SAP SE (NYSE:SAP) had its price objective boosted by equities research analysts at BMO Capital Markets from $105.00 to $110.00 in a report issued on Friday, StockTargetPrices.com reports. The firm currently has a “market perform” rating on the software maker’s stock. BMO Capital Markets’ price objective indicates a potential upside of 3.95% from the stock’s current price.

SAP has been the subject of several other reports. UBS AG cut SAP SE from a “buy” rating to a “neutral” rating in a research note on Monday, March 27th. DZ Bank AG reissued a “buy” rating on shares of SAP SE in a research note on Thursday. Royal Bank Of Canada lifted their target price on SAP SE from $102.00 to $106.00 and gave the company a “sector perform” rating in a research note on Tuesday. Stifel Nicolaus reissued a “sell” rating and issued a $75.00 target price on shares of SAP SE in a research note on Friday, July 14th. Finally, Zacks Investment Research raised SAP SE from a “sell” rating to a “hold” rating in a research note on Monday, April 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $95.69.

SAP SE (NYSE:SAP) opened at 105.82 on Friday. SAP SE has a 12 month low of $80.93 and a 12 month high of $108.72. The firm has a market cap of $126.88 billion, a price-to-earnings ratio of 31.00 and a beta of 1.12. The firm’s 50-day moving average price is $105.53 and its 200-day moving average price is $98.64.

SAP SE declared that its board has authorized a stock buyback program on Thursday, July 20th that allows the company to buyback outstanding shares. This buyback authorization allows the software maker to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Morgan Stanley increased its stake in SAP SE by 101.2% in the first quarter. Morgan Stanley now owns 1,659,689 shares of the software maker’s stock valued at $162,933,000 after buying an additional 834,600 shares in the last quarter. Bank of America Corp DE increased its stake 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 in the last quarter. Harding Loevner LP increased its stake in SAP SE by 7.0% in the first quarter. Harding Loevner LP now owns 5,531,732 shares of the software maker’s stock valued at $543,050,000 after buying an additional 362,267 shares in the last quarter. Russell Investments Group Ltd. increased its stake in SAP SE by 42.9% in the first quarter. Russell Investments Group Ltd. now owns 943,717 shares of the software maker’s stock valued at $92,649,000 after buying an additional 283,230 shares in the last quarter. Finally, Karp Capital Management Corp purchased a new stake in SAP SE during the first quarter valued at about $25,030,000. 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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