Shares of SAP SE (NYSE:SAP) gapped up before the market opened on Wednesday . The stock had previously closed at $85.25, but opened at $85.33. SAP SE shares last traded at $85.77, with a volume of 690,403 shares.

SAP has been the subject of several recent analyst reports. Royal Bank Of Canada boosted their price objective on shares of SAP SE from $78.00 to $85.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 21st. Credit Suisse Group AG restated an “outperform” rating on shares of SAP SE in a research report on Friday, July 22nd. Barclays PLC restated an “overweight” rating and set a $105.00 price objective (down previously from $108.00) on shares of SAP SE in a research report on Wednesday, July 6th. Cowen and Company initiated coverage on shares of SAP SE in a research report on Thursday, June 23rd. They set an “outperform” rating and a $93.00 price objective for the company. Finally, Zacks Investment Research upgraded shares of SAP SE from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research report on Monday, April 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $87.17.

The firm has a 50-day moving average price of $78.43 and a 200-day moving average price of $78.40. The company has a market cap of $103.21 billion and a price-to-earnings ratio of 26.23.

SAP SE (NYSE:SAP) last released its earnings results on Wednesday, July 20th. The company reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.13. Equities analysts predict that SAP SE will post $4.31 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in shares of SAP SE by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 109,536 shares of the company’s stock valued at $8,664,000 after buying an additional 747 shares during the period. Bank of Montreal Can boosted its position in shares of SAP SE by 7.2% in the fourth quarter. Bank of Montreal Can now owns 77,966 shares of the company’s stock valued at $6,168,000 after buying an additional 5,203 shares during the period. Suntrust Banks Inc. boosted its position in shares of SAP SE by 202.5% in the fourth quarter. Suntrust Banks Inc. now owns 62,633 shares of the company’s stock valued at $4,952,000 after buying an additional 41,931 shares during the period. Aberdeen Asset Management PLC UK purchased a new position in shares of SAP SE during the fourth quarter valued at about $4,721,000. Finally, GSA Capital Partners LLP purchased a new position in shares of SAP SE during the fourth quarter valued at about $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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