SAP (NYSE:SAP) Upgraded at StockNews.com

StockNews.com upgraded shares of SAP (NYSE:SAPGet Rating) from a hold rating to a buy rating in a research note released on Tuesday morning.

A number of other analysts have also recently weighed in on SAP. Cowen reduced their price target on SAP from $107.00 to $106.00 in a research report on Wednesday, October 26th. Barclays raised SAP from an equal weight rating to an overweight rating and boosted their price objective for the stock from $106.00 to $136.00 in a research report on Monday. JPMorgan Chase & Co. raised SAP from a neutral rating to an overweight rating in a research report on Friday, October 21st. Cowen cut their price objective on SAP from $107.00 to $106.00 in a research report on Wednesday, October 26th. Finally, Morgan Stanley cut their price objective on SAP from €122.00 ($124.49) to €115.00 ($117.35) and set an overweight rating for the company in a research report on Friday, October 14th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, SAP currently has an average rating of Hold and a consensus price target of $110.07.

SAP Price Performance

Shares of NYSE:SAP opened at $109.62 on Tuesday. SAP has a fifty-two week low of $78.22 and a fifty-two week high of $141.68. The business has a 50-day moving average of $91.81 and a two-hundred day moving average of $92.39. The stock has a market capitalization of $129.31 billion, a P/E ratio of 36.54, a P/E/G ratio of 6.90 and a beta of 1.10. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.03 and a quick ratio of 1.03.

Institutional Investors Weigh In On SAP

Several large investors have recently modified their holdings of SAP. Pendal Group Ltd bought a new stake in shares of SAP in the 2nd quarter valued at approximately $174,257,000. Capital International Investors grew its stake in shares of SAP by 58.2% in the 1st quarter. Capital International Investors now owns 4,700,206 shares of the software maker’s stock valued at $524,270,000 after purchasing an additional 1,729,492 shares during the period. Clearbridge Investments LLC grew its stake in shares of SAP by 3,004.6% in the 2nd quarter. Clearbridge Investments LLC now owns 1,375,062 shares of the software maker’s stock valued at $124,746,000 after purchasing an additional 1,330,771 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of SAP by 230.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,389,447 shares of the software maker’s stock valued at $154,173,000 after purchasing an additional 969,505 shares during the period. Finally, Balyasny Asset Management LLC bought a new stake in shares of SAP in the 3rd quarter valued at approximately $74,919,000. 5.20% of the stock is currently owned by institutional investors.

About SAP

(Get Rating)

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.

Further Reading

Analyst Recommendations for SAP (NYSE:SAP)

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