Fmr LLC increased its holdings in shares of SAP SE (NYSE:SAP) by 6,475.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 396,409 shares of the software maker’s stock after buying an additional 390,380 shares during the period. Fmr LLC’s holdings in SAP SE were worth $41,493,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Fisher Asset Management LLC boosted its position in SAP SE by 3.8% during the 2nd quarter. Fisher Asset Management LLC now owns 6,462,281 shares of the software maker’s stock worth $676,407,000 after buying an additional 238,908 shares during the period. Sustainable Growth Advisers LP lifted its position in shares of SAP SE by 8.9% in the 2nd quarter. Sustainable Growth Advisers LP now owns 2,567,035 shares of the software maker’s stock worth $268,691,000 after purchasing an additional 210,664 shares during the period. Northern Trust Corp lifted its position in shares of SAP SE by 2.0% in the 2nd quarter. Northern Trust Corp now owns 1,476,441 shares of the software maker’s stock worth $154,540,000 after purchasing an additional 29,555 shares during the period. Russell Investments Group Ltd. lifted its position in shares of SAP SE by 8.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,023,458 shares of the software maker’s stock worth $107,133,000 after purchasing an additional 79,741 shares during the period. Finally, Wells Fargo & Company MN lifted its position in shares of SAP SE by 2.4% in the 2nd quarter. Wells Fargo & Company MN now owns 915,517 shares of the software maker’s stock worth $95,827,000 after purchasing an additional 21,097 shares during the period. Institutional investors and hedge funds own 3.56% of the company’s stock.

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Several analysts have recently weighed in on SAP shares. DZ Bank AG reiterated a “buy” rating on shares of SAP SE in a research note on Wednesday, June 28th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of SAP SE in a research note on Monday, June 26th. Berenberg Bank assumed coverage on shares of SAP SE in a research note on Wednesday, August 23rd. They set a “buy” rating for the company. BidaskClub lowered shares of SAP SE from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Finally, Morgan Stanley reiterated a “buy” rating on shares of SAP SE in a research note on Monday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $94.84.

Shares of SAP SE (NYSE SAP) opened at 111.77 on Thursday. The company has a 50-day moving average price of $109.58 and a 200 day moving average price of $105.32. The company has a market capitalization of $134.00 billion, a P/E ratio of 32.41 and a beta of 1.10. SAP SE has a 12-month low of $80.93 and a 12-month high of $113.17.

SAP SE announced that its board has approved a stock repurchase program on Thursday, July 20th that authorizes the company to buyback outstanding shares. This buyback authorization authorizes the software maker to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

About SAP SE

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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Institutional Ownership by Quarter for SAP SE (NYSE:SAP)

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