SAP SE (NYSE:SAP)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $86.04, but opened at $86.15. SAP SE shares last traded at $86.61, with a volume of 1,231,940 shares traded.

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

The firm’s 50-day moving average price is $78.57 and its 200-day moving average price is $78.46. The company has a market cap of $103.67 billion and a P/E ratio of 26.34.

SAP SE (NYSE:SAP) last announced its quarterly earnings results on Wednesday, July 20th. The company reported $0.90 EPS for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.13. Equities research analysts forecast that SAP SE will post $4.31 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the company. Pinnacle Associates Ltd. increased its stake 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. Freestone Capital Holdings LLC purchased a new stake in shares of SAP SE during the fourth quarter valued at about $1,623,000. Sei Investments Co. increased its stake 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. GSA Capital Partners LLP purchased a new stake in shares of SAP SE during the fourth quarter valued at about $2,212,000. Finally, Aberdeen Asset Management PLC UK purchased a new stake in shares of SAP SE during the fourth quarter valued at about $4,721,000.

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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