Glenmede Trust Co. NA Has $11.59 Million Position in SAP SE $SAP

Glenmede Trust Co. NA boosted its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 49.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 67,707 shares of the software maker's stock after acquiring an additional 22,433 shares during the quarter. Glenmede Trust Co. NA's holdings in SAP were worth $11,592,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SAP. Sound Income Strategies LLC increased its stake in shares of SAP by 109.4% during the 4th quarter. Sound Income Strategies LLC now owns 111 shares of the software maker's stock worth $26,000 after purchasing an additional 58 shares during the last quarter. Bayban acquired a new stake in shares of SAP in the 4th quarter valued at $28,000. Front Row Advisors LLC lifted its stake in shares of SAP by 362.5% in the 1st 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. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in SAP by 758.8% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 146 shares of the software maker's stock worth $35,000 after purchasing an additional 129 shares in the last quarter. Finally, American National Bank & Trust increased its position in SAP by 641.7% during the fourth quarter. American National Bank & Trust now owns 178 shares of the software maker's stock worth $43,000 after buying an additional 154 shares during the last quarter.

SAP Stock Performance

NYSE:SAP opened at $183.92 on Monday. The firm has a market capitalization of $225.94 billion, a PE ratio of 23.11, a PEG ratio of 2.17 and a beta of 1.12. SAP SE has a 1 year low of $144.97 and a 1 year high of $299.48. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.19. The firm's fifty day simple moving average is $165.92 and its 200 day simple moving average is $181.81.

Analysts Set New Price Targets

Several research firms have weighed in on SAP. Santander upgraded SAP from a "neutral" rating to an "outperform" rating in a report on Friday, April 24th. HSBC upgraded SAP from a "hold" rating to a "buy" rating in a research note on Wednesday, April 22nd. Barclays lowered their price objective on SAP from $255.00 to $242.00 and set an "overweight" rating on the stock in a report on Monday, July 27th. Weiss Ratings raised SAP from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday. Finally, Piper Sandler lowered SAP from an "overweight" rating to a "neutral" rating in a report on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, SAP presently has an average rating of "Moderate Buy" and a consensus target price of $264.83.

SAP Company 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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