SAP SE $SAP Shares Bought by 1832 Asset Management L.P.

1832 Asset Management L.P. increased its holdings in SAP SE (NYSE:SAP) by 41.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 211,017 shares of the software maker’s stock after purchasing an additional 61,831 shares during the quarter. 1832 Asset Management L.P.’s holdings in SAP were worth $56,645,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of SAP. GAMMA Investing LLC raised its holdings in SAP by 31,239.5% in the 1st quarter. GAMMA Investing LLC now owns 1,306,229 shares of the software maker’s stock worth $350,644,000 after purchasing an additional 1,302,061 shares during the period. Northern Trust Corp raised its holdings in SAP by 91.2% in the 4th quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker’s stock worth $362,371,000 after purchasing an additional 701,880 shares during the period. BNP Paribas Financial Markets raised its holdings in SAP by 6,165.7% in the 4th quarter. BNP Paribas Financial Markets now owns 357,460 shares of the software maker’s stock worth $88,010,000 after purchasing an additional 351,755 shares during the period. Barclays PLC raised its holdings in SAP by 101.5% in the 4th quarter. Barclays PLC now owns 3,356 shares of the software maker’s stock worth $826,000 after purchasing an additional 230,171 shares during the period. Finally, Main Street Research LLC acquired a new position in SAP in the 1st quarter worth about $32,151,000.

SAP Price Performance

NYSE:SAP opened at $270.9640 on Friday. SAP SE has a one year low of $210.38 and a one year high of $313.28. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market cap of $332.88 billion, a PE ratio of 44.86, a P/E/G ratio of 3.87 and a beta of 1.27. The stock has a 50 day moving average price of $292.38 and a 200 day moving average price of $284.98.

SAP (NYSE:SAP) last posted its quarterly earnings results on Tuesday, July 22nd. The software maker reported $1.70 EPS for the quarter, beating the consensus estimate of $1.63 by $0.07. SAP had a return on equity of 14.84% and a net margin of 18.26%.The firm had revenue of $10.58 billion during the quarter, compared to analysts’ expectations of $9.10 billion. During the same quarter last year, the firm earned $1.10 earnings per share. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. Equities research analysts expect that SAP SE will post 6.55 EPS for the current fiscal year.

Analysts Set New Price Targets

SAP has been the subject of a number of analyst reports. Morgan Stanley reaffirmed an “overweight” rating on shares of SAP in a report on Tuesday, August 5th. JMP Securities increased their target price on SAP from $330.00 to $375.00 and gave the company a “market outperform” rating in a report on Wednesday, July 23rd. Barclays reissued an “overweight” rating and set a $322.00 target price (up previously from $308.00) on shares of SAP in a report on Friday, July 25th. Jefferies Financial Group reissued a “buy” rating on shares of SAP in a report on Friday, May 2nd. Finally, BMO Capital Markets increased their target price on SAP from $320.00 to $330.00 and gave the company an “outperform” rating in a report on Friday, May 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, SAP has a consensus rating of “Buy” and a consensus target price of $281.67.

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.