Ameriprise Financial Inc. Increases Stock Position in SAP SE $SAP

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Ameriprise Financial Inc. has increased its stake in SAP SE (NYSE:SAP) by 2.8% during the third quarter, bringing its total holdings to 1,120,408 shares valued at approximately $296.83 million. Other institutional investors have also adjusted their positions in SAP. The company has a “Moderate Buy” consensus rating from analysts, with an average price target of $305.75, and recently reported strong quarterly earnings, surpassing analyst expectations.

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