Jarislowsky Fraser Ltd Sells 2,787 Shares of SAP SE (NYSE:SAP)
Jarislowsky Fraser Ltd decreased its position in shares of SAP SE (NYSE:SAP) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 352,744 shares of the software maker’s stock after selling 2,787 shares during the period. Jarislowsky Fraser Ltd’s holdings in SAP SE were worth $36,921,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the stock. Reliance Trust Co. of Delaware raised its stake in SAP SE by 5.1% in the first quarter. Reliance Trust Co. of Delaware now owns 11,564 shares of the software maker’s stock worth $1,135,000 after buying an additional 556 shares during the last quarter. Howe & Rusling Inc. raised its stake in SAP SE by 25.4% in the first quarter. Howe & Rusling Inc. now owns 2,007 shares of the software maker’s stock worth $197,000 after buying an additional 407 shares during the last quarter. Howard Capital Management raised its stake in SAP SE by 3.7% in the first quarter. Howard Capital Management now owns 125,741 shares of the software maker’s stock worth $12,344,000 after buying an additional 4,500 shares during the last quarter. Atria Investments LLC raised its stake in SAP SE by 0.6% in the first quarter. Atria Investments LLC now owns 15,337 shares of the software maker’s stock worth $1,506,000 after buying an additional 86 shares during the last quarter. Finally, Capstone Asset Management Co. raised its stake in SAP SE by 7.4% in the first quarter. Capstone Asset Management Co. now owns 92,829 shares of the software maker’s stock worth $9,113,000 after buying an additional 6,430 shares during the last quarter. 3.73% of the stock is currently owned by institutional investors and hedge funds.
SAP SE (SAP) traded down 0.81% during trading on Tuesday, hitting $103.96. The stock had a trading volume of 500,653 shares. SAP SE has a 1-year low of $78.56 and a 1-year high of $108.72. The firm’s 50 day moving average is $105.89 and its 200 day moving average is $96.74. The firm has a market cap of $124.65 billion, a price-to-earnings ratio of 30.40 and a beta of 1.12.
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A number of analysts recently commented on the company. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of SAP SE in a research note on Monday, June 26th. DZ Bank AG reissued a “buy” rating on shares of SAP SE in a research note on Wednesday, June 28th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $115.00 price target (up from $107.00) on shares of SAP SE in a research note on Friday, June 9th. Stifel Nicolaus reissued a “sell” rating and issued a $75.00 price target on shares of SAP SE in a research note on Friday. Finally, Royal Bank Of Canada raised their price target on SAP SE from $102.00 to $106.00 and gave the stock a “sector perform” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, six have given 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 $94.44.
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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