SAP SE (NYSE:SAP) Stock Position Boosted by Flow Traders U.S. LLC

Flow Traders U.S. LLC lifted its stake in SAP SE (NYSE:SAP) by 61.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,873 shares of the software maker’s stock after acquiring an additional 1,481 shares during the period. Flow Traders U.S. LLC’s holdings in SAP were worth $887,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in SAP. Verition Fund Management LLC lifted its holdings in shares of SAP by 54.6% in the third quarter. Verition Fund Management LLC now owns 2,363 shares of the software maker’s stock valued at $541,000 after buying an additional 835 shares during the period. Skye Global Management LP raised its position in SAP by 197.1% in the third quarter. Skye Global Management LP now owns 46,800 shares of the software maker’s stock worth $10,722,000 after acquiring an additional 31,050 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in SAP by 17.7% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 20,520 shares of the software maker’s stock valued at $4,690,000 after acquiring an additional 3,080 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of SAP by 30.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,400 shares of the software maker’s stock valued at $3,299,000 after purchasing an additional 3,400 shares in the last quarter. Finally, Glenmede Trust Co. NA grew its stake in shares of SAP by 10.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 36,438 shares of the software maker’s stock worth $8,348,000 after purchasing an additional 3,338 shares during the last quarter.

SAP Stock Up 1.7 %

Shares of SAP stock opened at $241.62 on Tuesday. SAP SE has a 1 year low of $148.38 and a 1 year high of $243.01. The company has a market cap of $296.83 billion, a P/E ratio of 96.65, a P/E/G ratio of 4.56 and a beta of 1.25. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. The stock has a 50-day moving average price of $231.55 and a 200 day moving average price of $213.91.

SAP (NYSE:SAP) last posted its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.08). SAP had a return on equity of 11.44% and a net margin of 8.15%. The company had revenue of $8.47 billion for the quarter, compared to analyst estimates of $9.25 billion. During the same quarter in the prior year, the business posted $1.20 earnings per share. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, analysts expect that SAP SE will post 4.89 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Barclays raised their target price on shares of SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. TD Cowen raised their price objective on SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. JMP Securities boosted their target price on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 22nd. Finally, BMO Capital Markets increased their price target on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, SAP presently has an average rating of “Moderate Buy” and an average target price of $252.33.

About SAP

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.