Euro Pacific Asset Management LLC Buys 8,032 Shares of SAP SE $SAP

Key Points

• Euro Pacific Asset Management initiated a position in SAP, buying 8,032 shares worth approximately $1.687 million during the third quarter.
• Analyst views were generally positive: SAP had a “Moderate Buy” consensus rating, with 13 Buy or Strong Buy ratings and an average price target of $258.83.
• SAP shares opened at $233.57; the stock’s 12-month range was $144.97 to $255.90, and its 50-day and 200-day moving averages were $219.81 and $192.43, respectively.

Euro Pacific Asset Management LLC bought a new stake in SAP SE (NYSE:SAP - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,032 shares of the software maker's stock, valued at approximately $1,687,000.

A number of other large investors have also added to or reduced their stakes in the company. Bank of America Corp DE lifted its stake in SAP by 15.9% during the first quarter. Bank of America Corp DE now owns 2,018,383 shares of the software maker's stock worth $345,567,000 after purchasing an additional 276,263 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of SAP by 18.5% in the 2nd quarter. Tidal Investments LLC now owns 1,214,315 shares of the software maker's stock worth $187,138,000 after purchasing an additional 189,591 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of SAP during the 1st quarter valued at about $150,701,000. Ruane Cunniff & Goldfarb L.P. increased its position in shares of SAP by 1,532.8% during the 1st quarter. Ruane Cunniff & Goldfarb L.P. now owns 749,909 shares of the software maker's stock valued at $128,392,000 after purchasing an additional 703,982 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of SAP by 48.2% during the 1st quarter. Principal Financial Group Inc. now owns 550,531 shares of the software maker's stock valued at $94,257,000 after purchasing an additional 179,040 shares during the last quarter.

Wall Street Analyst Weigh In

SAP has been the topic of a number of research reports. Erste Group Bank raised SAP from a "hold" rating to a "buy" rating in a report on Friday, October 30th. Weiss Ratings lowered SAP from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday, October 23rd. Morgan Stanley reiterated an "overweight" rating on shares of SAP in a research report on Friday, August 21st. Citigroup reiterated a "buy" rating on shares of SAP in a research report on Friday, October 23rd. Finally, Argus set a $265.00 price target on shares of SAP in a research note on Thursday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $258.83.

SAP Stock Performance

NYSE SAP opened at $233.57 on Monday. The company has a 50-day simple moving average of $219.81 and a two-hundred day simple moving average of $192.43. SAP SE has a 12-month low of $144.97 and a 12-month high of $255.90. The firm has a market cap of $286.94 billion, a price-to-earnings ratio of 28.52, a PEG ratio of 2.82 and a beta of 1.11. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.18.

SAP Company Profile

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