Bank of Montreal Can Has $21.02 Million Holdings in SAP SE (NYSE:SAP)

Bank of Montreal Can grew its holdings in shares of SAP SE (NYSE:SAPGet Rating) by 0.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 218,048 shares of the software maker’s stock after purchasing an additional 797 shares during the period. Bank of Montreal Can’s holdings in SAP were worth $21,024,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SAP. Pendal Group Ltd acquired a new position in shares of SAP during the 2nd quarter worth approximately $174,257,000. Capital International Investors boosted its position in shares of SAP by 58.2% during the 1st quarter. Capital International Investors now owns 4,700,206 shares of the software maker’s stock worth $524,270,000 after acquiring an additional 1,729,492 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of SAP by 230.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,389,447 shares of the software maker’s stock worth $154,173,000 after acquiring an additional 969,505 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of SAP by 24.8% during the 2nd quarter. Principal Financial Group Inc. now owns 1,277,285 shares of the software maker’s stock worth $115,876,000 after acquiring an additional 253,739 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of SAP during the 1st quarter worth approximately $27,906,000. Institutional investors and hedge funds own 5.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SAP shares. Barclays increased their price target on shares of SAP from €102.00 ($105.15) to €105.00 ($108.25) and gave the stock an “equal weight” rating in a research report on Wednesday, October 26th. Cowen dropped their price objective on shares of SAP from $107.00 to $106.00 in a research note on Wednesday, October 26th. Jefferies Financial Group downgraded shares of SAP from a “buy” rating to an “underperform” rating in a research note on Thursday. Cowen dropped their price objective on shares of SAP from $107.00 to $106.00 in a research note on Wednesday, October 26th. Finally, StockNews.com raised shares of SAP from a “hold” rating to a “buy” rating in a research note on Friday, November 4th. One analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, SAP presently has a consensus rating of “Hold” and an average price target of $107.86.

SAP Stock Down 2.7 %

Shares of NYSE SAP opened at $108.79 on Monday. SAP SE has a 1 year low of $78.22 and a 1 year high of $142.88. The stock has a market capitalization of $128.33 billion, a P/E ratio of 36.26, a P/E/G ratio of 6.96 and a beta of 1.10. The company has a 50-day moving average price of $90.94 and a 200-day moving average price of $92.24. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.03 and a quick ratio of 1.03.

SAP Company Profile

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SAP SE, together with its subsidiaries, operates as an enterprise application software company worldwide. The company operates through three segments: Applications, Technology & Support; Qualtrics; and Services. It offers SAP S/4HANA, an ERP suite with intelligent technologies, such as artificial intelligence, machine learning, and advanced analytics; SAP SuccessFactors Human Experience Management provides cloud-based solutions, such as a human resources management system for core HR and payroll, talent management, employee experience management, and people analytics; and intelligent spend management solutions, including products branded under the SAP Ariba, SAP Concur, and SAP Fieldglass names.

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Institutional Ownership by Quarter for SAP (NYSE:SAP)

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