Mondrian Investment Partners LTD lowered its stake in SAP SE (NYSE:SAP) by 6.9% during the second quarter, Holdings Channel reports. The firm owned 545,143 shares of the software maker’s stock after selling 40,152 shares during the period. SAP SE accounts for 1.6% of Mondrian Investment Partners LTD’s portfolio, making the stock its 19th largest position. Mondrian Investment Partners LTD’s holdings in SAP SE were worth $57,060,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Fisher Asset Management LLC increased its stake in SAP SE by 3.8% in the second quarter. Fisher Asset Management LLC now owns 6,462,281 shares of the software maker’s stock worth $676,407,000 after buying an additional 238,908 shares during the last quarter. Bank of America Corp DE boosted its position in shares of SAP SE by 37.3% in the first quarter. Bank of America Corp DE now owns 2,565,236 shares of the software maker’s stock worth $251,830,000 after buying an additional 696,447 shares during the period. Sustainable Growth Advisers LP boosted its position in shares of SAP SE by 9.1% in the first quarter. Sustainable Growth Advisers LP now owns 2,356,371 shares of the software maker’s stock worth $231,302,000 after buying an additional 195,579 shares during the period. Morgan Stanley boosted its position in shares of SAP SE by 101.2% in the first quarter. Morgan Stanley now owns 1,659,689 shares of the software maker’s stock worth $162,933,000 after buying an additional 834,600 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in shares of SAP SE by 8.4% in the second quarter. Russell Investments Group Ltd. now owns 1,023,458 shares of the software maker’s stock worth $107,133,000 after buying an additional 79,741 shares during the period. Hedge funds and other institutional investors own 3.77% of the company’s stock.

SAP SE (NYSE:SAP) opened at 103.81 on Friday. SAP SE has a 52-week low of $80.93 and a 52-week high of $108.72. The company has a market capitalization of $124.46 billion, a P/E ratio of 30.62 and a beta of 1.12. The stock’s 50 day moving average is $105.23 and its 200-day moving average is $100.32.

SAP SE announced that its Board of Directors has initiated a stock repurchase plan on Thursday, July 20th that allows the company to buyback shares. This buyback authorization allows the software maker to purchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

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A number of research analysts recently issued reports on the stock. BMO Capital Markets lifted their price objective on shares of SAP SE from $105.00 to $110.00 and gave the company a “market perform” rating in a research note on Friday, July 21st. DZ Bank AG reaffirmed a “buy” rating on shares of SAP SE in a research note on Thursday, July 20th. Stifel Nicolaus cut shares of SAP SE from a “hold” rating to a “sell” rating and set a $102.13 target price on the stock. in a research note on Wednesday, April 26th. Zacks Investment Research cut shares of SAP SE from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Finally, BidaskClub cut shares of SAP SE from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Two analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $95.69.

SAP SE Company Profile

SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).

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Institutional Ownership by Quarter for SAP SE (NYSE:SAP)

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