Ashton Thomas Private Wealth LLC Takes Position in SAP SE (NYSE:SAP)

Ashton Thomas Private Wealth LLC bought a new position in SAP SE (NYSE:SAP) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 797 shares of the software maker’s stock, valued at approximately $161,000.

A number of other large investors have also added to or reduced their stakes in SAP. Cetera Advisors LLC boosted its stake in shares of SAP by 113.3% in the 1st quarter. Cetera Advisors LLC now owns 15,069 shares of the software maker’s stock worth $2,939,000 after buying an additional 8,003 shares during the last quarter. BNP Paribas Financial Markets boosted its position in SAP by 21.1% in the first quarter. BNP Paribas Financial Markets now owns 26,359 shares of the software maker’s stock worth $5,141,000 after purchasing an additional 4,596 shares during the last quarter. Wealthspire Advisors LLC bought a new stake in shares of SAP during the 1st quarter valued at about $237,000. CWM LLC increased its position in shares of SAP by 9.1% during the 2nd quarter. CWM LLC now owns 2,867 shares of the software maker’s stock valued at $578,000 after purchasing an additional 240 shares during the last quarter. Finally, Henry James International Management Inc. lifted its stake in shares of SAP by 18.9% in the 1st quarter. Henry James International Management Inc. now owns 48,895 shares of the software maker’s stock worth $9,536,000 after purchasing an additional 7,765 shares during the period.

SAP Trading Up 1.6 %

Shares of NYSE:SAP opened at $221.01 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a fifty day moving average price of $210.18 and a 200 day moving average price of $197.08. SAP SE has a fifty-two week low of $126.75 and a fifty-two week high of $221.24.

SAP (NYSE:SAP) last issued its quarterly earnings data on Monday, July 22nd. The software maker reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.09. The firm had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.25 billion. SAP had a return on equity of 10.98% and a net margin of 7.74%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 earnings per share. On average, equities analysts forecast that SAP SE will post 4.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SAP has been the topic of several recent research reports. TD Cowen increased their price target on shares of SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a research report on Tuesday, July 23rd. JMP Securities raised their target price on SAP from $220.00 to $245.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 23rd. Sanford C. Bernstein began coverage on SAP in a report on Thursday, May 23rd. They set an “outperform” rating and a $227.00 price target for the company. Argus raised SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. Finally, BMO Capital Markets boosted their price objective on SAP from $237.00 to $248.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $232.00.

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.