SAP SE $SAP Shares Bought by Pzena Investment Management LLC

Pzena Investment Management LLC lifted its holdings in shares of SAP SE (NYSE:SAP) by 128.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 14,985 shares of the software maker’s stock after purchasing an additional 8,431 shares during the period. Pzena Investment Management LLC’s holdings in SAP were worth $3,124,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. V Square Quantitative Management LLC acquired a new stake in shares of SAP in the third quarter valued at $30,000. Continuum Advisory LLC bought a new position in shares of SAP in the second quarter valued at about $31,000. Front Row Advisors LLC lifted its position in SAP by 362.5% during the 1st quarter. Front Row Advisors LLC now owns 185 shares of the software maker’s stock worth $32,000 after buying an additional 145 shares in the last quarter. Signature Equity Partners LLC lifted its position in SAP by 75.6% during the 3rd quarter. Signature Equity Partners LLC now owns 158 shares of the software maker’s stock worth $33,000 after buying an additional 68 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in SAP during the 3rd quarter worth about $34,000.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. BMO Capital Markets raised their price objective on shares of SAP from $235.00 to $265.00 and gave the company an “outperform” rating in a research report on Thursday, October 22nd. Wells Fargo & Company reaffirmed an “overweight” rating on shares of SAP in a research note on Wednesday, August 12th. Argus set a $265.00 target price on shares of SAP in a research report on Thursday, September 10th. TD Cowen reiterated a “buy” rating on shares of SAP in a research report on Thursday, October 15th. Finally, Oppenheimer reissued a “market perform” rating on shares of SAP in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $258.83.

SAP Stock Up 1.4%

NYSE SAP opened at $243.47 on Friday. The stock has a fifty day moving average of $219.57 and a 200-day moving average of $192.40. The stock has a market capitalization of $299.10 billion, a P/E ratio of 29.73, a price-to-earnings-growth ratio of 2.90 and a beta of 1.11. SAP SE has a 52 week low of $144.97 and a 52 week high of $258.50. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.16 and a current ratio of 1.16.

SAP Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM employees, SAP originally developed software to help businesses integrate accounting and operational data. The company has since become a major provider of cloud-based business applications and enterprise technology.

SAP’s portfolio includes enterprise resource planning software, including SAP S/4HANA Cloud, along with solutions for finance, procurement, supply chain management, human resources, customer experience and business analytics.