SAP SE $SAP Shares Acquired by Ethic Inc.

Ethic Inc. increased its holdings in shares of SAP SE (NYSE:SAP) by 22.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 86,667 shares of the software maker’s stock after acquiring an additional 15,759 shares during the quarter. Ethic Inc.’s holdings in SAP were worth $18,068,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership acquired a new position in SAP in the first quarter valued at approximately $150,701,000. Ruane Cunniff & Goldfarb L.P. increased its stake in SAP by 1,532.8% in the first quarter. Ruane Cunniff & Goldfarb L.P. now owns 749,909 shares of the software maker’s stock valued at $128,392,000 after purchasing an additional 703,982 shares during the last quarter. Bank of America Corp DE raised its holdings in SAP by 15.9% during the first quarter. Bank of America Corp DE now owns 2,018,383 shares of the software maker’s stock worth $345,567,000 after purchasing an additional 276,263 shares in the last quarter. Tidal Investments LLC raised its holdings in SAP by 18.5% during the second quarter. Tidal Investments LLC now owns 1,214,315 shares of the software maker’s stock worth $187,138,000 after purchasing an additional 189,591 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in SAP by 48.2% during the first quarter. Principal Financial Group Inc. now owns 550,531 shares of the software maker’s stock worth $94,257,000 after purchasing an additional 179,040 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. UBS Group downgraded shares of SAP from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 26th. Oppenheimer reaffirmed a “market perform” rating on shares of SAP in a research report on Friday, July 24th. Jefferies Financial Group reiterated a “buy” rating on shares of SAP in a research note on Thursday, October 22nd. Morgan Stanley reiterated an “overweight” rating on shares of SAP in a research note on Friday, August 21st. Finally, Barclays boosted their price target on shares of SAP from $243.00 to $288.00 and gave the company an “overweight” rating in a research report on Friday, October 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, SAP has an average rating of “Moderate Buy” and a consensus price target of $258.83.

SAP Stock Down 4.1%

SAP stock opened at $233.57 on Friday. The stock has a 50 day moving average of $219.81 and a two-hundred day moving average of $192.43. SAP SE has a twelve month low of $144.97 and a twelve month high of $255.90. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $286.94 billion, a price-to-earnings ratio of 28.52, a PEG ratio of 2.82 and a beta of 1.11.

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