CogentBlue Wealth Advisors LLC Buys Shares of 798 SAP SE $SAP

CogentBlue Wealth Advisors LLC bought a new stake in shares of SAP SE (NYSE:SAP) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 798 shares of the software maker’s stock, valued at approximately $243,000.

A number of other large investors also recently made changes to their positions in SAP. Bartlett & CO. Wealth Management LLC lifted its stake in shares of SAP by 585.7% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker’s stock worth $26,000 after purchasing an additional 82 shares during the period. Creative Financial Designs Inc. ADV raised its position in shares of SAP by 153.5% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker’s stock worth $29,000 after buying an additional 66 shares during the period. Founders Capital Management raised its position in shares of SAP by 133.9% in the 1st quarter. Founders Capital Management now owns 131 shares of the software maker’s stock worth $35,000 after buying an additional 75 shares during the period. Highline Wealth Partners LLC raised its position in shares of SAP by 126.2% in the 1st quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker’s stock worth $37,000 after buying an additional 77 shares during the period. Finally, Dagco Inc. purchased a new position in shares of SAP in the 1st quarter worth $45,000.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on SAP shares. JMP Securities increased their target price on SAP from $330.00 to $375.00 and gave the stock a “market outperform” rating in a research report on Wednesday, July 23rd. Morgan Stanley reiterated an “overweight” rating on shares of SAP in a report on Tuesday, August 5th. Erste Group Bank downgraded SAP from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Oddo Bhf upgraded SAP from a “neutral” rating to an “outperform” rating in a report on Wednesday. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of SAP in a report on Tuesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, SAP currently has an average rating of “Buy” and a consensus target price of $281.67.

SAP Stock Up 0.7%

Shares of NYSE SAP opened at $264.38 on Friday. SAP SE has a 1 year low of $217.51 and a 1 year high of $313.28. The firm has a market cap of $324.79 billion, a price-to-earnings ratio of 43.77, a PEG ratio of 3.80 and a beta of 1.29. 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’s 50-day simple moving average is $275.60 and its 200-day simple moving average is $282.31.

SAP (NYSE:SAP) last announced its earnings results on Tuesday, July 22nd. The software maker reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.07. SAP had a return on equity of 14.84% and a net margin of 18.26%.The business had revenue of $10.58 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same period 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 anticipate that SAP SE will post 6.55 earnings per share for the current fiscal year.

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.