SAP Ag (NYSE:SAP).
Thornburg Investment Management Inc bought 104,216 shares during the last quarter increasing its stake in SAP Ag (SAP) by 57.1%. Its position was worth $31,438,000 an increase of 64.6% as of the end of the quarter.
The following firms have recently changed their position in SAP. Ubs Asset Management Americas Inc expanded its position by buying 6,800 shares an increase of 7.9% in the quarter. Ubs Asset Management Americas Inc claims 92,412 shares valued at $10,132,976,000. The total value of its holdings increased 13.1%. As of quarter end Greenleaf Trust had acquired a total of 104,216 shares growing its position 68.2%. The value of the total investment in SAP Ag increased from $240,000 to $423,000 a change of $183,000 for the reporting period.
As of the end of the quarter Thornburg Investment Management Inc had bought 104,216 shares growing its holdings by 57.1%. The value in dollars went from $26,411,000 to $29,228,000 a change of 64.6% quarter over quarter. Thornburg Investment Management Inc bolstered its holdings by buying 1,564 shares an increase of 57.1% from 06/30/2017 to 09/30/2017. Thornburg Investment Management Inc currently owns 286,708 shares with a value of $31,438,000. The value of the position overall is up by 64.6%.
As of the end of the quarter Raymond James & Associates had acquired 14,233 shares growing its stake by 5.6%. The value of the company’s investment in SAP Ag went from $19,101,000 to $31,438,000 increasing 10.7% quarter to quarter.
Equity analyst Argus raised the price target on October 23 changing the price objective from $118.00 to $130.00 and stated a “Buy” rating. On October 20 analysts at BMO Capital Markets released a research note on SAP setting a rating of “Market Perform”.
On October 19, 2017 DZ Bank AG kept a “Buy” rating on the company. October 16 investment analysts at Royal Bank Of Canada maintained a “Neutral” rating on the company.
October 16 investment analysts at Morgan Stanley reiterated a “Buy” rating on the company. On October 13 BMO Capital Markets kept the company rating at “Hold” projecting a price of $110.00.
In the market the company is trading down by 0.15% percent from yesterday’s close. The most current P/E ratio is 31.04 and the market cap is 139.11B. As of the latest earnings report the EPS was $3.64 with 1.20B shares currently outstanding.
Investors are feeling more bullish on the company recently if you pay attention to the change in short interest. The firm realized a fall in short interest from September 29, 2017 to October 13, 2017 of -14.68%. Short shares decreased from 4,549,321 to 3,881,543 over that timeframe. With short interest at 3,881,543 and short average daily volume at 482,153, the short-interest ratio is 8.0 and the short interest percentage is 0.00% as of October 13.