SAP (NYSE:SAP) Upgraded by Barclays to “Overweight”

Barclays upgraded shares of SAP (NYSE:SAPGet Rating) from an equal weight rating to an overweight rating in a report published on Monday morning, MarketBeat.com reports. The brokerage currently has $136.00 price target on the software maker’s stock, up from their previous price target of $106.00.

A number of other analysts also recently commented on SAP. Cowen dropped their price objective on SAP from $107.00 to $106.00 in a report on Wednesday, October 26th. Cowen dropped their price objective on SAP from $107.00 to $106.00 in a report on Wednesday, October 26th. Morgan Stanley dropped 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 report on Friday, October 14th. Jefferies Financial Group downgraded SAP from a buy rating to an underperform rating in a report on Thursday, November 17th. Finally, StockNews.com upgraded SAP from a hold rating to a buy rating in a report on Friday, November 4th. One 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 company’s stock. Based on data from MarketBeat, the company has a consensus rating of Hold and a consensus target price of $110.07.

SAP Trading Up 0.2 %

Shares of SAP stock opened at $109.85 on Monday. SAP has a fifty-two week low of $78.22 and a fifty-two week high of $141.68. The firm has a market cap of $129.58 billion, a PE ratio of 36.62, a P/E/G ratio of 6.98 and a beta of 1.10. The business’s fifty day moving average is $92.28 and its two-hundred day moving average is $92.52. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.21.

Hedge Funds Weigh In On SAP

Several large investors have recently modified their holdings of the stock. Eagle Bay Advisors LLC lifted its position in shares of SAP by 68.0% during the third quarter. Eagle Bay Advisors LLC now owns 462 shares of the software maker’s stock worth $38,000 after purchasing an additional 187 shares during the last quarter. Dash Acquisitions Inc. lifted its holdings in SAP by 9.8% in the third quarter. Dash Acquisitions Inc. now owns 61,409 shares of the software maker’s stock worth $4,989,000 after acquiring an additional 5,475 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in shares of SAP in the third quarter valued at approximately $287,000. CENTRAL TRUST Co increased its stake in shares of SAP by 72.7% in the third quarter. CENTRAL TRUST Co now owns 380 shares of the software maker’s stock valued at $31,000 after purchasing an additional 160 shares during the period. Finally, M&T Bank Corp increased its stake in shares of SAP by 47.8% in the third quarter. M&T Bank Corp now owns 30,920 shares of the software maker’s stock valued at $2,513,000 after purchasing an additional 10,006 shares during the period. Institutional investors own 5.20% of the company’s stock.

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.

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