Bluestein R H & Co. maintained its stake in shares of SAP SE (NYSE:SAP) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,000 shares of the software maker’s stock at the end of the 2nd quarter. Bluestein R H & Co.’s holdings in SAP SE were worth $523,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. GQG Partners LLC grew its stake in shares of SAP SE by 69.8% during the 2nd quarter. GQG Partners LLC now owns 237,828 shares of the software maker’s stock valued at $24,893,000 after buying an additional 97,758 shares during the period. Mariner Wealth Advisors LLC grew its stake in shares of SAP SE by 2.2% during the 2nd quarter. Mariner Wealth Advisors LLC now owns 8,415 shares of the software maker’s stock valued at $881,000 after buying an additional 179 shares during the period. MML Investors Services LLC grew its stake in shares of SAP SE by 9.1% during the 2nd quarter. MML Investors Services LLC now owns 4,460 shares of the software maker’s stock valued at $467,000 after buying an additional 372 shares during the period. FMR LLC grew its stake in shares of SAP SE by 6,475.0% during the 2nd quarter. FMR LLC now owns 396,409 shares of the software maker’s stock valued at $41,493,000 after buying an additional 390,380 shares during the period. Finally, Northern Trust Corp grew its stake in shares of SAP SE by 2.0% during the 2nd quarter. Northern Trust Corp now owns 1,476,441 shares of the software maker’s stock valued at $154,540,000 after buying an additional 29,555 shares during the period. 3.56% of the stock is owned by institutional investors.

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Shares of SAP SE (NYSE SAP) opened at 110.27 on Friday. The stock has a market capitalization of $132.20 billion, a PE ratio of 31.97 and a beta of 1.12. SAP SE has a 12 month low of $80.93 and a 12 month high of $110.67. The company’s 50-day moving average is $106.54 and its 200-day moving average is $103.24.

SAP SE declared that its board has authorized a share repurchase plan on Thursday, July 20th that allows the company to buyback outstanding shares. This buyback authorization allows the software maker to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.

Several analysts have recently issued reports on SAP shares. Zacks Investment Research cut shares of SAP SE from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. 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) reissued a “buy” rating on shares of SAP SE in a research note on Monday, June 26th. BidaskClub cut shares of SAP SE from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Finally, Royal Bank Of Canada boosted their price objective on shares of SAP SE from $102.00 to $106.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $94.84.

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).

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

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