TD Asset Management Inc. boosted its stake in shares of SAP SE (NYSE:SAP) by 190.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,502 shares of the software maker’s stock after buying an additional 33,744 shares during the period. TD Asset Management Inc.’s holdings in SAP SE were worth $5,056,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the stock. Checchi Capital Advisers LLC raised its position in shares of SAP SE by 0.3% in the first quarter. Checchi Capital Advisers LLC now owns 6,737 shares of the software maker’s stock worth $661,000 after buying an additional 18 shares during the last quarter. Bluestein R H & Co. raised its position in shares of SAP SE by 1.0% in the fourth quarter. Bluestein R H & Co. now owns 5,095 shares of the software maker’s stock worth $440,000 after buying an additional 52 shares during the last quarter. Brown Advisory Inc. raised its stake in SAP SE by 2.5% in the fourth quarter. Brown Advisory Inc. now owns 2,887 shares of the software maker’s stock valued at $250,000 after buying an additional 71 shares in the last quarter. Atria Investments LLC raised its stake in SAP SE by 0.6% in the first quarter. Atria Investments LLC now owns 15,337 shares of the software maker’s stock valued at $1,506,000 after buying an additional 86 shares in the last quarter. Finally, HighPoint Advisor Group LLC raised 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 valued at $289,000 after buying an additional 88 shares in the last quarter. 3.73% of the stock is owned by institutional investors.
SAP SE (NYSE SAP) traded up 1.52% during mid-day trading on Friday, hitting $105.79. 862,911 shares of the stock traded hands. SAP SE has a 1-year low of $71.39 and a 1-year high of $108.72. The stock has a market cap of $126.84 billion, a price-to-earnings ratio of 31.80 and a beta of 1.11. The company’s 50 day moving average price is $104.83 and its 200-day moving average price is $95.25.
The company also recently announced an annual dividend, which was paid on Monday, May 22nd. Investors of record on Monday, May 15th were given a $1.3312 dividend. The ex-dividend date was Thursday, May 11th. This represents a yield of 1.37%. SAP SE’s dividend payout ratio is currently 30.06%.
Several analysts recently issued reports on the stock. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $115.00 price target (up previously from $107.00) on shares of SAP SE in a research report on Friday, June 9th. CIBC raised their target price on shares of SAP SE from $107.00 to $115.00 and gave the company an “outperform” rating in a research report on Monday, June 12th. Stifel Nicolaus downgraded shares of SAP SE from a “hold” rating to a “sell” rating and set a $102.13 price target for the company. in a research note on Wednesday, April 26th. BMO Capital Markets dropped their price target on shares of SAP SE from $105.00 to $95.00 and set a “market perform” rating for the company in a research note on Wednesday, April 26th. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $110.00 price target (up previously from $105.00) on shares of SAP SE in a research note on Saturday, April 29th. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company’s stock. SAP SE presently has an average rating of “Buy” and a consensus target price of $96.01.
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).
Receive News & Ratings for SAP SE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SAP SE and related companies with MarketBeat.com's FREE daily email newsletter.