Fisher Asset Management LLC Purchases 494,956 Shares of SAP SE $SAP

Key Points

• Fisher Asset Management increased its SAP stake by 3.3%, buying 494,956 shares in the third quarter. It held 15.43 million shares, worth approximately $3.22 billion, at quarter-end.
• Analyst sentiment is broadly positive: SAP has a “Moderate Buy” consensus rating and an average price target of $258.38, compared with a Friday opening price of $234.31.
• SAP shares traded within a 12-month range of $144.97 to $255.90; the company’s market capitalization was about $287.9 billion.

Fisher Asset Management LLC raised its position in SAP SE (NYSE:SAP - Free Report) by 3.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,426,416 shares of the software maker's stock after buying an additional 494,956 shares during the period. Fisher Asset Management LLC owned approximately 1.26% of SAP worth $3,216,099,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SAP. V Square Quantitative Management LLC purchased a new stake in shares of SAP during the third quarter worth about $30,000. Continuum Advisory LLC purchased a new position in SAP in the second quarter valued at about $31,000. Front Row Advisors LLC boosted its holdings in SAP by 362.5% in the first quarter. Front Row Advisors LLC now owns 185 shares of the software maker's stock valued at $32,000 after purchasing an additional 145 shares during the last quarter. Signature Equity Partners LLC boosted its holdings in SAP by 75.6% in the third quarter. Signature Equity Partners LLC now owns 158 shares of the software maker's stock valued at $33,000 after purchasing an additional 68 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in SAP during the 3rd quarter valued at approximately $34,000.

SAP Stock Performance

SAP stock opened at $234.31 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.16 and a quick ratio of 1.16. SAP SE has a 12 month low of $144.97 and a 12 month high of $255.90. The company has a fifty day moving average price of $221.32 and a two-hundred day moving average price of $192.52. The company has a market cap of $287.86 billion, a PE ratio of 29.52, a P/E/G ratio of 2.82 and a beta of 1.11.

Analyst Ratings Changes

Several research firms have issued reports on SAP. Wells Fargo & Company restated an "overweight" rating on shares of SAP in a report on Wednesday, August 12th. UBS Group reiterated a "neutral" rating on shares of SAP in a research note on Monday, September 7th. The Goldman Sachs Group reiterated a "buy" rating on shares of SAP in a research note on Friday, October 23rd. Jefferies Financial Group reissued a "buy" rating on shares of SAP in a research report on Thursday, October 22nd. Finally, JPMorgan Chase & Co. upgraded shares of SAP from a "neutral" rating to an "overweight" rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $258.38.

SAP Profile

SAP SE is a German enterprise software company headquartered in Walldorf. Founded in 1972, it develops software that helps organizations manage business operations and use data across their operations. Its products and services include enterprise resource planning (ERP) software, cloud applications, database and analytics tools, and solutions for areas such as finance, supply chain management, human resources, procurement, and customer experience. SAP serves businesses and public-sector organizations across the globe.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.