Virtu KCG Holdings LLC Purchases 7,230 Shares of SAP SE (SAP)
Virtu KCG Holdings LLC lifted its position in SAP SE (NYSE:SAP) by 210.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,658 shares of the software maker’s stock after buying an additional 7,230 shares during the quarter. Virtu KCG Holdings LLC’s holdings in SAP SE were worth $1,116,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Advisor Group Inc. grew its stake in shares of SAP SE by 11.6% in the 2nd quarter. Advisor Group Inc. now owns 10,298 shares of the software maker’s stock valued at $1,069,000 after buying an additional 1,069 shares in the last quarter. Harding Loevner LP grew its stake in shares of SAP SE by 3.3% in the 2nd quarter. Harding Loevner LP now owns 5,712,345 shares of the software maker’s stock valued at $597,911,000 after buying an additional 180,613 shares in the last quarter. GQG Partners LLC grew its stake in shares of SAP SE by 69.8% in the 2nd quarter. GQG Partners LLC now owns 237,828 shares of the software maker’s stock valued at $24,893,000 after buying an additional 97,758 shares in the last quarter. Mariner Wealth Advisors LLC grew its stake in shares of SAP SE by 2.2% in the 2nd quarter. Mariner Wealth Advisors LLC now owns 8,415 shares of the software maker’s stock valued at $881,000 after buying an additional 179 shares in the last quarter. Finally, MML Investors Services LLC grew its stake in shares of SAP SE by 9.1% in the 2nd quarter. MML Investors Services LLC now owns 4,460 shares of the software maker’s stock valued at $467,000 after buying an additional 372 shares in the last quarter. 3.56% of the stock is owned by institutional investors and hedge funds.
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SAP SE (NYSE SAP) opened at 109.65 on Friday. The stock’s 50 day moving average price is $106.54 and its 200-day moving average price is $103.24. SAP SE has a one year low of $80.93 and a one year high of $110.67. The firm has a market capitalization of $131.46 billion, a price-to-earnings ratio of 31.79 and a beta of 1.12.
SAP SE announced that its board has authorized a stock buyback program on Thursday, July 20th that permits the company to buyback shares. This buyback authorization permits the software maker to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.
SAP has been the subject of several recent research reports. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $115.00 price target (up previously from $107.00) on shares of SAP SE in a research note on Friday, June 9th. CIBC upped their target price on 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 target price on shares of SAP SE in a research report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. The stock 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).
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