Fifth Third Bancorp Reduces Position in SAP SE $SAP

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Fifth Third Bancorp significantly reduced its stake in SAP SE by 74.3% during the fourth quarter, selling 11,690 shares and now holding 4,044 shares worth $982,000. This change comes amidst other institutional investors either increasing their positions or making smaller adjustments, and a mix of positive and negative news impacting SAP, including AI-focused acquisitions and new API policies. Analysts currently rate SAP as a “Moderate Buy” with an average price target of $288.00.

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