SAP SE (NYSE:SAP)‘s stock had its “buy” rating reissued by analysts at DZ Bank AG in a research note issued to investors on Wednesday.

A number of other research analysts have also issued reports on the stock. Morgan Stanley restated a “buy” rating on shares of SAP SE in a research report on Monday, July 11th. Barclays PLC restated an “overweight” rating and set a $105.00 target price (down previously from $108.00) on shares of SAP SE in a research report on Wednesday, July 6th. Royal Bank Of Canada increased their target price on shares of SAP SE to $95.00 and gave the stock a “sector perform” rating in a research report on Friday, September 30th. Zacks Investment Research upgraded shares of SAP SE from a “sell” rating to a “hold” rating in a research report on Tuesday, July 26th. Finally, RBC Capital Markets restated a “sector perform” rating and set a $85.00 target price (up previously from $78.00) on shares of SAP SE in a research report on Sunday, July 24th. Nine research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $84.42.

Analyst Recommendations for SAP SE (NYSE:SAP)

SAP SE (NYSE:SAP) traded down 1.61% on Wednesday, reaching $87.18. 364,795 shares of the company traded hands. SAP SE has a 52-week low of $71.39 and a 52-week high of $92.76. The stock has a 50-day moving average of $89.39 and a 200 day moving average of $82.57. The company has a market capitalization of $104.46 billion, a PE ratio of 26.28 and a beta of 1.43.

SAP SE (NYSE:SAP) last announced its quarterly earnings results on Wednesday, July 20th. The company reported $0.90 EPS for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.13. SAP SE had a net margin of 16.76% and a return on equity of 16.92%. On average, equities analysts forecast that SAP SE will post $4.37 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. Fisher Asset Management LLC increased its position in SAP SE by 1.2% in the second quarter. Fisher Asset Management LLC now owns 6,163,293 shares of the company’s stock valued at $480,860,000 after buying an additional 72,681 shares during the last quarter. Harding Loevner LP increased its position in SAP SE by 4.0% in the third quarter. Harding Loevner LP now owns 5,104,602 shares of the company’s stock valued at $466,612,000 after buying an additional 196,527 shares during the last quarter. Scharf Investments LLC increased its position in SAP SE by 8.0% in the second quarter. Scharf Investments LLC now owns 1,913,609 shares of the company’s stock valued at $143,559,000 after buying an additional 140,985 shares during the last quarter. Sustainable Growth Advisers LP increased its position in SAP SE by 9.1% in the second quarter. Sustainable Growth Advisers LP now owns 1,823,554 shares of the company’s stock valued at $136,803,000 after buying an additional 151,625 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its position in SAP SE by 0.4% in the second quarter. Neuberger Berman Group LLC now owns 1,526,991 shares of the company’s stock valued at $114,555,000 after buying an additional 6,783 shares during the last quarter. 3.51% of the stock is owned by hedge funds and other institutional investors.

SAP SE Company Profile

SAP SE (SAP), formerly SAP AG, is engaged in business application and analytics software. The Company is also engaged in digital commerce and is an enterprise cloud company. Its segments include Applications, Technology & Services segment, which is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (mainly support services and various professional services and premium support services, as well as implementation services of its software products and education services on the use of its products), and SAP Business Network Segment, which includes a network of networks, which covers sourcing, procurement, and travel and expenses.

5 Day Chart for NYSE:SAP

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