Aaron Wealth Advisors LLC Boosts Stake in SAP SE $SAP

Aaron Wealth Advisors LLC raised its position in SAP SE (NYSE:SAP) by 3.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,233 shares of the software maker’s stock after buying an additional 319 shares during the period. Aaron Wealth Advisors LLC’s holdings in SAP were worth $2,808,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SAP. GAMMA Investing LLC increased its stake 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 valued at $350,644,000 after buying an additional 1,302,061 shares during the last quarter. Twin Tree Management LP increased its stake in shares of SAP by 122.5% during the 1st quarter. Twin Tree Management LP now owns 51,632 shares of the software maker’s stock worth $13,860,000 after purchasing an additional 280,896 shares during the last quarter. Main Street Research LLC purchased a new stake in shares of SAP during the 1st quarter worth approximately $32,151,000. Deutsche Bank AG increased its stake in shares of SAP by 2,105.3% during the 1st quarter. Deutsche Bank AG now owns 105,260 shares of the software maker’s stock worth $28,256,000 after purchasing an additional 100,487 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in SAP by 6.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,318,908 shares of the software maker’s stock worth $354,048,000 after buying an additional 80,164 shares during the period.

SAP Price Performance

SAP stock opened at $253.85 on Wednesday. The firm’s 50-day moving average price is $281.96 and its two-hundred day moving average price is $282.76. SAP SE has a 12-month low of $217.51 and a 12-month high of $313.28. The stock has a market capitalization of $311.85 billion, a price-to-earnings ratio of 42.03, a PEG ratio of 3.62 and a beta of 1.29. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.15.

SAP (NYSE:SAP) last released its quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.07. SAP had a net margin of 18.26% and a return on equity of 14.84%. The firm had revenue of $10.58 billion for the quarter, compared to analysts’ expectations of $9.10 billion. During the same quarter in the previous year, the company earned $1.10 earnings per share. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. As a group, equities analysts predict that SAP SE will post 6.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

SAP has been the subject of several analyst reports. JMP Securities raised their price objective on shares of SAP from $330.00 to $375.00 and gave the stock a “market outperform” rating in a report on Wednesday, July 23rd. Erste Group Bank downgraded shares of SAP from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Wall Street Zen raised shares of SAP from a “hold” rating to a “buy” rating in a report on Saturday. Wells Fargo & Company initiated coverage on shares of SAP in a report on Tuesday, May 20th. They issued an “overweight” rating for the company. Finally, Barclays reissued an “overweight” rating and issued a $322.00 price target (up from $308.00) on shares of SAP in a report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average 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.