SAP SE (SAP) Shares Bought by Sustainable Growth Advisers LP
Sustainable Growth Advisers LP increased its position in shares of SAP SE (NYSE:SAP) by 8.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,567,035 shares of the software maker’s stock after buying an additional 210,664 shares during the period. SAP SE accounts for 3.9% of Sustainable Growth Advisers LP’s portfolio, making the stock its 9th largest position. Sustainable Growth Advisers LP owned approximately 0.21% of SAP SE worth $268,691,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of SAP. Parallel Advisors LLC raised its stake in SAP SE by 32.4% in the second quarter. Parallel Advisors LLC now owns 957 shares of the software maker’s stock worth $101,000 after buying an additional 234 shares during the period. IFP Advisors Inc raised its stake in SAP SE by 19.9% in the first quarter. IFP Advisors Inc now owns 1,125 shares of the software maker’s stock worth $110,000 after buying an additional 187 shares during the period. Trust Co. of Vermont raised its stake in SAP SE by 16.1% in the first quarter. Trust Co. of Vermont now owns 1,132 shares of the software maker’s stock worth $111,000 after buying an additional 157 shares during the period. Shine Investment Advisory Services Inc. bought a new stake in SAP SE during the second quarter worth about $132,000. Finally, Huntington National Bank raised its stake in SAP SE by 1.6% in the second quarter. Huntington National Bank now owns 1,548 shares of the software maker’s stock worth $162,000 after buying an additional 24 shares during the period. Institutional investors and hedge funds own 3.56% of the company’s stock.
Shares of SAP SE (NYSE:SAP) traded up 0.36% during trading on Friday, hitting $105.33. The stock had a trading volume of 139,762 shares. SAP SE has a 52 week low of $80.93 and a 52 week high of $108.72. The stock has a market capitalization of $126.28 billion, a price-to-earnings ratio of 31.33 and a beta of 1.12. The stock’s 50 day moving average is $105.31 and its 200 day moving average is $101.80.
SAP SE declared that its board has initiated a stock repurchase program on Thursday, July 20th that permits the company to buyback outstanding shares. This buyback authorization permits the software maker to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.
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A number of research firms have recently issued reports on SAP. CIBC increased their target price on SAP SE from $107.00 to $115.00 and gave the company an “outperform” rating in a research note on Monday, June 12th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $115.00 target price (up previously from $107.00) on shares of SAP SE in a research note on Friday, June 9th. Stifel Nicolaus restated a “sell” rating and set a $75.00 price objective on shares of SAP SE in a research note on Friday, July 14th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of SAP SE in a research note on Monday, June 26th. Finally, Berenberg Bank initiated coverage on SAP SE in a research note on Wednesday, August 23rd. They set a “buy” rating for the company. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $94.84.
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).
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