International Assets Investment Management LLC Makes New $2.57 Million Investment in SAP SE $SAP

Key Points

• International Assets Investment Management purchased 12,324 SAP shares worth approximately $2.57 million during the third quarter, while several other institutional investors also increased their positions.
• Analysts remain broadly positive, with SAP carrying a consensus “Moderate Buy” rating and an average price target of $258.83; ratings include 13 Buy-or-Strong Buy recommendations and seven Holds.
• SAP shares opened at $233.46, valuing the company at about $286.8 billion. The stock has traded between $144.97 and $265.88 over the past year and is above both its 50-day and 200-day moving averages.

International Assets Investment Management LLC purchased a new position in shares of SAP SE (NYSE:SAP - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 12,324 shares of the software maker's stock, valued at approximately $2,569,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Allworth Financial LP raised its position in SAP by 1.5% during the second quarter. Allworth Financial LP now owns 3,304 shares of the software maker's stock worth $509,000 after acquiring an additional 48 shares during the last quarter. Sage Rhino Capital LLC lifted its holdings in shares of SAP by 1.4% in the third quarter. Sage Rhino Capital LLC now owns 3,451 shares of the software maker's stock valued at $719,000 after purchasing an additional 49 shares in the last quarter. Checchi Capital Advisers LLC grew its position in shares of SAP by 1.0% in the first quarter. Checchi Capital Advisers LLC now owns 6,059 shares of the software maker's stock valued at $1,037,000 after purchasing an additional 59 shares during the last quarter. Physician Wealth Advisors Inc. grew its position in shares of SAP by 38.0% in the third quarter. Physician Wealth Advisors Inc. now owns 236 shares of the software maker's stock valued at $49,000 after purchasing an additional 65 shares during the last quarter. Finally, Confluence Investment Management LLC increased its stake in shares of SAP by 1.3% during the 3rd quarter. Confluence Investment Management LLC now owns 5,491 shares of the software maker's stock worth $1,145,000 after purchasing an additional 69 shares in the last quarter.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SAP. Jefferies Financial Group restated a "buy" rating on shares of SAP in a research report on Thursday, October 22nd. Citigroup reiterated a "buy" rating on shares of SAP in a report on Friday, October 23rd. Oppenheimer reiterated a "market perform" rating on shares of SAP in a report on Friday, July 24th. Morgan Stanley reissued an "overweight" rating on shares of SAP in a research report on Friday, August 21st. Finally, Weiss Ratings cut SAP from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, SAP presently has an average rating of "Moderate Buy" and a consensus target price of $258.83.

SAP Stock Performance

Shares of SAP opened at $233.46 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.15 and a current ratio of 1.16. The company has a market capitalization of $286.81 billion, a price-to-earnings ratio of 28.51, a PEG ratio of 2.86 and a beta of 1.13. The company's 50 day simple moving average is $218.23 and its 200 day simple moving average is $192.37. SAP SE has a 1 year low of $144.97 and a 1 year high of $265.88.

About SAP

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM employees, SAP originally developed software to help businesses integrate accounting and operational data. The company has since become a major provider of cloud-based business applications and enterprise technology.

SAP's portfolio includes enterprise resource planning software, including SAP S/4HANA Cloud, along with solutions for finance, procurement, supply chain management, human resources, customer experience and business analytics.

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