SAP SE $SAP Stock Acquired by Vise Technologies Inc.

Key Points

• Vise Technologies increased its SAP stake by 13.5% in the third quarter, adding 4,677 shares to own 39,232 shares valued at approximately $8.18 million.
• Several institutional investors also expanded their SAP positions, including Ruane Cunniff & Goldfarb, which increased its holdings by more than 1,500% to 749,909 shares.
• SAP shares opened at $235.02, while analysts maintained a generally positive outlook: the stock has a “Moderate Buy” consensus rating and an average price target of $258.83.

Vise Technologies Inc. grew its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 13.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,232 shares of the software maker's stock after acquiring an additional 4,677 shares during the period. Vise Technologies Inc.'s holdings in SAP were worth $8,179,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Sequoia Financial Advisors LLC grew its stake in SAP by 59.7% during the first quarter. Sequoia Financial Advisors LLC now owns 18,091 shares of the software maker's stock worth $3,097,000 after purchasing an additional 6,763 shares during the period. Fort Washington Investment Advisors Inc. OH increased its holdings in SAP by 28.8% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 221,642 shares of the software maker's stock worth $46,208,000 after purchasing an additional 49,502 shares in the last quarter. ABC Arbitrage SA acquired a new position in SAP in the first quarter valued at approximately $2,306,000. QRG Capital Management Inc. lifted its stake in SAP by 12.0% in the second quarter. QRG Capital Management Inc. now owns 68,368 shares of the software maker's stock valued at $10,536,000 after buying an additional 7,315 shares during the period. Finally, Ruane Cunniff & Goldfarb L.P. boosted its holdings 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 worth $128,392,000 after buying an additional 703,982 shares in the last quarter.

SAP Stock Performance

NYSE SAP opened at $235.02 on Monday. The company has a market cap of $288.72 billion, a P/E ratio of 28.70, a PEG ratio of 2.83 and a beta of 1.11. The company has a fifty day simple moving average of $217.92 and a 200 day simple moving average of $192.44. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.18. SAP SE has a 12-month low of $144.97 and a 12-month high of $265.88.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SAP. Morgan Stanley reaffirmed an "overweight" rating on shares of SAP in a research report on Friday, August 21st. Argus set a $265.00 target price on shares of SAP in a research report on Thursday, September 10th. Barclays increased their target price on shares of SAP from $243.00 to $288.00 and gave the stock an "overweight" rating in a research note on Friday, October 23rd. Erste Group Bank raised shares of SAP from a "hold" rating to a "buy" rating in a research note on Friday. Finally, Weiss Ratings cut shares of SAP from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $258.83.

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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