SAP SE (NYSE:SAP) hit a new 52-week high during trading on Monday . The stock traded as high as $88.17 and last traded at $88.08, with a volume of 305,003 shares trading hands. The stock had previously closed at $87.53.

Several brokerages have issued reports on SAP. Evercore ISI downgraded SAP SE from a “buy” rating to a “hold” rating in a research report on Wednesday, June 1st. Jefferies Group reaffirmed a “hold” rating on shares of SAP SE in a research report on Thursday, August 4th. Zacks Investment Research raised SAP SE from a “sell” rating to a “hold” rating in a research report on Tuesday, July 26th. Citigroup Inc. reaffirmed a “buy” rating on shares of SAP SE in a research report on Thursday, April 21st. Finally, Credit Suisse Group AG reaffirmed a “hold” rating on shares of SAP SE in a research report on Friday, June 3rd. Nine equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $82.75.

The firm’s 50 day moving average is $81.35 and its 200-day moving average is $79.12. The stock has a market cap of $105.44 billion and a price-to-earnings ratio of 26.66.

SAP SE (NYSE:SAP) last released its quarterly earnings data on Wednesday, July 20th. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.78 by $0.13. Equities analysts anticipate that SAP SE will post $4.36 earnings per share for the current year.

An institutional investor recently raised its position in SAP SE stock. Dimensional Fund Advisors LP increased its position in SAP SE (NYSE:SAP) by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,536 shares of the company’s stock after buying an additional 747 shares during the period. Dimensional Fund Advisors LP’s holdings in SAP SE were worth $8,664,000 at the end of the most recent reporting period.

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.

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