Shares of SAP SE (NYSE:SAP) have received an average recommendation of “Buy” from the twenty-two brokerages that are presently covering the company. Nine equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $83.00.

A number of analysts have weighed in on the stock. DZ Bank AG reissued a “buy” rating on shares of SAP SE in a report on Monday, October 24th. Zacks Investment Research raised shares of SAP SE from a “sell” rating to a “hold” rating in a report on Tuesday, July 26th. Jefferies Group reissued a “hold” rating on shares of SAP SE in a report on Thursday, August 4th. BMO Capital Markets increased their target price on shares of SAP SE from $86.00 to $88.00 and gave the stock a “market perform” rating in a report on Monday, October 24th. Finally, Credit Suisse Group AG reissued a “hold” rating and set a $37.00 target price on shares of SAP SE in a report on Wednesday, August 3rd.

A number of large investors have recently modified their holdings of SAP. Prudential Financial Inc. purchased a new stake in SAP SE during the first quarter worth approximately $384,000. UBS Asset Management Americas Inc. raised its stake in SAP SE by 132.4% in the first quarter. UBS Asset Management Americas Inc. now owns 88,012 shares of the company’s stock worth $7,078,000 after buying an additional 50,133 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in SAP SE during the first quarter worth approximately $13,663,000. Royal Bank of Canada raised its stake in SAP SE by 1.6% in the first quarter. Royal Bank of Canada now owns 556,270 shares of the company’s stock worth $44,735,000 after buying an additional 8,906 shares in the last quarter. Finally, Avalon Advisors LLC raised its stake in SAP SE by 100.7% in the first quarter. Avalon Advisors LLC now owns 12,150 shares of the company’s stock worth $977,000 after buying an additional 6,095 shares in the last quarter. 3.51% of the stock is owned by institutional investors.

Shares of SAP SE (NYSE:SAP) opened at 83.22 on Wednesday. The firm has a market cap of $99.70 billion, a PE ratio of 26.64 and a beta of 1.36. SAP SE has a 52 week low of $71.39 and a 52 week high of $92.76. The company has a 50 day moving average of $87.09 and a 200 day moving average of $83.81.

About SAP SE

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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