AdvisorNet Financial Inc trimmed its position in SAP SE (NYSE:SAP – Get 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
SAP Company Profile
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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