Eqis Capital Management Inc. increased its holdings in shares of SAP SE (NYSE:SAP) by 13.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,606 shares of the software maker’s stock after acquiring an additional 2,035 shares during the period. Eqis Capital Management Inc.’s holdings in SAP SE were worth $1,931,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SAP. Harbour Capital Advisors LLC grew its holdings in SAP SE by 10,198.2% during the second quarter. Harbour Capital Advisors LLC now owns 478,865 shares of the software maker’s stock worth $4,575,000 after acquiring an additional 474,215 shares during the period. FMR LLC grew its holdings in SAP SE by 6,475.0% during the second quarter. FMR LLC now owns 396,409 shares of the software maker’s stock worth $41,493,000 after acquiring an additional 390,380 shares during the period. Fisher Asset Management LLC grew its holdings in SAP SE by 3.8% during the second quarter. Fisher Asset Management LLC now owns 6,462,281 shares of the software maker’s stock worth $676,407,000 after acquiring an additional 238,908 shares during the period. Sustainable Growth Advisers LP grew its holdings in SAP SE by 8.9% during the second quarter. Sustainable Growth Advisers LP now owns 2,567,035 shares of the software maker’s stock worth $268,691,000 after acquiring an additional 210,664 shares during the period. Finally, Harding Loevner LP grew its holdings in SAP SE by 3.3% during the second quarter. Harding Loevner LP now owns 5,712,345 shares of the software maker’s stock worth $597,911,000 after acquiring an additional 180,613 shares during the period. 3.56% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages recently weighed in on SAP. Royal Bank Of Canada reaffirmed a “neutral” rating on shares of SAP SE in a report on Monday. Morgan Stanley reissued a “buy” rating on shares of SAP SE in a report on Monday. Stifel Nicolaus reissued a “sell” rating and issued a $75.00 target price on shares of SAP SE in a report on Thursday, October 12th. BMO Capital Markets reissued a “hold” rating and issued a $110.00 target price on shares of SAP SE in a report on Friday, October 13th. Finally, Zacks Investment Research raised SAP SE from a “sell” rating to a “hold” rating in a report on Tuesday, September 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen 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 $94.84.

SAP SE (NYSE:SAP) traded up 0.479% during trading on Thursday, hitting $112.305. The stock had a trading volume of 781,680 shares. The firm has a market cap of $134.64 billion, a price-to-earnings ratio of 32.562 and a beta of 1.10. The firm’s 50 day moving average is $109.59 and its 200 day moving average is $105.32. SAP SE has a 1-year low of $80.93 and a 1-year high of $113.17.

SAP SE announced that its Board of Directors has authorized a share repurchase program on Thursday, July 20th that authorizes the company to repurchase shares. This repurchase authorization authorizes the software maker to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

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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).

Institutional Ownership by Quarter for SAP SE (NYSE:SAP)

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