Trading Report: Today: SAP SE (SAP) is GRATRY & Co LLC’s 3rd Largest Position

Today: SAP SE (SAP) is GRATRY & Co LLC’s 3rd Largest Position

GRATRY & Co LLC reduced its stake in shares of SAP SE (NYSE:SAP) by 0.8% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 52,649 shares of the company’s stock after selling 437 shares during the period. SAP SE accounts for approximately 3.8% of GRATRY & Co LLC’s portfolio, making the stock its 3rd largest position. GRATRY & Co LLC’s holdings in SAP SE were worth $4,813,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Independent Portfolio Consultants Inc. boosted its stake in SAP SE by 1.7% in the second quarter. Independent Portfolio Consultants Inc. now owns 7,525 shares of the company’s stock valued at $565,000 after buying an additional 125 shares in the last quarter. Harding Loevner LP boosted its stake in SAP SE by 0.5% in the second quarter. Harding Loevner LP now owns 4,908,075 shares of the company’s stock valued at $368,203,000 after buying an additional 25,459 shares during the period. Private Bank & Trust Co. boosted its stake in SAP SE by 23.3% in the second quarter. Private Bank & Trust Co. now owns 3,968 shares of the company’s stock valued at $298,000 after buying an additional 749 shares during the period. MAI Capital Management boosted its stake in SAP SE by 3.0% in the second quarter. MAI Capital Management now owns 5,165 shares of the company’s stock valued at $387,000 after buying an additional 150 shares during the period. Finally, Naples Global Advisors LLC boosted its stake in SAP SE by 0.7% in the second quarter. Naples Global Advisors LLC now owns 7,515 shares of the company’s stock valued at $564,000 after buying an additional 50 shares during the period. 3.55% of the stock is owned by hedge funds and other institutional investors.

Shares of SAP SE (NYSE:SAP) opened at 85.61 on Monday. The firm’s 50-day moving average price is $86.10 and its 200-day moving average price is $84.08. SAP SE has a one year low of $71.39 and a one year high of $92.76. The stock has a market capitalization of $102.56 billion, a P/E ratio of 28.53 and a beta of 1.36.

SAP has been the subject of several recent analyst reports. Credit Suisse Group AG reissued a “hold” rating and set a $45.00 target price on shares of SAP SE in a research note on Thursday, November 10th. Deutsche Bank AG reissued a “buy” rating on shares of SAP SE in a research note on Tuesday, September 27th. Barclays PLC reissued an “overweight” rating and set a $105.00 target price on shares of SAP SE in a research note on Tuesday, August 30th. HSBC reissued a “buy” rating on shares of SAP SE in a research note on Tuesday, October 4th. Finally, Royal Bank Of Canada raised their target price on SAP SE to $95.00 and gave the stock a “sector perform” rating in a research note on Friday, September 30th. Nine investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. SAP SE currently has an average rating of “Buy” and an average target price of $85.55.

About SAP SE

SAP SE (SAP), formerly SAP AG, is engaged in business application and analytics software. The Company is also engaged in digital commerce and is an enterprise cloud company. Its segments include Applications, Technology & Services segment, which is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (mainly support services and various professional services and premium support services, as well as implementation services of its software products and education services on the use of its products), and SAP Business Network Segment, which includes a network of networks, which covers sourcing, procurement, and travel and expenses.

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