AdvisorNet Financial Inc Has $46,000 Stake in SAP SE (NYSE:SAP)

AdvisorNet Financial Inc trimmed its position in SAP SE (NYSE:SAPGet Rating) by 22.2% in the second quarter, HoldingsChannel.com reports. The firm owned 512 shares of the software maker’s stock after selling 146 shares during the period. AdvisorNet Financial Inc’s holdings in SAP were worth $46,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Baltimore Washington Financial Advisors Inc. acquired a new position in SAP during the fourth quarter worth $42,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in SAP during the fourth quarter worth $44,000. Montag A & Associates Inc. acquired a new position in SAP during the first quarter worth $45,000. Koshinski Asset Management Inc. acquired a new position in SAP during the first quarter worth $48,000. Finally, Compagnie Lombard Odier SCmA raised its stake in SAP by 111.1% during the first quarter. Compagnie Lombard Odier SCmA now owns 475 shares of the software maker’s stock worth $53,000 after acquiring an additional 250 shares in the last quarter. 5.20% of the stock is currently owned by institutional investors and hedge funds.

SAP Price Performance

SAP stock opened at $81.37 on Friday. The business’s 50-day simple moving average is $89.14 and its 200 day simple moving average is $96.95. The stock has a market cap of $95.98 billion, a price-to-earnings ratio of 21.25, a P/E/G ratio of 1.16 and a beta of 1.10. SAP SE has a 12-month low of $80.97 and a 12-month high of $149.92. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.22.

Analysts Set New Price Targets

Several research firms have issued reports on SAP. BMO Capital Markets dropped their price objective on SAP from $112.00 to $105.00 and set a “market perform” rating for the company in a research note on Tuesday, July 12th. Oddo Bhf decreased their target price on SAP from €104.00 ($106.12) to €93.00 ($94.90) and set a “neutral” rating on the stock in a report on Tuesday, July 5th. Berenberg Bank began coverage on SAP in a report on Tuesday, July 5th. They set a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on SAP from €120.00 ($122.45) to €115.00 ($117.35) in a report on Friday, July 22nd. Finally, BNP Paribas cut SAP from an “outperform” rating to a “neutral” rating and set a $105.00 target price on the stock. in a report on Thursday, June 30th. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $106.00.

SAP Company Profile

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SAP SE, together with its subsidiaries, operates as an enterprise application software company worldwide. The company operates through three segments: Applications, Technology & Support; Qualtrics; and Services. It offers SAP S/4HANA, an ERP suite with intelligent technologies, such as artificial intelligence, machine learning, and advanced analytics; SAP SuccessFactors Human Experience Management provides cloud-based solutions, such as a human resources management system for core HR and payroll, talent management, employee experience management, and people analytics; and intelligent spend management solutions, including products branded under the SAP Ariba, SAP Concur, and SAP Fieldglass names.

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Institutional Ownership by Quarter for SAP (NYSE:SAP)

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