24,996 Shares of SAP SE $SAP Purchased by Calamos Wealth Management LLC

Calamos Wealth Management LLC bought a new position in SAP SE (NYSE:SAP) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 24,996 shares of the software maker’s stock, valued at approximately $5,211,000.

A number of other institutional investors have also recently made changes to their positions in the company. Calamos Advisors LLC bought a new stake in shares of SAP in the 3rd quarter worth $237,000. Legacies Wealth LLC purchased a new stake in shares of SAP during the 3rd quarter valued at about $56,000. Argonautica Private Wealth Management Inc. grew its stake in shares of SAP by 7.5% in the third quarter. Argonautica Private Wealth Management Inc. now owns 4,701 shares of the software maker’s stock worth $980,000 after acquiring an additional 329 shares during the period. Monte Financial Group LLC bought a new stake in shares of SAP in the third quarter worth approximately $3,434,000. Finally, Kestra Advisory Services LLC raised its holdings in shares of SAP by 30.9% during the third quarter. Kestra Advisory Services LLC now owns 7,286 shares of the software maker’s stock valued at $1,519,000 after purchasing an additional 1,721 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Oppenheimer restated a “market perform” rating on shares of SAP in a research report on Friday, July 24th. TD Cowen reaffirmed a “buy” rating on shares of SAP in a research report on Thursday, October 15th. Argus set a $265.00 target price on shares of SAP in a research note on Thursday, September 10th. Barclays increased their price target on SAP from $243.00 to $288.00 and gave the company an “overweight” rating in a report on Friday, October 23rd. Finally, UBS Group downgraded SAP from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, SAP has a consensus rating of “Moderate Buy” and a consensus target price of $258.83.

SAP Stock Performance

Shares of SAP stock traded down $9.96 on Friday, hitting $233.57. 2,404,305 shares of the company’s stock were exchanged, compared to its average volume of 2,498,104. SAP SE has a 1 year low of $144.97 and a 1 year high of $255.90. The company has a 50-day simple moving average of $219.81 and a 200-day simple moving average of $192.43. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market capitalization of $286.94 billion, a PE ratio of 28.52, a PEG ratio of 2.82 and a beta of 1.11.

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