Marshall Wace North America L.P. bought a new stake in SAP SE (NYSE:SAP) in the third quarter, Holdings Channel reports. The firm bought 117,772 shares of the software maker’s stock, valued at approximately $14,486,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SAP. TD Asset Management Inc. lifted its position in SAP by 3.5% during the second quarter. TD Asset Management Inc. now owns 87,262 shares of the software maker’s stock worth $10,093,000 after purchasing an additional 2,966 shares during the period. Chevy Chase Trust Holdings Inc. lifted its position in SAP by 1.1% during the second quarter. Chevy Chase Trust Holdings Inc. now owns 40,183 shares of the software maker’s stock worth $4,647,000 after purchasing an additional 451 shares during the period. Alps Advisors Inc. bought a new stake in SAP during the second quarter worth about $293,000. Sei Investments Co. lifted its position in SAP by 18.4% during the second quarter. Sei Investments Co. now owns 161,591 shares of the software maker’s stock worth $18,690,000 after purchasing an additional 25,110 shares during the period. Finally, Checchi Capital Advisers LLC lifted its position in SAP by 27.6% during the second quarter. Checchi Capital Advisers LLC now owns 7,866 shares of the software maker’s stock worth $910,000 after purchasing an additional 1,703 shares during the period. 4.42% of the stock is owned by institutional investors and hedge funds.

Several research firms recently weighed in on SAP. DZ Bank reaffirmed a “buy” rating on shares of SAP in a research report on Friday, November 23rd. Royal Bank of Canada reaffirmed a “neutral” rating on shares of SAP in a research report on Thursday, October 18th. Barclays cut their price objective on shares of SAP from $142.00 to $137.00 and set an “overweight” rating for the company in a research report on Friday, October 19th. UBS Group raised shares of SAP from a “neutral” rating to a “buy” rating in a research report on Monday, October 22nd. Finally, Zacks Investment Research raised SAP from a “sell” rating to a “hold” rating in a research note on Thursday, August 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $112.89.

NYSE:SAP opened at $100.72 on Friday. The company has a market cap of $124.71 billion, a price-to-earnings ratio of 23.48, a PEG ratio of 3.23 and a beta of 1.27. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.13 and a quick ratio of 1.13. SAP SE has a fifty-two week low of $98.83 and a fifty-two week high of $127.16.

SAP (NYSE:SAP) last released its earnings results on Thursday, October 18th. The software maker reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.02. The business had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $5.99 billion. SAP had a net margin of 17.57% and a return on equity of 17.64%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.01 EPS. On average, sell-side analysts expect that SAP SE will post 4.29 EPS for the current year.

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SAP Company Profile

SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution that enables businesses to manage data from various sources; SAP Cloud Platform, which enables businesses to connect and integrate applications; SAP BW/4HANA, a data warehouse solution; SAP Leonardo, a system that enables customers to make business sense and opportunity of disruptive technologies; and SAP Analytics Cloud, which leverages the intersection of business intelligence, planning, and predictive analytics.

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Institutional Ownership by Quarter for SAP (NYSE:SAP)

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