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.

SAP has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of SAP from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Stifel Nicolaus reiterated a “sell” rating and set a $75.00 price target on shares of SAP in a research note on Thursday, October 12th. BMO Capital Markets initiated coverage on shares of SAP in a research note on Friday, October 20th. They set a “market perform” rating and a $115.00 price target on the stock. They noted that the move was a valuation call. Morgan Stanley lowered shares of SAP from an “overweight” rating to an “equal weight” rating in a research note on Thursday, January 11th. Finally, Desjardins upgraded shares of SAP to a “buy” rating and set a $49.00 price target on the stock in a research note on Thursday, December 28th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $102.64.

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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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Institutional Ownership by Quarter for SAP (NYSE:SAP)

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