SAP SE (SAP) Holdings Cut by GRATRY & Co LLC

GRATRY & Co LLC reduced its stake in shares of SAP SE (NYSE:SAP) by 20.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,720 shares of the software maker’s stock after selling 6,525 shares during the quarter. SAP SE accounts for 3.2% of GRATRY & Co LLC’s portfolio, making the stock its 4th largest position. GRATRY & Co LLC’s holdings in SAP SE were worth $2,587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in SAP. Verition Fund Management LLC bought a new stake in shares of SAP SE during the second quarter worth $332,000. Sterling Capital Management LLC grew its holdings in shares of SAP SE by 3.5% during the second quarter. Sterling Capital Management LLC now owns 5,267 shares of the software maker’s stock worth $551,000 after purchasing an additional 179 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in shares of SAP SE during the second quarter worth $330,000. Cubist Systematic Strategies LLC grew its holdings in shares of SAP SE by 124.2% during the second quarter. Cubist Systematic Strategies LLC now owns 6,779 shares of the software maker’s stock worth $710,000 after purchasing an additional 3,756 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of SAP SE by 2.3% during the second quarter. State Street Corp now owns 204,794 shares of the software maker’s stock worth $21,436,000 after purchasing an additional 4,622 shares during the last quarter. Hedge funds and other institutional investors own 3.57% of the company’s stock.

SAP SE (NYSE:SAP) traded up 0.24% during trading on Friday, reaching $112.92. The company had a trading volume of 188,498 shares. The firm’s 50 day moving average price is $108.79 and its 200 day moving average price is $104.87. SAP SE has a 12-month low of $80.93 and a 12-month high of $113.17. The firm has a market capitalization of $135.38 billion, a PE ratio of 32.74 and a beta of 1.10.

SAP SE announced that its board has approved a share repurchase plan on Thursday, July 20th that authorizes the company to repurchase outstanding shares. This repurchase authorization authorizes the software maker to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

SAP has been the topic of several research analyst reports. DZ Bank AG restated a “buy” rating on shares of SAP SE in a report on Wednesday, June 28th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of SAP SE in a report on Monday, June 26th. Berenberg Bank initiated coverage on SAP SE in a report on Wednesday, August 23rd. They set a “buy” rating on the stock. BidaskClub cut SAP SE from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Finally, Zacks Investment Research upgraded SAP SE from a “sell” rating to a “hold” rating in a report on Tuesday, September 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $94.84.

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SAP SE Company Profile

SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).

Institutional Ownership by Quarter for SAP SE (NYSE:SAP)

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