Abbrea Capital LLC held its position in SAP SE (NYSE:SAP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,760 shares of the software maker’s stock at the end of the second quarter. Abbrea Capital LLC’s holdings in SAP SE were worth $812,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Morgan Stanley raised its position in SAP SE by 101.2% in the first quarter. Morgan Stanley now owns 1,659,689 shares of the software maker’s stock valued at $162,933,000 after buying an additional 834,600 shares during the last quarter. Bank of America Corp DE raised its position in 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 valued at $251,830,000 after buying an additional 696,447 shares during the last quarter. Harbour Capital Advisors LLC raised its position in SAP SE by 10,198.2% in the second quarter. Harbour Capital Advisors LLC now owns 478,865 shares of the software maker’s stock valued at $4,575,000 after buying an additional 474,215 shares during the last quarter. Russell Investments Group Ltd. raised its position in SAP SE by 42.9% in the first quarter. Russell Investments Group Ltd. now owns 943,717 shares of the software maker’s stock valued at $92,649,000 after buying an additional 283,230 shares during the last quarter. Finally, Karp Capital Management Corp purchased a new position in SAP SE during the first quarter valued at $25,030,000. 3.77% of the stock is currently owned by institutional investors and hedge funds.

SAP SE (SAP) opened at 104.46 on Friday. The firm has a 50 day moving average of $105.15 and a 200 day moving average of $100.42. SAP SE has a 12-month low of $80.93 and a 12-month high of $108.72. The firm has a market capitalization of $125.24 billion, a P/E ratio of 30.81 and a beta of 1.12.

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. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

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SAP has been the topic of several recent analyst reports. DZ Bank AG reissued a “buy” rating on shares of SAP SE in a research note on Wednesday, June 28th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of SAP SE in a research note on Monday, June 26th. Stifel Nicolaus lowered shares of SAP SE from a “hold” rating to a “sell” rating and set a $102.13 price target on the stock. in a research note on Wednesday, April 26th. William Blair cut their price target on shares of SAP SE from $70.00 to $68.00 and set a “buy” rating on the stock in a research note on Monday, April 17th. Finally, Zacks Investment Research lowered shares of SAP SE from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $95.69.

About SAP SE

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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