAP SE in a research note on Thursday, June 30th. Evercore ISI lowered SAP SE from a “buy” rating to a “hold” rating in a research note on Wednesday, June 1st. Zacks Investment Research upgraded SAP SE from a “sell” rating to a “hold” rating in a research note on Monday, March 28th. Barclays PLC restated 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. Finally, Morgan Stanley restated a “buy” rating on shares of SAP SE in a research note on Monday, July 18th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the stock. SAP SE currently has an average rating of “Buy” and a consensus price target of $87.17.

The stock has a market capitalization of $102.18 billion and a PE ratio of 25.96. The company has a 50 day moving average price of $78.19 and a 200-day moving average price of $78.28.

SAP SE (NYSE:SAP) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.13. On average, analysts expect that SAP SE will post $4.29 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of SAP. Pinnacle Associates Ltd. boosted 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 in the last quarter. Weatherly Asset Management L. P. increased its position 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 valued at $1,260,000 after buying an additional 1,105 shares during the last quarter. Freestone Capital Holdings LLC bought a new position in SAP SE during the fourth quarter valued at $1,623,000. Sei Investments Co. increased its position in 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 bought a new position in 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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