D.A. Davidson & CO. raised its holdings in shares of SAP SE (NYSE:SAP) by 9.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,015 shares of the software maker’s stock after purchasing an additional 1,768 shares during the quarter. D.A. Davidson & CO.’s holdings in SAP were worth $2,249,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Icon Advisers Inc. Co. bought a new position in SAP during the third quarter valued at $1,502,000. River Road Asset Management LLC bought a new position in SAP during the third quarter valued at $255,000. Westwood Management Corp IL lifted its position in SAP by 2.1% during the third quarter. Westwood Management Corp IL now owns 207,500 shares of the software maker’s stock valued at $22,752,000 after purchasing an additional 4,200 shares during the last quarter. Russell Investments Group Ltd. lifted its position in SAP by 8.2% during the third quarter. Russell Investments Group Ltd. now owns 1,107,059 shares of the software maker’s stock valued at $121,363,000 after purchasing an additional 83,601 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in SAP during the third quarter valued at $33,601,000. Institutional investors and hedge funds own 3.80% of the company’s stock.
Several equities analysts have commented on the stock. Citigroup reiterated a “buy” rating on shares of SAP in a research report on Wednesday, January 10th. Cleveland Research lowered shares of SAP from a “buy” rating to a “neutral” rating in a research report on Thursday, January 25th. Argus increased their price objective on shares of SAP from $118.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, October 23rd. Sanford C. Bernstein reiterated an “outperform” rating and set a $122.00 price objective (down previously from $133.00) on shares of SAP in a research report on Monday, February 12th. Finally, Stifel Nicolaus set a $80.00 price objective on shares of SAP and gave the company a “sell” rating in a research report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $103.73.
TRADEMARK VIOLATION WARNING: “D.A. Davidson & CO. Grows Holdings in SAP SE (SAP)” was originally posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this story on another publication, it was stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this story can be viewed at https://www.chaffeybreeze.com/2018/02/19/d-a-davidson-co-grows-holdings-in-sap-se-sap.html.
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).
Want to see what other hedge funds are holding SAP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SAP SE (NYSE:SAP).
Receive News & Ratings for SAP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SAP and related companies with MarketBeat.com's FREE daily email newsletter.