SAP SE (NYSE:SAP) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $87.87 and last traded at $87.24, with a volume of 852,732 shares. The stock had previously closed at $85.87.

Several research analysts have commented on the stock. Jefferies Group reissued a “hold” rating on shares of SAP SE in a research note on Thursday, August 4th. Credit Suisse Group AG reissued a “hold” rating and set a $37.00 price target on shares of SAP SE in a research note on Wednesday, August 3rd. Zacks Investment Research raised shares of SAP SE from a “sell” rating to a “hold” rating in a research note on Tuesday, July 26th. RBC Capital Markets reissued a “sector perform” rating and set a $85.00 price target (up from $78.00) on shares of SAP SE in a research note on Sunday, July 24th. Finally, Citigroup Inc. reissued a “buy” rating on shares of SAP SE in a research note on Thursday, July 21st. Nine investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $82.75.

The company’s 50 day moving average price is $80.41 and its 200 day moving average price is $78.86. The firm has a market cap of $104.44 billion and a PE ratio of 26.29.

SAP SE (NYSE:SAP) last released its quarterly earnings results on Wednesday, July 20th. The company reported $0.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.13. On average, equities analysts forecast that SAP SE will post $4.33 earnings per share for the current year.

Other hedge funds recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in 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 last quarter. Suntrust Banks Inc. raised 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, Aberdeen Asset Management PLC UK bought a new stake in SAP SE during the fourth quarter valued at $4,721,000.

SAP SE (SAP), formerly SAP AG, is engaged in business application and analytics software. The Company is also engaged in digital commerce and is an enterprise cloud company. Its segments include Applications, Technology & Services segment, which is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (mainly support services and various professional services and premium support services, as well as implementation services of its software products and education services on the use of its products), and SAP Business Network Segment, which includes a network of networks, which covers sourcing, procurement, and travel and expenses.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.