Bank of America Corp DE Has $345.57 Million Holdings in SAP SE $SAP

Key Points

• Bank of America increased its SAP stake by 15.9% in the first quarter, purchasing 276,263 additional shares. Its holdings totaled 2,018,383 shares valued at approximately $345.6 million, or 0.16% of SAP.
• Several major institutions also expanded their SAP positions, including Fisher Asset Management, JPMorgan Chase and Northern Trust, while Arrowstreet Capital established a new $150.7 million position.
• Analyst sentiment remains positive but mixed: SAP has a consensus “Moderate Buy” rating and an average price target of $264.83, despite some recent downgrades to “Hold” or reduced target prices.

Bank of America Corp DE increased its stake in shares of SAP SE (NYSE:SAP - Free Report) by 15.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,018,383 shares of the software maker's stock after purchasing an additional 276,263 shares during the quarter. Bank of America Corp DE owned about 0.16% of SAP worth $345,567,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Fisher Asset Management LLC lifted its holdings in SAP by 1.2% during the 4th quarter. Fisher Asset Management LLC now owns 14,728,881 shares of the software maker's stock worth $3,577,793,000 after buying an additional 179,550 shares in the last quarter. Windacre Partnership LLC increased its stake in shares of SAP by 130.9% in the 3rd quarter. Windacre Partnership LLC now owns 2,357,225 shares of the software maker's stock valued at $629,874,000 after buying an additional 1,336,325 shares during the period. Northern Trust Corp increased its stake in shares of SAP by 3.2% in the 3rd quarter. Northern Trust Corp now owns 1,560,994 shares of the software maker's stock valued at $417,113,000 after buying an additional 49,111 shares during the period. JPMorgan Chase & Co. raised its position in shares of SAP by 7.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,200,024 shares of the software maker's stock worth $291,498,000 after acquiring an additional 83,349 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of SAP during the first quarter valued at $150,701,000.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SAP shares. HSBC upgraded SAP from a "hold" rating to a "buy" rating in a report on Wednesday, April 22nd. Barclays reduced their target price on shares of SAP from $255.00 to $242.00 and set an "overweight" rating on the stock in a research note on Monday, July 27th. Jefferies Financial Group lowered shares of SAP from a "strong-buy" rating to a "hold" rating in a report on Friday, July 24th. Wall Street Zen lowered shares of SAP from a "buy" rating to a "hold" rating in a report on Saturday, May 16th. Finally, Oppenheimer reiterated a "market perform" rating on shares of SAP in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, SAP has an average rating of "Moderate Buy" and a consensus target price of $264.83.

SAP Stock Up 0.2%

SAP stock opened at $183.92 on Monday. The company's 50 day simple moving average is $165.92 and its 200 day simple moving average is $181.81. SAP SE has a fifty-two week low of $144.97 and a fifty-two week high of $299.48. The firm has a market capitalization of $225.94 billion, a price-to-earnings ratio of 23.11, a PEG ratio of 2.17 and a beta of 1.12. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.15 and a quick ratio of 1.15.

SAP Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company's name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP's product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.

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