Shares of SAP SE (NYSE:SAP) 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.

Several research firms have recently issued reports on SAP. BMO Capital Markets upped their target price on shares of SAP SE from $84.00 to $86.00 and gave the stock a “market perform” rating in a research note on Thursday, April 21st. Royal Bank Of Canada upped their target price on shares of SAP SE from $78.00 to $85.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 21st. Zacks Investment Research downgraded shares of SAP SE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 15th. DZ Bank AG reissued a “buy” rating on shares of SAP SE in a report on Wednesday, July 20th. Finally, Evercore ISI downgraded shares of SAP SE from a “buy” rating to a “hold” rating in a report on Wednesday, June 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $87.17.

The company has a market cap of $104.71 billion and a P/E ratio of 26.71. The firm has a 50-day moving average of $78.76 and a 200-day moving average of $78.52.

SAP SE (NYSE:SAP) last released its quarterly earnings data on Wednesday, July 20th. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.78 by $0.13. On average, equities analysts anticipate that SAP SE will post $4.34 EPS for the current year.

A number of large investors have added to or reduced their stakes in the company. Freestone Capital Holdings LLC acquired a new stake in SAP SE during the fourth quarter valued at approximately $1,623,000. Sei Investments Co. increased its stake 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. Aberdeen Asset Management PLC UK acquired a new stake in SAP SE during the fourth quarter valued at approximately $4,721,000. Suntrust Banks Inc. increased its stake in 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 last quarter. Finally, Bank of Montreal Can increased its stake in 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 last quarter.

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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