SAP SE (SAP) Earns Buy Rating from Goldman Sachs Group, Inc. (The)
SAP SE (NYSE:SAP)‘s stock had its “buy” rating restated by analysts at Goldman Sachs Group, Inc. (The) in a research report issued to clients and investors on Monday.
Several other equities analysts have also weighed in on the stock. Jefferies Group LLC restated a “neutral” rating on shares of SAP SE in a report on Tuesday, March 21st. Stifel Nicolaus lowered shares of SAP SE from a “hold” rating to a “sell” rating and set a $102.13 target price on the stock. in a report on Wednesday, April 26th. William Blair cut their target price on shares of SAP SE from $70.00 to $68.00 and set a “buy” rating on the stock in a report on Monday, April 17th. Cowen and Company reiterated an “outperform” rating and issued a $110.00 target price (up from $105.00) on shares of SAP SE in a report on Saturday, April 29th. Finally, Morgan Stanley reiterated a “buy” rating on shares of SAP SE in a report on Thursday, April 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $96.01.
SAP SE (SAP) traded down 0.30% on Monday, hitting $107.16. The company’s stock had a trading volume of 239,563 shares. The company has a 50 day moving average price of $105.15 and a 200-day moving average price of $95.77. SAP SE has a 1-year low of $71.39 and a 1-year high of $108.72. The company has a market capitalization of $128.48 billion, a P/E ratio of 31.99 and a beta of 1.11.
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Large investors have recently modified their holdings of the company. Clearbridge Investments LLC raised its stake in shares of SAP SE by 1.0% in the first quarter. Clearbridge Investments LLC now owns 858,381 shares of the software maker’s stock worth $84,267,000 after buying an additional 8,843 shares during the last quarter. Columbia Partners L L C Investment Management raised its stake in shares of SAP SE by 27.5% in the first quarter. Columbia Partners L L C Investment Management now owns 14,320 shares of the software maker’s stock worth $1,405,000 after buying an additional 3,088 shares during the last quarter. Ballentine Partners LLC bought a new stake in shares of SAP SE during the first quarter worth approximately $274,000. HM Payson & Co. bought a new stake in shares of SAP SE during the first quarter worth approximately $210,000. Finally, Proficio Capital Partners LLC raised its stake in shares of SAP SE by 141.1% in the first quarter. Proficio Capital Partners LLC now owns 1,849 shares of the software maker’s stock worth $197,000 after buying an additional 1,082 shares during the last quarter. Institutional investors and hedge funds own 3.73% of the company’s stock.
SAP SE Company Profile
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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