Marshall Wace North America L.P. increased its position in SAP SE (NYSE:SAP) by 105.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 42,962 shares of the software maker’s stock after buying an additional 22,006 shares during the period. Marshall Wace North America L.P.’s holdings in SAP SE were worth $4,511,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in SAP. Huntington National Bank boosted its position in SAP SE by 51.5% in the first quarter. Huntington National Bank now owns 1,524 shares of the software maker’s stock worth $150,000 after buying an additional 518 shares during the period. Nationwide Fund Advisors boosted its position in SAP SE by 3.8% in the first quarter. Nationwide Fund Advisors now owns 51,500 shares of the software maker’s stock worth $5,056,000 after buying an additional 1,900 shares during the period. Janney Montgomery Scott LLC boosted its position in SAP SE by 18.3% in the first quarter. Janney Montgomery Scott LLC now owns 11,480 shares of the software maker’s stock worth $1,127,000 after buying an additional 1,776 shares during the period. IFP Advisors Inc boosted its position in SAP SE by 19.9% in the first quarter. IFP Advisors Inc now owns 1,125 shares of the software maker’s stock worth $110,000 after buying an additional 187 shares during the period. Finally, Conning Inc. bought a new position in SAP SE during the first quarter worth approximately $238,000. 3.56% of the stock is owned by hedge funds and other institutional investors.

SAP SE (NYSE:SAP) opened at 104.53 on Thursday. The company has a 50-day moving average price of $105.21 and a 200-day moving average price of $101.43. SAP SE has a 1-year low of $80.93 and a 1-year high of $108.72. The firm has a market cap of $125.32 billion, a P/E ratio of 31.09 and a beta of 1.12.

SAP SE announced that its board has approved a share repurchase program on Thursday, July 20th that permits the company to repurchase outstanding shares. This repurchase authorization permits the software maker to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

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A number of equities analysts have commented on SAP shares. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $115.00 price objective (up from $107.00) on shares of SAP SE in a research report on Friday, June 9th. CIBC lifted their price objective on shares of SAP SE from $107.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, June 12th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of SAP SE in a research report on Monday, June 26th. DZ Bank AG reaffirmed a “buy” rating on shares of SAP SE in a research report on Wednesday, June 28th. Finally, Stifel Nicolaus reaffirmed a “sell” rating and set a $75.00 price objective on shares of SAP SE in a research report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $94.84.

SAP SE 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).

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

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