Guardian Capital Advisors LP Buys 355 Shares of SAP SE (SAP)
Guardian Capital Advisors LP increased its stake in SAP SE (NYSE:SAP) by 1.4% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,310 shares of the software maker’s stock after buying an additional 355 shares during the period. Guardian Capital Advisors LP’s holdings in SAP SE were worth $2,636,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of SAP. Parallel Advisors LLC grew its stake in shares of SAP SE by 32.4% in the 2nd quarter. Parallel Advisors LLC now owns 957 shares of the software maker’s stock worth $101,000 after buying an additional 234 shares during the last quarter. Shine Investment Advisory Services Inc. purchased a new stake in shares of SAP SE in the 2nd quarter worth approximately $132,000. IFP Advisors Inc grew its stake in shares of SAP SE by 29.4% in the 2nd quarter. IFP Advisors Inc now owns 1,456 shares of the software maker’s stock worth $152,000 after buying an additional 331 shares during the last quarter. Fiduciary Trust Co. purchased a new stake in shares of SAP SE in the 2nd quarter worth approximately $157,000. Finally, Huntington National Bank grew its stake in shares of SAP SE by 1.6% in the 2nd quarter. Huntington National Bank now owns 1,548 shares of the software maker’s stock worth $162,000 after buying an additional 24 shares during the last quarter. Institutional investors own 3.56% of the company’s stock.
Several research firms recently weighed in on SAP. Zacks Investment Research upgraded SAP SE from a “sell” rating to a “hold” rating in a research note on Tuesday, September 19th. Royal Bank Of Canada reiterated a “hold” rating on shares of SAP SE in a research note on Monday, September 18th. Berenberg Bank began coverage on SAP SE in a research note on Wednesday, August 23rd. They set a “buy” rating on the stock. BidaskClub downgraded SAP SE from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Finally, BMO Capital Markets increased their target price on SAP SE from $105.00 to $110.00 and gave the company a “market perform” rating in a research note on Friday, July 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $94.84.
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Shares of SAP SE (NYSE:SAP) traded up 0.78% during trading on Friday, reaching $109.65. The company had a trading volume of 549,407 shares. SAP SE has a 1-year low of $80.93 and a 1-year high of $110.67. The stock has a market capitalization of $131.46 billion, a price-to-earnings ratio of 31.79 and a beta of 1.12. The company’s 50 day moving average is $106.54 and its 200-day moving average is $103.24.
SAP SE announced that its board has approved a stock repurchase plan on Thursday, July 20th that allows the company to repurchase outstanding shares. This repurchase authorization allows the software maker to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.
About SAP SE
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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