Trading Report: Today: SAP SE (SAP) Stake Boosted by Ngam Advisors L.P.

Today: SAP SE (SAP) Stake Boosted by Ngam Advisors L.P.

Ngam Advisors L.P. raised its stake in SAP SE (NYSE:SAP) by 74.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 117,665 shares of the company’s stock after buying an additional 50,171 shares during the period. Ngam Advisors L.P.’s holdings in SAP SE were worth $10,756,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of SAP. Acadian Asset Management LLC acquired a new position in SAP SE during the third quarter valued at $102,000. Welch Group LLC acquired a new position in SAP SE during the third quarter valued at $108,000. Howe & Rusling Inc. boosted its position in SAP SE by 0.5% in the second quarter. Howe & Rusling Inc. now owns 1,544 shares of the company’s stock valued at $116,000 after buying an additional 7 shares in the last quarter. Societe Generale acquired a new position in SAP SE during the second quarter valued at $141,000. Finally, Assetmark Inc. boosted its position in SAP SE by 46.3% in the third quarter. Assetmark Inc. now owns 1,584 shares of the company’s stock valued at $145,000 after buying an additional 501 shares in the last quarter. Hedge funds and other institutional investors own 3.55% of the company’s stock.

Shares of SAP SE (NYSE:SAP) traded down 0.76% during trading on Monday, reaching $84.96. The company had a trading volume of 184,753 shares. The stock’s 50-day moving average price is $86.10 and its 200-day moving average price is $84.08. SAP SE has a 52 week low of $71.39 and a 52 week high of $92.76. The company has a market capitalization of $101.78 billion, a PE ratio of 28.31 and a beta of 1.36.

Several research analysts have recently weighed in on SAP shares. DZ Bank AG restated a “buy” rating on shares of SAP SE in a research note on Monday, October 24th. Barclays PLC reiterated a “buy” rating on shares of SAP SE in a research report on Monday, October 24th. Deutsche Bank AG reiterated a “buy” rating on shares of SAP SE in a research report on Tuesday, September 27th. Cowen and Company set a $93.00 price objective on SAP SE and gave the company a “buy” rating in a research report on Wednesday, October 12th. Finally, HSBC reiterated a “buy” rating on shares of SAP SE in a research report on Tuesday, October 4th. Nine analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $85.55.

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