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

Several equities research analysts have recently weighed in on SAP shares. Berenberg Bank reissued a “buy” rating on shares of SAP SE in a research note on Tuesday, July 5th. Oppenheimer Holdings Inc. reissued a “buy” rating on shares of SAP SE in a research note on Thursday, June 30th. Credit Suisse Group AG reissued a “buy” rating and set a $90.00 price objective (up from $85.00) on shares of SAP SE in a research note on Wednesday, June 29th. Zacks Investment Research raised SAP SE from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research note on Monday, April 25th. Finally, Citigroup Inc. reissued a “buy” rating on shares of SAP SE in a research note on Thursday, April 21st. Nine investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $82.75.

The firm’s 50-day moving average is $82.20 and its 200-day moving average is $79.25. The company has a market cap of $105.13 billion and a P/E ratio of 26.35.

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

A hedge fund recently raised its stake in SAP SE stock. Dimensional Fund Advisors LP boosted its position in shares of SAP SE (NYSE:SAP) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

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's FREE daily email newsletter.