SAP SE (NYSE:SAP)‘s stock had its “sell” rating reissued by analysts at Stifel Nicolaus in a report released on Friday. They currently have a $75.00 price objective on the software maker’s stock. Stifel Nicolaus’ price target would suggest a potential downside of 28.49% from the stock’s current price.
Other analysts have also issued research reports about the company. UBS AG lowered SAP SE from a “buy” rating to a “neutral” rating in a report on Monday, March 27th. DZ Bank AG reissued a “buy” rating on shares of SAP SE in a report on Wednesday, June 28th. BMO Capital Markets lowered their target price on SAP SE from $105.00 to $95.00 and set a “market perform” rating on the stock in a report on Wednesday, April 26th. Royal Bank Of Canada reissued a “neutral” rating on shares of SAP SE in a report on Thursday, April 13th. Finally, William Blair lowered their target price on SAP SE from $70.00 to $68.00 and set a “buy” rating on the stock in a report on Monday, April 17th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $93.19.
SAP SE (SAP) opened at 104.88 on Friday. The firm has a 50-day moving average price of $105.89 and a 200-day moving average price of $96.74. The stock has a market cap of $125.75 billion, a price-to-earnings ratio of 30.67 and a beta of 1.12. SAP SE has a one year low of $78.56 and a one year high of $108.72.
Institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its position in SAP SE by 37.3% in the first quarter. Bank of America Corp DE now owns 2,565,236 shares of the software maker’s stock valued at $251,830,000 after buying an additional 696,447 shares during the period. Strategic Global Advisors LLC increased its position in SAP SE by 6.5% in the first quarter. Strategic Global Advisors LLC now owns 3,456 shares of the software maker’s stock valued at $339,000 after buying an additional 212 shares during the period. Abbrea Capital LLC increased its position in SAP SE by 17.0% in the first quarter. Abbrea Capital LLC now owns 7,760 shares of the software maker’s stock valued at $762,000 after buying an additional 1,125 shares during the period. Marshall Wace North America L.P. acquired a new position in SAP SE during the first quarter valued at $2,053,000. Finally, Stephens Inc. AR acquired a new position in SAP SE during the first quarter valued at $384,000. Hedge funds and other institutional investors own 3.73% of the company’s stock.
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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