Texan Capital Management cut its position in shares of SAP SE (NYSE:SAP) by 17.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,997 shares of the software maker’s stock after selling 3,678 shares during the period. Texan Capital Management’s holdings in SAP SE were worth $1,780,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. State Street Corp increased its stake in SAP SE by 10.3% in the fourth quarter. State Street Corp now owns 195,109 shares of the software maker’s stock worth $16,863,000 after buying an additional 18,256 shares in the last quarter. Lincluden Management Ltd. increased its stake in SAP SE by 12.7% in the fourth quarter. Lincluden Management Ltd. now owns 105,123 shares of the software maker’s stock worth $9,086,000 after buying an additional 11,840 shares in the last quarter. HighPoint Advisor Group LLC increased its stake in SAP SE by 3.0% in the fourth quarter. HighPoint Advisor Group LLC now owns 3,057 shares of the software maker’s stock worth $289,000 after buying an additional 88 shares in the last quarter. Cardinal Capital Management Inc. increased its stake in SAP SE by 5.4% in the first quarter. Cardinal Capital Management Inc. now owns 47,630 shares of the software maker’s stock worth $4,676,000 after buying an additional 2,460 shares in the last quarter. Finally, Harding Loevner LP increased its stake in SAP SE by 7.0% in the first quarter. Harding Loevner LP now owns 5,531,732 shares of the software maker’s stock worth $543,050,000 after buying an additional 362,267 shares in the last quarter. 3.77% of the stock is currently owned by institutional investors and hedge funds.

Shares of SAP SE (NYSE SAP) opened at 106.60 on Tuesday. The company has a 50-day moving average price of $105.10 and a 200-day moving average price of $99.70. The firm has a market capitalization of $127.80 billion, a P/E ratio of 31.94 and a beta of 1.12. SAP SE has a 12-month low of $80.93 and a 12-month high of $108.72.

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

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A number of analysts recently issued reports on SAP shares. Royal Bank Of Canada reaffirmed a “neutral” rating on shares of SAP SE in a research report on Thursday, April 13th. Morgan Stanley reissued a “buy” rating on shares of SAP SE in a research report on Thursday, April 13th. William Blair reissued a “market perform” rating on shares of SAP SE in a research report on Friday, April 14th. BMO Capital Markets reduced their price objective on SAP SE from $105.00 to $95.00 and set a “market perform” rating for the company in a report on Wednesday, April 26th. Finally, Stifel Nicolaus cut SAP SE from a “hold” rating to a “sell” rating and set a $102.13 price objective for the company. in a report on Wednesday, April 26th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company. SAP SE currently has a consensus rating of “Buy” and an average price target of $95.69.

SAP SE Company Profile

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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