Deutsche Bank AG Has $628,000 Position in Sapiens International Corporation N.V. $SPNS

Key Points

• Deutsche Bank AG has reduced its stake in Sapiens International Corporation N.V. by 65.8%, now holding shares valued at $628,000.
• Several hedge funds have significantly increased their stakes in Sapiens International, including Larson Financial Group LLC with a 2,216.7% increase in the 1st quarter.
• Sapiens International stock has a current price of $42.81, with analysts mostly rating it as a "hold" and establishing an average price target of $31.33.

Deutsche Bank AG lowered its stake in shares of Sapiens International Corporation N.V. (NASDAQ:SPNS - Free Report) by 65.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,195 shares of the technology company's stock after selling 44,670 shares during the quarter. Deutsche Bank AG's holdings in Sapiens International were worth $628,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of SPNS. Larson Financial Group LLC grew its position in Sapiens International by 2,216.7% in the 1st quarter. Larson Financial Group LLC now owns 973 shares of the technology company's stock worth $26,000 after purchasing an additional 931 shares during the last quarter. Quarry LP acquired a new stake in Sapiens International during the fourth quarter worth about $37,000. Mirae Asset Global Investments Co. Ltd. grew its position in Sapiens International by 2,507.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,876 shares of the technology company's stock worth $132,000 after buying an additional 4,689 shares in the last quarter. ProShare Advisors LLC increased its stake in Sapiens International by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 8,668 shares of the technology company's stock valued at $233,000 after acquiring an additional 2,851 shares during the period. Finally, Two Sigma Investments LP raised its holdings in Sapiens International by 34.8% in the 4th quarter. Two Sigma Investments LP now owns 10,046 shares of the technology company's stock valued at $270,000 after acquiring an additional 2,594 shares in the last quarter. 30.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on SPNS shares. Wall Street Zen lowered Sapiens International from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Needham & Company LLC downgraded shares of Sapiens International from a "buy" rating to a "hold" rating and set a $35.00 price target on the stock. in a research note on Wednesday, August 13th. Finally, Barclays increased their price objective on shares of Sapiens International from $28.00 to $31.00 and gave the company an "underweight" rating in a research note on Friday, May 9th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Reduce" and an average price target of $31.33.

Sapiens International Trading Up 0.1%

Shares of Sapiens International stock traded up $0.04 during mid-day trading on Monday, reaching $42.90. 396,078 shares of the stock were exchanged, compared to its average volume of 1,994,083. Sapiens International Corporation N.V. has a fifty-two week low of $23.69 and a fifty-two week high of $42.94. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 35.16 and a beta of 0.94. The firm has a 50-day simple moving average of $32.86 and a 200 day simple moving average of $29.46.

Sapiens International Company Profile

Sapiens International Corporation N.V. provides software solutions for the insurance industry in North America, the United Kingdom, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company provides various solutions for property and casualty commercial and personal lines, life and pensions, and reinsurance fields.