Vanguard Personalized Indexing Management LLC Sells 2,524 Shares of SAP SE $SAP

Vanguard Personalized Indexing Management LLC lessened its holdings in shares of SAP SE (NYSE:SAP) by 4.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 56,972 shares of the software maker’s stock after selling 2,524 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in SAP were worth $15,226,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. First PREMIER Bank acquired a new stake in shares of SAP in the third quarter worth $25,000. Retirement Wealth Solutions LLC boosted its holdings in SAP by 246.4% in the 3rd quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker’s stock valued at $26,000 after purchasing an additional 69 shares during the period. Copia Wealth Management bought a new stake in SAP in the 3rd quarter valued at $28,000. Vermillion Wealth Management Inc. acquired a new stake in SAP in the 2nd quarter worth $31,000. Finally, Albion Financial Group UT increased its holdings in shares of SAP by 56.8% during the 3rd quarter. Albion Financial Group UT now owns 127 shares of the software maker’s stock worth $34,000 after purchasing an additional 46 shares during the period.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SAP. KeyCorp reiterated an “overweight” rating on shares of SAP in a research note on Thursday, October 23rd. Argus reissued a “buy” rating and set a $320.00 price objective on shares of SAP in a report on Friday, October 24th. Barclays boosted their price objective on SAP from $322.00 to $348.00 and gave the company an “overweight” rating in a research report on Friday, October 24th. JMP Securities reaffirmed a “market outperform” rating and issued a $375.00 target price on shares of SAP in a research report on Thursday, October 23rd. Finally, Wall Street Zen cut shares of SAP from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, SAP currently has an average rating of “Buy” and an average target price of $280.20.

SAP Stock Up 2.0%

SAP opened at $230.92 on Monday. The firm has a market cap of $283.87 billion, a price-to-earnings ratio of 34.57, a PEG ratio of 2.75 and a beta of 1.18. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.10 and a current ratio of 1.11. The firm’s 50-day simple moving average is $240.90 and its 200-day simple moving average is $262.47. SAP SE has a twelve month low of $220.89 and a twelve month high of $313.28.

SAP Company Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.