Euro Pacific Asset Management LLC Buys New Holdings in SAP SE $SAP

Euro Pacific Asset Management LLC bought a new position in SAP SE (NYSE:SAP) during the 3rd quarter, HoldingsChannel reports. The fund bought 8,032 shares of the software maker’s stock, valued at approximately $1,687,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. M Holdings Securities Inc. bought a new stake in SAP in the 3rd quarter worth $210,000. Brighton Jones LLC raised its stake in shares of SAP by 8.4% during the third quarter. Brighton Jones LLC now owns 2,453 shares of the software maker’s stock valued at $511,000 after acquiring an additional 191 shares during the last quarter. Ethic Inc. raised its stake in shares of SAP by 22.2% during the third quarter. Ethic Inc. now owns 86,667 shares of the software maker’s stock valued at $18,068,000 after acquiring an additional 15,759 shares during the last quarter. 180 Wealth Advisors LLC purchased a new stake in shares of SAP during the third quarter worth about $217,000. Finally, StoneX Group Inc. purchased a new stake in shares of SAP during the third quarter worth about $286,000.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SAP shares. Citigroup reissued a “buy” rating on shares of SAP in a research note on Friday, October 23rd. Weiss Ratings lowered SAP from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 23rd. BMO Capital Markets upped their price target on SAP from $235.00 to $265.00 and gave the company an “outperform” rating in a research report on Thursday, October 22nd. UBS Group cut SAP from a “buy” rating to a “neutral” rating in a report on Wednesday, August 26th. Finally, Wells Fargo & Company reiterated an “overweight” rating on shares of SAP in a research report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $258.83.

SAP Price Performance

Shares of SAP stock opened at $233.57 on Monday. The stock has a market cap of $286.94 billion, a price-to-earnings ratio of 28.52, a PEG ratio of 2.82 and a beta of 1.11. The business’s fifty day moving average is $219.81 and its 200 day moving average is $192.43. SAP SE has a twelve month low of $144.97 and a twelve month high of $255.90. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.18.

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