SAP SE’s (SAP) “Neutral” Rating Reaffirmed at Jefferies Group LLC
SAP SE (NYSE:SAP)‘s stock had its “neutral” rating reiterated by Jefferies Group LLC in a note issued to investors on Tuesday.
A number of other equities analysts have also recently weighed in on SAP. DZ Bank AG reiterated a “buy” rating on shares of SAP SE in a report on Thursday, December 29th. Royal Bank of Canada lowered their price target on SAP SE from $95.00 to $91.00 and set a “sector perform” rating for the company in a report on Friday, January 6th. Wells Fargo & Co initiated coverage on SAP SE in a report on Wednesday, January 11th. They set an “outperform” rating for the company. JMP Securities increased their price target on SAP SE from $93.00 to $95.00 and gave the stock a “mkt outperform” rating in a report on Wednesday, January 11th. Finally, Barclays PLC reiterated a “buy” rating on shares of SAP SE in a report on Tuesday, January 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company. SAP SE currently has an average rating of “Buy” and a consensus price target of $91.56.
SAP SE (NYSE:SAP) opened at 98.11 on Tuesday. SAP SE has a one year low of $71.39 and a one year high of $98.18. The firm has a 50-day moving average of $93.35 and a 200-day moving average of $88.78. The company has a market capitalization of $117.60 billion, a P/E ratio of 30.60 and a beta of 1.26.
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A number of institutional investors have recently made changes to their positions in SAP. Sustainable Growth Advisers LP boosted its position in shares of SAP SE by 22.8% in the third quarter. Sustainable Growth Advisers LP now owns 2,239,266 shares of the company’s stock worth $204,691,000 after buying an additional 415,712 shares during the period. Scharf Investments LLC purchased a new position in shares of SAP SE during the fourth quarter worth approximately $147,785,000. Emerald Acquisition Ltd. boosted its position in shares of SAP SE by 2.7% in the third quarter. Emerald Acquisition Ltd. now owns 976,344 shares of the company’s stock worth $89,209,000 after buying an additional 26,053 shares during the period. Wells Fargo & Company MN boosted its position in shares of SAP SE by 23.0% in the third quarter. Wells Fargo & Company MN now owns 795,168 shares of the company’s stock worth $72,686,000 after buying an additional 148,771 shares during the period. Finally, Russell Investments Group Ltd. purchased a new position in shares of SAP SE during the fourth quarter worth approximately $57,096,000. Institutional investors own 3.61% of the company’s stock.
About SAP SE
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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