Advisors Preferred LLC initiated a new position in SAP SE during the third quarter, acquiring 5,197 shares valued at approximately $1.403 million, contributing to a broader trend of institutional buying. Analysts maintain a “Moderate Buy” rating for SAP with an average price target of $305.75, following a strong earnings beat where the company reported $1.90 EPS and $11.36 billion in revenue, surpassing expectations. The software maker’s stock has seen significant institutional interest, with major increases in holdings from firms like Fisher Asset Management LLC and Bank of America Corp DE.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Advisors Preferred LLC Buys New Position in SAP SE $SAP
Advisors Preferred LLC initiated a new position in SAP SE during the third quarter, acquiring 5,197 shares valued at approximately $1.403 million, contributing to a broader trend of institutional buying. Analysts maintain a “Moderate Buy” rating for SAP with an average price target of $305.75, following a strong earnings beat where the company reported $1.90 EPS and $11.36 billion in revenue, surpassing expectations. The software maker’s stock has seen significant institutional interest, with major increases in holdings from firms like Fisher Asset Management LLC and Bank of America Corp DE.