SAP SE (NYSE:SAP) Short Interest Update

SAP SE (NYSE:SAP – Get Rating) saw a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 1,130,000 shares, a decline of 11.7% from the February 13th total of 1,280,000 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 856,800 shares, the days-to-cover ratio is currently 1.3 days.

Wall Street Analyst Weigh In

SAP has been the subject of several research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of SAP from €115.00 ($122.34) to €120.00 ($127.66) and gave the stock a “buy” rating in a research note on Thursday, January 12th. StockNews.com downgraded shares of SAP from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 22nd. Barclays boosted their price objective on shares of SAP from $136.00 to $137.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 8th. BMO Capital Markets boosted their target price on shares of SAP from $110.00 to $125.00 and gave the stock a “market perform” rating in a research report on Friday, January 27th. Finally, Stifel Nicolaus boosted their target price on shares of SAP from €130.00 ($138.30) to €135.00 ($143.62) and gave the stock a “buy” rating in a research report on Friday, December 2nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $114.13.

SAP Stock Down 0.5 %

SAP stock opened at $115.46 on Monday. The company has a 50-day simple moving average of $115.68 and a 200-day simple moving average of $102.58. The firm has a market capitalization of $136.19 billion, a P/E ratio of 56.05, a P/E/G ratio of 2.11 and a beta of 1.17. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.06 and a current ratio of 1.06. SAP has a one year low of $78.22 and a one year high of $123.28.

Hedge Funds Weigh In On SAP

Institutional investors and hedge funds have recently bought and sold shares of the stock. Two Sigma Investments LP grew its position in SAP by 50.3% in the 3rd quarter. Two Sigma Investments LP now owns 398,500 shares of the software maker’s stock valued at $32,378,000 after buying an additional 133,298 shares in the last quarter. Value Partners Investments Inc. boosted its position in shares of SAP by 10.6% during the 3rd quarter. Value Partners Investments Inc. now owns 2,622 shares of the software maker’s stock valued at $213,000 after purchasing an additional 251 shares in the last quarter. PFS Investments Inc. boosted its position in shares of SAP by 6.3% during the 3rd quarter. PFS Investments Inc. now owns 38,542 shares of the software maker’s stock valued at $3,132,000 after purchasing an additional 2,290 shares in the last quarter. Alaethes Wealth LLC boosted its position in shares of SAP by 24.8% during the 2nd quarter. Alaethes Wealth LLC now owns 10,622 shares of the software maker’s stock valued at $964,000 after purchasing an additional 2,111 shares in the last quarter. Finally, Ronald Blue Trust Inc. bought a new position in shares of SAP during the 2nd quarter valued at about $155,000. Institutional investors own 5.23% of the company’s stock.

SAP Company Profile

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SAP SE engages in the provision of enterprise application software and software-related services. It operates through the following segments: Applications, Technology, and Support; Qualtrics; and Services. The Applications, Technology, and Services segment includes sale of software licenses, support offerings, and cloud subscriptions.