American National Insurance Co. TX maintained its position in SAP SE (NYSE:SAP) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,800 shares of the software maker’s stock at the end of the second quarter. American National Insurance Co. TX’s holdings in SAP SE were worth $2,177,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in SAP SE by 37.3% in the first quarter. Bank of America Corp DE now owns 2,565,236 shares of the software maker’s stock worth $251,830,000 after buying an additional 696,447 shares during the period. Strategic Global Advisors LLC boosted its stake in shares of SAP SE by 6.5% in the first quarter. Strategic Global Advisors LLC now owns 3,456 shares of the software maker’s stock worth $339,000 after buying an additional 212 shares during the last quarter. Abbrea Capital LLC boosted its stake in shares of SAP SE by 17.0% in the first quarter. Abbrea Capital LLC now owns 7,760 shares of the software maker’s stock worth $762,000 after buying an additional 1,125 shares during the last quarter. Marshall Wace North America L.P. acquired a new stake in shares of SAP SE during the first quarter worth about $2,053,000. Finally, Stephens Inc. AR acquired a new stake in shares of SAP SE during the first quarter worth about $384,000. 3.73% of the stock is owned by hedge funds and other institutional investors.
SAP SE (SAP) opened at 105.82 on Friday. The company has a 50-day moving average price of $105.53 and a 200-day moving average price of $98.64. The firm has a market cap of $126.88 billion, a P/E ratio of 31.00 and a beta of 1.12. SAP SE has a 1-year low of $80.93 and a 1-year high of $108.72.
SAP SE declared that its Board of Directors has approved a stock repurchase program on Thursday, July 20th that authorizes the company to repurchase shares. This repurchase authorization authorizes the software maker to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
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A number of equities research analysts have recently issued reports on the stock. Morgan Stanley reissued a “buy” rating on shares of SAP SE in a research report on Thursday, April 13th. William Blair reduced their target price on shares of SAP SE from $70.00 to $68.00 and set a “buy” rating for the company in a research report on Monday, April 17th. UBS AG cut shares of SAP SE from a “buy” rating to a “neutral” rating in a research report on Monday, March 27th. CIBC boosted their target price on shares of SAP SE from $107.00 to $115.00 and gave the company an “outperform” rating in a research report on Monday, June 12th. Finally, Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $115.00 target price (up previously from $107.00) on shares of SAP SE in a research report on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $95.69.
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).
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