Bank of Montreal Can Sells 31,586 Shares of SAP SE (SAP)
Bank of Montreal Can cut its holdings in shares of SAP SE (NYSE:SAP) by 51.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 29,659 shares of the software maker’s stock after selling 31,586 shares during the quarter. Bank of Montreal Can’s holdings in SAP were worth $3,333,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the business. Atria Investments LLC increased its stake in SAP by 29.4% during the fourth quarter. Atria Investments LLC now owns 8,439 shares of the software maker’s stock worth $948,000 after purchasing an additional 1,915 shares during the period. KCS Wealth Advisory purchased a new stake in SAP during the fourth quarter worth about $640,000. Davis Selected Advisers increased its stake in SAP by 0.3% during the third quarter. Davis Selected Advisers now owns 141,865 shares of the software maker’s stock worth $15,537,000 after purchasing an additional 486 shares during the period. Sterling Capital Management LLC increased its stake in SAP by 14.9% during the third quarter. Sterling Capital Management LLC now owns 6,052 shares of the software maker’s stock worth $664,000 after purchasing an additional 785 shares during the period. Finally, Neuberger Berman Group LLC increased its stake in SAP by 2.6% during the third quarter. Neuberger Berman Group LLC now owns 1,346,504 shares of the software maker’s stock worth $147,644,000 after purchasing an additional 33,768 shares during the period. Institutional investors own 3.67% of the company’s stock.
Shares of SAP SE (NYSE SAP) opened at $105.09 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.18 and a current ratio of 1.17. SAP SE has a one year low of $91.31 and a one year high of $116.90. The firm has a market cap of $125,760.00, a P/E ratio of 25.32 and a beta of 1.11.
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SAP Company Profile
SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).
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