West Tower Group LLC Acquires Shares of 1,000 SAP SE $SAP

West Tower Group LLC acquired a new stake in SAP SE (NYSE:SAP) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 1,000 shares of the software maker’s stock, valued at approximately $304,000.

Several other large investors also recently added to or reduced their stakes in the stock. TD Asset Management Inc boosted its position in SAP by 3.8% in the 1st quarter. TD Asset Management Inc now owns 1,662,809 shares of the software maker’s stock valued at $446,364,000 after buying an additional 60,261 shares during the period. Northern Trust Corp lifted its position in shares of SAP by 2.8% in the 1st quarter. Northern Trust Corp now owns 1,512,724 shares of the software maker’s stock worth $406,076,000 after purchasing an additional 40,926 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of 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 purchasing an additional 80,164 shares during the period. WCM Investment Management LLC lifted its position in shares of SAP by 5.5% in the 1st quarter. WCM Investment Management LLC now owns 1,229,086 shares of the software maker’s stock worth $329,395,000 after purchasing an additional 63,538 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in shares of SAP by 2.6% in the 1st quarter. BNP Paribas Financial Markets now owns 366,871 shares of the software maker’s stock worth $98,483,000 after purchasing an additional 9,411 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SAP in a research report on Wednesday, October 8th. Wall Street Zen cut shares of SAP from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Jefferies Financial Group reaffirmed a “buy” rating on shares of SAP in a research report on Tuesday, September 16th. Erste Group Bank cut shares of SAP from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. Finally, JMP Securities boosted their price objective on shares of SAP from $330.00 to $375.00 and gave the stock a “market outperform” rating in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, SAP presently has a consensus rating of “Buy” and a consensus target price of $281.67.

SAP Trading Up 1.1%

NYSE SAP opened at $272.84 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.15. The firm has a market cap of $335.18 billion, a PE ratio of 45.17, a price-to-earnings-growth ratio of 4.06 and a beta of 1.28. The company has a 50 day moving average price of $269.74 and a 200 day moving average price of $282.57. SAP SE has a 52 week low of $227.52 and a 52 week high of $313.28.

SAP (NYSE:SAP) last posted its quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.70 EPS for the quarter, topping the consensus estimate of $1.63 by $0.07. The firm had revenue of $10.58 billion during the quarter, compared to analyst estimates of $9.10 billion. SAP had a net margin of 18.26% and a return on equity of 14.84%. SAP’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.10 EPS. As a group, sell-side analysts forecast that SAP SE will post 6.55 EPS for the current fiscal year.

SAP Company Profile

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.